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.
Paccar Parts Begins Selling Electric Vehicle Chargers
Paccar Parts announced it is making available to customers electric vehicle charging stations designed to be compatible with Paccar Inc.’s Kenworth Truck Co., Peterbilt Motors Co. and DAF electric trucks.
Wisconsin DOT Allocates $131.4 Million for Local Governments
The Wisconsin Department of Transportation recently announced $131.4 million in funding has been distributed to communities across the state.
Substantial Investments Needed for Infrastructure, ASCE Report Says
Failure to invest in long-term infrastructure upgrades will likely result in trillions of dollars in lost business productivity, ASCE said in a new report.
Group of Uber, Lyft Drivers Ask California Court to Scrap Ballot Measure
A group of ride-hail and delivery drivers are suing to invalidate the California ballot measure approved in November that declared them independent contractors, the latest volley in the state’s yearslong struggle over whether gig workers are employees.
DHL Owner Deutsche Post Reaps Profit Boost as Virus Spurs Demand
Deutsche Post AG reported record earnings as its DHL express-delivery arm benefited from a surge in home shopping spurred by the coronavirus crisis.
XPO Logistics Partners With Truckers Against Trafficking
XPO Logistics Inc. announced Jan. 11 that it has formed a partnership with Truckers Against Trafficking in an effort to combat the crime.
Hunt for the Next Tesla Fuels Wave of EV Deals
Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.
January 12, 2021XPO Names Leadership Team for New Logistics Business
XPO Logistics Inc. on Jan. 12 announced the senior leadership team for the upcoming spinoff of its logistics segment.
Sherri Baker Joins Hyliion as Chief Financial Officer
Hyliion Holdings Corp., a provider of electrified powertrain solutions for heavy-duty vehicles, announced Sherri Baker will join the company as chief financial officer.
GM Announces New Electric Delivery Van, Electric Pallet
The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it.