Trucking Business News

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.

BusinessSafety

Ford Bans All Business Trips After Two Employees Contract Coronavirus

Ford Motor Co. has banned all air travel for business after two of its employees in China contracted the coronavirus.

March 3, 2020
BusinessLogistics

Sysco Approaches Germany Firm Metro About Takeover

Sysco Corp. has approached German wholesaler Metro AG about a takeover, as the U.S. food distribution giant explores ways to expand in Europe, people with knowledge of the matter said.

March 3, 2020
BusinessTechnologyAutonomous

Alphabet’s Waymo Raises $2.25 Billion for Driverless Cars

Waymo raised $2.25 billion from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc.’s autonomous vehicle unit has taken outside funds.

March 3, 2020
GovernmentBusiness

FMCSA Advances Final Rule on HOS to the White House

The Federal Motor Carrier Safety Administration has sent a final rule on changes to hours-of-service regulations to the White House.

March 3, 2020
BusinessLogistics

VersaCold Weighs $500 Million Sale Amid Storage Buzz

VersaCold, one of Canada’s largest providers of cold storage, is exploring a potential sale that could fetch $500 million or more, according to people with knowledge of the matter.

March 3, 2020
GovernmentBusiness

Fed Cuts Rates Half Point in Emergency Move Amid Spreading Virus

The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut March 3 in a bid to protect the longest-ever economic expansion from the spreading coronavirus.

March 3, 2020
BusinessTechnologyAutonomous

Majority of Promising AI Startups Are Still Based in the US

The most promising startups using artificial intelligence are U.S.-based companies working in the fields of health care, retail and transportation, according to a study that looked at budding AI companies around the world.

March 3, 2020
BusinessTechnologyFuelAutonomous

Nikola Plans Merger With Publicly Traded VectoIQ Acquisition Corp.

Nikola Corp. announced plans to merge with VectoIQ Acquisition Corp., a publicly traded special-purpose acquisition company, to speed up Nikola’s production of zero-emissions commercial vehicles.

March 3, 2020
BusinessLogisticsTop 100

CRST Buys New Jersey-Based Final-Mile Logistics Company NAL Group

CRST International on March 2 announced it had acquired final-mile specialist NAL Group. Financial terms of the agreement were not made public.

March 3, 2020
GovernmentBusinessLogistics

Bayonne Bridge Expansion Pays Big Dividends for Port of N.Y.-N.J.

Nearly a year after the Port of New York and New Jersey rededicated the raised Bayonne Bridge over the Kill Van Kull tidal strait connecting Bayonne, N.J., with Staten Island, N.Y., officials say the project is paying big economic dividends.

March 3, 2020