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.

BusinessTechnology

Lordstown Motors Goes Public Following Reverse Merger

Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will be listed on the Nasdaq and gain an infusion of $675 million through a merger with a publicly traded funding vehicle.

August 3, 2020
GovernmentBusinessLogistics

Port Manatee Gains Approval for Expansion

Manatee County Port Authority approved a construction contract for an $8.3 million project to nearly double the size of Port Manatee’s dockside container yard.

August 3, 2020
BusinessTechnologyEquipmentSafety

Brake Suppliers Invest in Sensing Technology

Integrating braking systems with sensors and telematics can enable more timely maintenance, reduce unplanned downtime and optimize component life while supporting “brake health.â€

August 3, 2020
GovernmentBusinessSafetyLogistics

UPS Readies Freezer Farms to Store Virus Vaccine When Approved

UPS Inc. is building two giant freezer farms capable of super-cooling millions of vials of a COVID-19 vaccine, preparing for the day when it will need to deliver the medicine at high speed across the globe.

August 3, 2020
GovernmentBusinessSafetyLogistics

Lawmakers Highlight Supply Chain Concerns Amid Pandemic

House lawmakers recently pointed to the need for enhancing the manufacturing environment for products and equipment to avoid future disruptions along supply chains affected during the coronavirus pandemic.

July 31, 2020
BusinessTechnologyFuel

Electric Car Startup Fisker Misses Deadline for Supply Deal With VW

Fisker Inc. missed a self-imposed deadline for a technology-sharing deal with Volkswagen AG that the electric-vehicle startup had described as key to cutting costs.

July 31, 2020
GovernmentBusinessFuel

Noble Corp. Files Bankruptcy to Erase $3.4 Billion of Debt

Offshore drilling contractor Noble Corp. filed for bankruptcy with a plan to cut more than $3.4 billion of debt.

July 31, 2020
BusinessLogistics

United Air Pivots to Leisure Routes in Modest Schedule Boost

United Airlines Holdings Inc. will boost flights modestly in September as it resumes service on more than 25 international routes.

July 31, 2020
BusinessEquipment

Penske Truck Leasing Introduces Mobile Remote Service Check-In

Penske Truck Leasing has introduced a remote service check-in through a mobile app upgrade, the company announced July 27.

July 31, 2020
BusinessLogisticsTop 100

Universal Posts Lower Profit, Declining Revenue in Q2

Universal Logistics Holdings reported July 30 that net income and revenue were down during the second quarter compared with last year.

July 31, 2020

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