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, Equipment

Knight-Swift Acquires Majority Stake in Software Company Eleos

Knight-Swift Transportation Holdings Inc. announced it acquired a majority stake in Eleos, a Greenville, S.C.-based software company that provides a mobile driver workflow platform for trucking fleets and truck operators.

February 2, 2021
Business, Technology

Uber to Buy Alcohol Delivery Startup Drizly for $1.1 Billion

Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion.

Lizette Chapman | Bloomberg News
February 2, 2021
Government, Business, Safety

Tesla to Fix Touch Screens, Ending Spat With NHTSA

DETROIT — After initially refusing a request from U.S. safety regulators, Tesla has now agreed to recall about 135,000 vehicles because the large touch screens on the console can go dark.

Tom Krisher | Associated Press
February 2, 2021
Business, Fuel

Volvo Group, Natso Add Plans for Greater Electric Deployments

Truck maker Volvo Group and the travel plaza trade group Natso separately announced additional steps to ensure they assist in the infrastructure development and broader deployment of electric trucks.

Roger Gilroy | Senior Reporter
February 2, 2021
Business, Logistics, Top 100

U.S. Xpress Enterprises Reports $455.6M Revenue for Q4

U.S. Xpress Enterprises reported that its fourth-quarter bottom-line result swung to a profit from a loss in the year-ago period.

Connor D. Wolf | Staff Reporter
February 2, 2021
Business, Technology, Logistics

DTNA Names Rakesh Aneja to Lead eMobility Unit

Daimler Trucks North America announced the appointment of Rakesh Aneja as the company’s new head of eMobility that is focused on electric drive systems.

February 2, 2021
Business, Equipment

TruckLabs’ TruckWings Gains First Canadian Fleet Customer

TruckLabs announced J&R Hall, a Canadian family owned and operated trucking company, became the first Canadian fleet to adopt TruckLabs’ patented TruckWings technology.

February 2, 2021
Business, Logistics, Top 100

Online Shopping Surge Delivers Record Revenue for UPS

UPS Inc. reported record fourth-quarter revenue as demand for package delivery soared amid the coronavirus pandemic, the company announced Feb. 2.

Dan Ronan | Senior Reporter
February 2, 2021
Government, Business, Safety

Freight Operations Resume in Snow-Smothered Northeast States

Freight operations in the Northeast are proceeding after a massive snowstorm walloped the region, resulting in temporary restrictions on commercial vehicle travel.

Eleanor Lamb | Staff Reporter
February 1, 2021