Business

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.

Business

TransPower Kenworth Expands in Valdosta, Ga.

Kenworth truck logo closeup John Sommers II for Transport Topics

Georgia truck dealership TransPower Kenworth announced its Valdosta facility relocated to a 20,000-square-foot building on 5 acres, located near Interstate 75.

February 15, 2019

Transport Topics Podcasts

RoadSigns podcast

Check out the latest podcast episodes of our RoadSigns and LiveOnWeb programs. Episode 2 of our Season Intersession of RoadSigns, "Is Trucking Charging Toward an Electric Reality?" is now available. Check back here often as new content is always being added!

Transport Topics
January 3, 2019
Government, Business, Technology, Fuel

VW Targets Carbon-Neutral Production for First Electric Car

Volkswagen Logo Qilai Shen/Bloomberg News

Volkswagen AG plans to save 1 million tons of carbon-dioxide emissions a year by making production of its first electric model carbon neutral, part of an effort to clean up its image in the aftermath of the diesel-cheating scandal.

Chris Reiter and Brian Parkin | Bloomberg News
February 15, 2019
Business, Technology, Equipment, Autonomous

VW, Ford Discuss Alliance on Self-Driving Cars

Ford Daniel Acker.Bloomberg News

Ford Motor Co. and Volkswagen AG are progressing toward an agreement to join forces on self-driving cars and have overcome earlier obstacles, according to people familiar with the talks.

Keith Naughton and Christoph Rauwald | Bloomberg News
February 15, 2019
Business, Logistics, Top 100

George Soros Cuts Stake in Agriculture Giant ADM

ADM Mark Hirsch/Bloomberg News

Billionaire George Soros has cut his holdings in agriculture giant Archer Daniels Midland Co. by more than half as the company contends with sluggish commodity markets amid the U.S.-China trade war.

Millie Munshi | Bloomberg News
February 15, 2019
Business, Logistics, Top 100

Pepsi Soothes Investors With Sales Growth, Plans for Payouts

pepsi Luke Sharrett/Bloomberg News

PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year.

Craig Giammona | Bloomberg News
February 15, 2019
Government, Business

Watch TT's Eugene Mulero Talk Infrastructure on C-SPAN

TT's Eugene Mulero will appear on C-SPAN's Washington Journal TT's Eugene Mulero live on C-SPAN's Washington Journal (via c-span.org)

Transport Topics reporter Eugene Mulero was a guest on C-SPAN's Washington Journal program Feb. 15, discussing infrastructure funding and taking calls from viewers. Click here for a link to watch a replay of the interview.

Transport Topics
February 15, 2019
Business, Logistics, Top 50, Top 100

XPO Logistics Reports Disappointing Earnings

XPO Logistics truck XPO Logistics via YouTube

XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.

Daniel P. Bearth | Staff Writer
February 14, 2019
Government, Business

ELD Exemption for Livestock Haulers Part of Fiscal 2019 Congressional Funding Deal

Sen. Richard Shelby Sen. Richard Shelby by Al Drago/Bloomberg News

Included in the law signed by President Trump Feb. 15 that funds federal agencies through fiscal 2019 is a provision that exempts livestock and insect haulers from the electronic logging device requirement.

Eugene Mulero | Staff Reporter
February 14, 2019
Government, Business, Fuel

New ARTBA President to Congress: Fix the Highway Trust Fund

Dave Bauer ARTBA CEO and President Dave Bauer. (ARTBA)

WASHINGTON — Dave Bauer, the new leader of the American Road and Transportation Builders Association, said he believes that raising and indexing federal fuel taxes is the best way to achieve sustainable funding for infrastructure upgrades needed around the country.

Eugene Mulero | Staff Reporter
February 14, 2019
Business, Technology, Equipment, Top 100

Class 8 Sales Jump 39.7% in January

Class 8 Sales New trucks on the lot at Kentuckiana's Premier Truck Center in Clarksville, Ind. (John Sommers II for Transport Topics)

Daimler Trucks North America rode its Freightliner brand to a nearly 50% market share of U.S. Class 8 retail sales in January as volume industrywide cleared 20,000 units, WardsAuto.com reported.

Roger Gilroy | Staff Reporter
February 14, 2019

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