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, Technology

Corcentric Completes Two Acquisitions to Expand Payment Services

Corcentric, a company that provides systems to manage payments for transportation and other businesses, has purchased substantially all of the assets of Determine Inc., a cloud-based payment software provider, for $32 million in cash.

April 16, 2019
Government, Business, Technology, Autonomous

Podcast Debut: ‘RoadSigns’ Tackles Autonomous

RoadSigns podcast

Welcome to the inaugural episode of Transport Topics' new podcast: RoadSigns. Our debut episode focuses on how the trucking industry’s steady and ongoing development of autonomous technology may someday affect truck drivers. Click to listen!

Transport Topics
June 11, 2018
Business, Technology

ValueAct Bets on Success of Hydrogen Fuel With Nikola Motor

Nikola Nikola hydrogen-powered truck (Nikola Motor Co.)

ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.

Scott Deveau | Bloomberg News
April 16, 2019
Business, Logistics, TCA

Canadian National Rail Pledges $80 Million for Minnesota Improvements

Brent Lewin/Bloomberg News

Canadian National Railway plans to invest more than $80 million in Minnesota this year — spending it, they said, would strengthen the company’s rail network across the state.

Brady Slater | Duluth (Minn.) News Tribune
April 16, 2019
Government, Business, Logistics, TCA

New York Looking to Extend Port Authority to Buffalo

New York Port of New York and New Jersey (Getty Images)

Instead of unloading the containers at the New York port and putting them on trucks there, the idea is to unload the containers onto a train that would take them to Buffalo.

Jonathan D. Epstein | The Buffalo News, N.Y.
April 16, 2019
Government, Business, Equipment

Trade Groups Push for No Tariffs on Vehicle Parts

Vehicle Parts Trump at a meeting in the White House. (Al Drago/Bloomberg News)

Officials in the transportation industry warned that if President Donald Trump follows through on the threat of tariffs on imported truck and automobile parts, the effects could be devastating for jobs in the United States.

Dan Ronan | Associate News Editor
April 16, 2019
Business, Technology, TCA

Tesla Touts Energy Savings in Its First Sustainability Report

Tesla A view from outside Tesla's Fremont, Calif., facility. (Jeff Chiu/Associated Press)

Tesla released its first sustainability report April 15, in which the electric carmaker highlighted the positive effects it said its vehicles — and its production efforts — have had on the environment since purchasing its Fremont, Calif., factory in 2010.

Rex Crum | The Mercury News (San Jose, Calif.)
April 16, 2019
Business, Top 100

J.B. Hunt Earnings, Revenue Higher in 1Q, but Miss Wall Street Projections

A J.B. Hunt truck John Sommers II for Transport Topics

J.B. Hunt Transport Services reported on April 15 a year-over-year bump of 7% in first-quarter revenue to $2.09 billion compared with $1.95 billion for the same period in 2018.

Dan Ronan | Associate News Editor
April 15, 2019
Government, Business, Fuel

Diesel Average Price Spurts 2.5¢ to $3.118

Driver refueling truck Getty Images

The U.S. average retail price of diesel climbed 2.5 cents to $3.118 a gallon, as crude oil dropped below $64 a barrel, the Department of Energy reported April 15.

Jim Stinson | Staff Reporter
April 15, 2019
Government, Business, Equipment

Trump Visits Truck Dealer in Minnesota to Tout Tax Cuts

President Donald Trump visiting a truck dealership in Burnsville, Minn. Susan Walsh/Associated Press

While visiting a truck dealership in Burnsville, Minn., President Donald Trump touted tax cuts passed by Republicans in 2017, even as the law has swelled the deficit and failed to gain traction with voters in last year’s midterm elections.

Alyza Sebenius | Bloomberg News
April 15, 2019
Government, Business, Logistics

As Trade War Simmers, US Soybean Shipments Hit One-Year Low

Soybeans Charlie Neibergall/Associated Press

Shipments of American soybeans are at the lowest level since before the U.S.-China trade war in what could be a worrying sign for growers hoping for the Asian giant to accelerate purchases ahead of a trade deal.

Michael Hirtzer and Dominic Carey | Bloomberg News
April 15, 2019

Pages