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, Fuel, Autonomous

Tesla Inches Near Annual Goal With Record Sales in Quarter

Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales — making a difficult year-end sales goal slightly more attainable.

Dana Hull | Bloomberg News
October 2, 2020
Government, Business

US Jobs Rise Less Than Forecast as Economic Rebound Downshifts

U.S. job gains slowed in September and many Americans quit looking for work, suggesting the economic recovery is downshifting as the country struggles without a COVID-19 vaccine or fresh government aid.

October 2, 2020
Business, Equipment

Shyft Group Acquires Aluminum Truck-Body Maker F3 MFG

The Shyft Group has acquired aluminum truck body and accessory manufacturer F3 MFG Inc., it was announced Oct. 1.

October 1, 2020
Government, Business, Technology, Logistics

Shipping Industry Hit With Second Cyberattack in Week

The global shipping industry sustained a second cyberattack within a week that’s raising concern about disruptions to supply chains already straining to move goods heading into the usual peak season for consumer demand.

Brendan Murray | Bloomberg News
October 1, 2020
Business, Technology, Fuel, Logistics, Autonomous

Locomation, Wilson Logistics Partner to Deploy Autonomous Technology

Locomation announced it will equip a minimum of 1,120 trucks operated by Wilson Logistics so pairs can be deployed in what the technology company calls an autonomous relay convoy — describing it as the first fleet purchase order for autonomous technology.

Roger Gilroy | Senior Reporter
October 1, 2020
Government, Business, Safety

NHTSA Data Shows Slight Increase in Large-Truck Occupant Fatalities

The number of large-truck occupants who died in traffic crashes rose slightly in 2019, while overall traffic fatalities declined, according to NHTSA.

Eleanor Lamb | Staff Reporter
October 1, 2020
Government, Business, Safety

FAST Act’s Yearlong Extension Signed Into Law

The law governing the country’s transportation operations was extended for a year after President Donald Trump’s recent signing of a temporary funding measure that averts a shutdown of the federal government.

Eugene Mulero | Senior Reporter
October 1, 2020
Government, Business

Pelosi, Mnuchin Still Far Apart on Virus Stimulus Deal

U.S. House Speaker Nancy Pelosi told top Democrats Oct. 1 that she’s skeptical of getting a deal for a new economic stimulus in negotiations with Treasury Secretary Steven Mnuchin, according to two House Democratic officials.

Billy House and Erik Wasson | Bloomberg News
October 1, 2020
Business, Technology, Logistics, Top 100

Trucking Approaches Holiday Shipping Season ‘Unlike Any Seen Before’

An exceptionally busy holiday shipping season appears to be on the horizon, and with it comes concerns about capacity.

Connor D. Wolf | Staff Reporter
October 1, 2020
Business, Technology, Autonomous

Jim Farley Becomes New Ford CEO, Pledges Stronger Profit Margins

On his first day in Ford’s top job, CEO Jim Farley is replacing the company’s chief financial officer and announcing other structural and management changes.

Tom Krisher | Associated Press
October 1, 2020