Business
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.
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, 2021Uber 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.
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.
Exxon Defends Giant Dividend After First Annual Loss in Decades
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.
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.
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, 2021TruckLabs’ 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, 2021Online 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.
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.