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, Safety, Autonomous

Waymo Looks to Calm Doubts About Driverless Cars With Data Release

The voluntary disclosure comes less than a month after Waymo announced that it would begin offering fully driverless service to customers in Arizona and days before an election that could usher in a much tougher regulatory regime.

October 30, 2020
Government, Business

New York Officials Break Ground on Staten Island Expressway Project

New York Gov. Andrew Cuomo recently announced that construction has begun on a project to create a continuous auxiliary lane on a portion of the Staten Island Expressway.

Eleanor Lamb | Staff Reporter
October 30, 2020
Business, Technology, Top 100

USA Truck Posts Strong Net Income During Q3

USA Truck Inc. reported that its third-quarter bottom-line result swung to a profit from a loss in the year-ago period.

Connor D. Wolf | Staff Reporter
October 30, 2020
Business, Fuel

Exxon Warns of $30 Billion Shale Writedown Amid Record Loss

Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.

Kevin Crowley | Bloomberg News
October 30, 2020
Government, Business, Technology

Rhode Island Trucking Company Owner Admits to Falsifying ELD Records

The owner of a Rhode Island-based trucking company has admitted to falsifying service records for approximately 20 drivers.

Eleanor Lamb | Staff Reporter
October 30, 2020
Business, Technology, Autonomous

Daimler to Take Stake in Luminar, Diversifying Autonomous Efforts

Daimler AG’s truck unit is investing in a laser-sensor startup to bolster its development of self-driving trucks in the U.S. less than a week after striking a deal to use driverless technology from a unit of Google parent Alphabet Inc.

Gabrielle Coppola | Bloomberg News
October 30, 2020
Business, Top 50, Top 100

Forward Air Reports Lower Q3 Earnings as Pandemic Pressures Profits

Forward Air Corp. saw net income decease year-over-year in the third quarter, a result of effects driven by the pandemic, the carrier reported Oct. 29.

Connor D. Wolf | Staff Reporter
October 29, 2020
Business, Top 50, Top 100

Hub Group’s Q3 Earnings Lower as Pricing Issues Squeeze Profits

Hub Group reported lower third-quarter earnings as pricing issues hurt its profit margin.

Jerry Hirsch | Contributing Writer
October 29, 2020
Government, Business, Equipment

Defense Sales Brighten Allison Q3 Results

Allison Transmission Holdings Inc. reported lower net income and revenue in the third quarter as its defense segment contributed higher sales.

Roger Gilroy | Senior Reporter
October 29, 2020
Government, Business

Pelosi Wants ‘Big’ Health Care, Infrastructure Push in 2021

House Speaker Nancy Pelosi is preparing a 2021 legislative agenda with two “great, big initiatives” — expanding health care access and rebuilding American infrastructure — that are longtime Democratic priorities aligned with Joe Biden’s platform and taking on fresh urgency in the COVID-19 crisis.

Lisa Mascaro | Associated Press
October 29, 2020