Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business, Technology, Fuel

In Wake of Outages, Tesla Plugs Secret Battery Into Texas Grid

The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.

Dana Hull and Naureen Malik | Bloomberg News
March 8, 2021
Business, Technology, Equipment, Autonomous

Driverless Truck Startup Plus Seeks SPAC Merger

Self-driving truck startup Plus is in advanced talks with a few special purpose acquisition companies for a merger, as it seeks to bankroll its expansion in the autonomous driving industry, according to people familiar with the matter.

Lulu Yilun Chen | Bloomberg News
March 8, 2021
Government, Business, Fuel

European Gasoline Diverted to Texas to Ease Supply Crunch

Five gasoline tankers that were en route to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries.

Jeffrey Bair | Bloomberg News
March 8, 2021
Government, Business

Senate OKs $1.9 Trillion COVID-19 Relief Package

The U.S. Senate passed a sweeping $1.9 trillion COVID-19 relief bill March 6 that includes billions for vaccines, $1,400 direct payments to many Americans and billions for transit.

Lisa Mascaro | Associated Press
March 7, 2021
Government, Business, Technology, Autonomous

Ex-DOT Official Finch Fulton Joins Locomation

Locomation hired former U.S. Department of Transportation official Finch Fulton to serve as its vice president of policy and strategy.

March 5, 2021
Business

Big G Express Announces 6th Annual Charity Motorcycle Ride

Over-the-road trucking company Big G Express announced plans to hold its sixth annual motorcycle ride benefiting St. Jude Children’s Research Hospital on June 5.

March 5, 2021
Business, Fuel

Oil Soars Above $66, Highest in Two Years

Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover from the pandemic-driven slump.

March 5, 2021
Business, Safety

CVSA Cancels North American Inspectors Championship in Minnesota

The Commercial Vehicle Safety Alliance has canceled this year’s North American Inspectors Championship, which had been scheduled to take place in August in Minneapolis, the trade group announced March 5.

Eric Miller | Senior Reporter
March 5, 2021
Government, Business, Safety

Freight Economy Among Priorities of California’s Long-Term Plan

Improving freight movement in support of a strong economy is one of the priorities listed in the California Department of Transportation’s long-range transportation plan.

Eleanor Lamb | Staff Reporter
March 5, 2021
Business, Technology, Fuel

Commercial Vehicle Group Partners With Xos

Commercial Vehicle Group announced a partnership with commercial electric vehicle manufacturer Xos Inc. to develop sustainability initiatives intended to champion innovation and solutions for growing macro-trends in the marketplace.

March 5, 2021