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.

BusinessTechnologyEquipment

Continental Launches Second-Generation CV Tires

Continental, one of the largest automotive suppliers and tire manufacturers in the world, has launched the first products in its second generation of General Tire commercial tires.

March 22, 2022
BusinessTechnologyFuel

EV Battery Maker LG to Expand in Michigan

LANSING, Mich. — Electric vehicle battery maker LG Energy Solution plans a $1.7 billion expansion in western Michigan that will add up to 1,200 jobs by 2025, officials announced March 22.

March 22, 2022
GovernmentBusinessLogistics

Canadian Pacific Reaches Deal With Union to End Stoppage

Canadian Pacific Railway said it will resume normal operations after it agreed to work with an arbitrator on a contract for 3,000 workers, ending a two-day work stoppage.

March 22, 2022
BusinessLogisticsTop 100

A. Duie Pyle to Open Three Locations in Virginia

A. Duie Pyle is opening three new facilities as part of an effort to expand its services into Virginia, the company announced March 15.

March 22, 2022
BusinessEquipmentLogisticsBreaking News

Truck Tonnage Up 2.4% Year-Over-Year in February

Truck tonnage in February increased 2.4% compared with the same month a year ago, and American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Index equaled 115.3, the federation announced March 22.

March 22, 2022
GovernmentBusinessTechnologyLogisticsTCA

Iowa Towns Negotiate With Canadian Pacific Over Train Traffic

Cities along the Mississippi River and Canadian Pacific officials are talking about ways to measure and address the impact of its proposed merger with Kansas City Southern. The consolidation could triple the train traffic in the Iowa Quad-Cities.

March 22, 2022
BusinessTechnologyEquipmentAutonomous

Locomation, Christenson Partner on Automated Truck Deployment

LAS VEGAS — Automated truck developer Locomation has signed an eight-year agreement with Christenson Transportation to deploy its human-guided autonomous convoy technology.

March 22, 2022
BusinessTechnologyEquipmentAutonomous

Tesla ‘Gigafactory’ Opens in Germany

BERLIN — Electric car manufacturer Tesla is opening its first European factory March 22 on the outskirts of Berlin in an effort to challenge German automakers on their home turf.

March 22, 2022
GovernmentBusiness

DOT to Give $10 Million to Help Disadvantaged Businesses Compete for Highway Funds

The U.S. Department of Transportation announced $10 million in funding for minority- and women-owned businesses to help them compete for federal highway contracts from the forthcoming $1.2 trillion in infrastructure investments.

March 22, 2022
GovernmentBusiness

Markets Point Higher After Tough Inflation Talk From Fed

NEW YORK — Wall Street pointed toward a higher open on March 22, one day after Chairman Jerome Powell said the Federal Reserve was prepared to raise its benchmark short-term interest rate by a half-point multiple times, if necessary, to battle inflation.

March 22, 2022