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.

Government, Business

ATA President Chris Spear Urges Senate Panel to Fund Infrastructure Projects Long Term

ATA President Chris Spear ATA President Chris Spear by Al Drago/Bloomberg News

WASHINGTON — Sustainable funding for construction and maintenance of large-scale infrastructure projects nationwide is needed to address wasted economic productivity from traffic congestion and the potential harm older structures pose to drivers, the top executive of American Trucking Associations told a Senate committee Feb. 13.

Eugene Mulero | Staff Reporter
February 13, 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
Business, Equipment

Medium-Duty Sales Strong in January

Medium-Duty Sales A Ford F-750 truck at an industry show. (John Sommers II for Transport Topics)

Sales of medium-duty trucks had a strong start in 2019, climbing above 18,000 units in January, WardsAuto.com reported.

Roger Gilroy | Staff Reporter
February 13, 2019
Business, Fuel

Texas Shale Forces Big Oil Cost Revolution, Chevron CEO Says

Chevron Daniel Acker/Bloomberg News

The low break-even costs to pump in the Permian are forcing Chevron to be more efficient everywhere, Wirth said, from the deepwater platforms in the Gulf of Mexico to its liquefied natural gas plants.

Kevin Crowley | Bloomberg News
February 13, 2019
Government, Business, Technology, Safety, Fuel

AAR Supports Gas Tax, Vehicle-Miles-Traveled Measure to Fund Infrastructure

Vehicle-Miles-Traveled Association of American Railroads/Twitter

WASHINGTON — A vehicle-miles-traveled tax would present a good long-term solution for funding the nation’s infrastructure, while higher fuel taxes could address more near-term needs, representatives from the Association of American Railroads said.

Jim Stinson | Staff Reporter
February 13, 2019
Business, Logistics

NFI Expands Brokerage, Intermodal Business With Purchase of SCR Air Services

NFI intermodal containers travel by rail NFI

NFI completed the purchase of SCR Air Services Inc., a Seattle-based freight brokerage firm that specializes in shipping food and other products needing temperature control, the company announced Feb. 11. Terms were not disclosed.

February 13, 2019
Business, Logistics, Top 50

Redwood Logistics Acquires Strive Logistics

Dispatchers at Redwood Logistics' Chicago office Dispatchers at Redwood Logistics' Chicago office. (Redwood Logistics)

Redwood Logistics said it is acquiring Strive Logistics, a move that will create a multimodal freight brokerage firm with more than $1 billion in freight under management.

February 13, 2019
Government, Business, Technology, Logistics

Tesla Racing to Get Model 3s to China Before Potential Tariff Hike

Tesla Thousands of Teslas are getting loaded on ships heading to China. (David Paul Morris/Bloomberg News)

Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.

Dana Hull | Bloomberg News
February 13, 2019
Government, Business

Ford Says Plants at Risk, Urges UK to Reach Brexit Deal

Ford Sean Proctor/Bloomberg News

Ford Motor Co. warned of dire consequences for U.K. factories employing more than 7,000 people if British politicians fail to agree on a plan to avert a no-deal split from the European Union.

Christopher Jasper and Irene Garca Prez | Bloomberg News
February 13, 2019
Business, Technology, Equipment

Spotlight Shines on Pickup Trucks as Electric Vehicle Race Expands

Pickup A Rivian Automotive R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News)

Plug-in pickup trucks look to be the next frontier in the budding electric vehicle industry as startup Rivian Automotive is said to be in talks with General Motors Co. and Amazon.com.

Esha Dey | Bloomberg News
February 13, 2019
Business, Technology, Equipment

Mainstream Car Models More Dependable Than Luxury Brands, Survey Shows

Toyota Patrick T. Fallon/Bloomberg News

Prospective buyers planning to splurge on a luxury car may want to reconsider. Mass-market brands now are more reliable than premium models.

Alexandra Semenova | Bloomberg News
February 13, 2019

Pages