Trucking Business News

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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.

BusinessEquipment

Bendix Buys Out Dana’s Share in Joint Venture

Bendix Commercial Vehicle System announced it acquired full ownership of Bendix Spicer Foundation Brake, the joint venture it formed in 2004 with Dana Inc. Bendix is a subsidiary of Germany-based Knorr-Bremse.

October 5, 2020
GovernmentBusiness

Market Gets Harsh Reminder That COVID Is Its Elemental Risk

In 24 hours, investors have learned the jobless rate dropped, Tesla Inc. built more cars than forecast and that someone is back making huge options trades in tech megacaps. None of it mattered in markets captivated by news that not even the White House is safe from COVID-19.

October 2, 2020
BusinessTechnologyFuel

GM Considers Boosting Stake in Nikola in Reworked Deal

General Motors Co. is considering revisions to its deal with embattled Nikola Corp., according to people familiar with the discussions, and may seek a higher stake in the startup now that its valuation has fallen after allegations of deception.

October 2, 2020
BusinessTop 100

Kenan Advantage Group Acquires Canadian-Based Paul’s Hauling

Kenan Advantage Group has completed its acquisition of Paul’s Hauling Ltd.

October 2, 2020
GovernmentBusiness

Pelosi Optimistic on Relief, Says Trump’s Illness Alters Dynamic

House Speaker Nancy Pelosi said negotiations on a new stimulus with the White House will press ahead and President Donald Trump’s COVID-19 diagnosis might change the tenor of the talks by emphasizing the seriousness of the pandemic.

October 2, 2020
GovernmentBusinessSafety

PennDOT Extends Expiration Dates for Commercial Licenses, Permits

As a response to statewide efforts to combat COVID-19, the Pennsylvania Department of Transportation has extended expiration dates pertaining to commercial driver licenses.

October 2, 2020
BusinessTechnologyEquipment

Hyliion Goes Public on NYSE

Hyliion Inc., announced it has completed its business combination with Tortoise Acquisition Corp. That cleared the way for the combined company to be renamed Hyliion Holdings Corp. and its common stock to be listed as HYLN on the New York Stock Exchange.

October 2, 2020
BusinessTechnologyFuelAutonomous

Tesla Inches Near Annual Goal With Record Sales in Quarter

Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales — making a difficult year-end sales goal slightly more attainable.

October 2, 2020
GovernmentBusiness

US Jobs Rise Less Than Forecast as Economic Rebound Downshifts

U.S. job gains slowed in September and many Americans quit looking for work, suggesting the economic recovery is downshifting as the country struggles without a COVID-19 vaccine or fresh government aid.

October 2, 2020
BusinessEquipment

Shyft Group Acquires Aluminum Truck-Body Maker F3 MFG

The Shyft Group has acquired aluminum truck body and accessory manufacturer F3 MFG Inc., it was announced Oct. 1.

October 1, 2020

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