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, Fuel

OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks

OPEC’s crude production plunged in February as Saudi Arabia delivered extra cutbacks intended to clear the remnants of a global supply glut.

Grant Smith and Julian Lee | Bloomberg News
March 2, 2021
Business, Technology, Fuel

Volvo to Make Only Electric Vehicles by 2030

Volvo says it will make only electric vehicles by 2030. But if you want one, you’ll have to buy it online.

Matt Ott | Associated Press
March 2, 2021
Business, Technology, Safety, Logistics, Top 50

COVID-19 Exposes Cold Chain Problems, Solutions

The coronavirus pandemic has presented new challenges and opportunities for innovation in cold chain shipments.

Connor D. Wolf | Staff Reporter
March 2, 2021
Government, Business

Progressives Propose Wealth Tax to Fund Infrastructure

Sen. Elizabeth Warren said her proposed wealth tax on households worth more than $50 million could help pay for investments in infrastructure, child care and health reforms as part of President Joe Biden’s plan to “Build Back Better” after the coronavirus pandemic that has disproportionately hit low-income families.

Erik Wasson | Bloomberg News
March 1, 2021
Government, Business

US Economy, Trucking Poised for Strong 2021, Economists Predict

The U.S. economy and trucking are poised for a strong second half of the year and into 2022, now that a third COVID-19 vaccine has been approved.

March 1, 2021
Business

Crowley Maritime Promotes Dan Warner to Chief Financial Officer

Crowley Maritime Corp. announced it promoted senior executive Dan Warner to chief financial officer and he will lead a consolidated finance group.

March 1, 2021
Business

Kenworth Medium-Duty Electric Trucks Eligible for CARB Incentive

Kenworth Truck Co. announced its new Kenworth K270E Class 6 and K370E Class 7 battery-electric vehicles qualify for an $85,000 voucher incentive available to qualifying California purchasers from the California Air Resources Board.

March 1, 2021
Government, Business, Safety

North Dakota Bill Proposes Amending Truck Restrictions for Road Train Pilot

Legislation that would temporarily amend truck length and weight restrictions is making its way through the North Dakota Legislative Assembly.

Eleanor Lamb | Staff Reporter
March 1, 2021
Business

The Value of a Good Driver

Just last month, a number of carriers announced driver pay increases mirroring a wider trend in the industry that emerged last year. Is this an effective strategy for combatting the worsening driver shortage? President & CEO of the National Transportation Institute, Leah Shaver, joins TT's Dan Ronan for a conversation about driver recruitment and retention in today's market and what tools fleet executives can use to succeed.

March 1, 2021
Government, Business, Logistics

Shipping Begins for Third Vaccine; J&J Looks for Partners

As shipping of the third coronavirus vaccine begins, Johnson & Johnson is looking for manufacturing partnerships to increase supply of its COVID-19 vaccine that was cleared Feb. 27 by U.S. regulators, Chief Executive Officer Alex Gorsky said.

Riley Griffin | Bloomberg News
March 1, 2021