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, Fuel

Diesel Average Nudges Up to $2.395 a Gallon for First Gain in Six Weeks

The national average price of diesel increased for the first time in six weeks, inching up eight-tenths of a cent to $2.395 a gallon, according to weekly data released by the Energy Information Administration on Oct. 13.

Dan Ronan | Senior Reporter
October 13, 2020
Government, Business, Technology, Equipment

2020 MCE Photo Gallery

Photos from American Trucking Associations' 2020 Management Conference & Exhibition, held virtually Oct. 19-23 and 26-28, 2020, due to the coronavirus pandemic.

October 13, 2020
Business, Safety

Nearly 1,000 Boeing Plane Orders Are Lost or in Doubt

Boeing Co. is nearing 1,000 scrapped or impaired jetliner orders this year, failing to notch any sales in September, as the long 737 Max grounding and the coronavirus pandemic extended their toll.

Julie Johnsson | Bloomberg News
October 13, 2020
Business, Equipment

September Medium-Duty Sales Flat

Classes 4-7 U.S. retail sales were flat in September compared with a year earlier, reaching 20,268, steadied by a 36.4% gain in the Classes 4-5 segment

Roger Gilroy | Senior Reporter
October 13, 2020
Government, Business, Technology, Safety

Rep. Rodney Davis Introduces Highway Funding Measure

Legislation meant to provide federal financial relief for state transportation agencies was introduced this month in Congress.

Eugene Mulero | Senior Reporter
October 13, 2020
Business, Logistics

Amazon’s Prime Day Steals Rivals’ Black Friday Spotlight

Amazon.com Inc.’s two-day Prime Day sale kicked off on Oct. 13 and is expected to give the world’s largest e-commerce company an early advantage over brick-and-mortar rivals still contending with pandemic-spooked consumers wary of battling Black Friday crowds.

October 13, 2020
Government, Business, Logistics

Trucking Industry Economy Outpaces US Economy as Capacity Tightens

Trucking is providing one of the few bright spots to the flagging U.S. economy as tight capacity and a driver shortage push contract and spot rates higher across vans, flatbeds and refrigerated trucks.

Dan Ronan | Senior Reporter
October 13, 2020
Government, Business

Trump, Republicans Divided on Stimulus as Pelosi Demands Revamp

Prospects for U.S. fiscal stimulus before Election Day dimmed on Oct. 13, with House Speaker Nancy Pelosi demanding the White House revamp its latest offer and Senate Republican leader Mitch McConnell pushing a smaller-scale strategy that Pelosi quickly rejected.

Billy House | Bloomberg News
October 13, 2020
Business, Logistics

Maersk Raises Outlook as Shipping Giant Sees Demand Rebound

A.P. Moller-Maersk A/S raised its full-year guidance amid a surprise recovery in demand and sweeping efforts to cut costs.

Frances Schwartzkopff | Bloomberg News
October 13, 2020
Business, Equipment, Breaking News

September Class 8 Sales Highest for the Year

U.S. Class 8 retail sales in September climbed above 19,000 to the highest point of the year, but were down nearly 33% compared with year-ago levels.

Roger Gilroy | Senior Reporter
October 13, 2020