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

Gibson Energy Sells Canadian Truck Transportation

Gibson Energy Inc. sold Canadian Truck Transportation for C$100 million, the company announced in a news release.

April 11, 2019

Transport Topics Podcasts: AOBRDs and ELDs

RoadSigns podcast

Check out the latest podcast episodes of our RoadSigns programs. Episode 1 and 2 of Season Two, "The AOBRD Phaseout" and "What Does the Future Hold for ELDs?" are now available. Check back here often as new content is always being added!

Transport Topics
March 12, 2019
Government, Business, TCA

Teamsters, YRC Freight Reach Tentative Deal Through 2024

YRC Freight TT File Photo

Unions for workers at Overland Park, Kan.-based YRC Freight and two affiliated companies reached a tentative labor agreement that would result in wage increases over the next five years for most who are covered under the proposal.

Steve Vockrodt | The Kansas City Star
April 11, 2019
Business, Logistics

Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn

A national flag is seen on the hull of a commercial fishing vessel moored in the harbor in Reykjavik, Iceland (Arnaldur Halldorsson/Bloomberg News)

As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.

Ragnhildur Sigurdardottir | Bloomberg News
April 11, 2019
Government, Business

Jobless Claims Unexpectedly Fall, Hitting New 49-Year Low

Jobs David Paul Morris/Bloomberg News

Filings for U.S. unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969, as the tight labor market showed little sign of easing.

Reade Pickert | Bloomberg News
April 11, 2019
Government, Business, Fuel

Transportation Secretary Elaine Chao Reminds House Panel: White House Open to All Infrastructure Funding Options

Transportation Secretary Elaine Chao House Appropriations Committee/YouTube

WASHINGTON — Transportation Secretary Elaine Chao reaffirmed the Trump White House’s desire to partner with congressional transportation leaders on an infrastructure policy package that would reflect the views of Democrats and Republicans.

Eugene Mulero | Staff Reporter
April 10, 2019
Business

Titanium Transportation Group Expands Into US

Titanium Transportation truck Titanium Transportation

Titanium Transportation Group Inc. has expanded into the United States with an office in Charlotte, N.C., the company said in a news release. The Bolton, Ontario-based brokerage firm said it expects to add other locations throughout the United States.

April 10, 2019
Government, Business, Technology

Electric-Vehicle Tax Credits Get Bipartisan Boost in Senate

Tesla Alex Kraus/Bloomberg News

A bipartisan group of senators introduced legislation April 10 that would extend a lucrative tax credit for electric vehicles that could benefit companies such as Tesla Inc. and General Motors Co.

Ari Natter | Bloomberg News
April 10, 2019
Business

Ports, Shipping Industry Responsible for 26% of US GDP, Study Says

Ports A containership at the Port of Los Angeles. (Tim Rue/Bloomberg News)

The bustling activity at America’s seaports added $5.4 trillion to the economy in 2018 by way of revenue to businesses, personal income and economic output by exporters and importers.

Dan Ronan | Associate News Editor
April 10, 2019
Business, Fuel

Crude at Five-Month High as US Gasoline Stockpiles Tumble

Oil Luke Sharrett/Bloomberg News

Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.

Jessica Summers | Bloomberg News
April 10, 2019
Government, Business, Safety

FHWA Grant Supports Truck Parking Project Along I-10

1-10 in Houston 1-10 in Houston by Shutterstock

The Federal Highway Administration has awarded the Texas Department of Transportation nearly $7 million to fund a truck parking availability system along Interstate 10 in four states.

Eleanor Lamb | Staff Reporter
April 10, 2019

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