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

US Senate Advances Spending Bill to Avert Oct. 1 Shutdown

The Senate on Sept. 29 voted 82-6 to clear a procedural vote on the stopgap spending bill needed to prevent an Oct. 1 shutdown of the federal government.

Erik Wasson | Bloomberg News
September 30, 2020
Business, Logistics, Top 100

Coronavirus Accelerates Logistics Sector Innovations

The DHL Logistics Trend Radar report looked at trends that could reshape logistics in the future, and are particularly focused on technology.

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

Nikola Postpones Forum Where Electric Pickup Was to Debut

Nikola Corp. is rescheduling its in-person Nikola World conference, where it was planning to show its electric pickup truck, as the company regroups in the wake of a stock sell-off and the departure of its chairman.

Ed Ludlow | Bloomberg News
September 30, 2020
Business, Equipment

CVG Updates Progress on Key Initiatives, Markets

Diversified supplier Commercial Vehicle Group Inc. reported it is making progress on key objectives as it moves beyond earlier earnings “misstatements."

Roger Gilroy | Senior Reporter
September 30, 2020
Government, Business

Mnuchin Sees One More Chance for Stimulus as House Readies Vote

Treasury Secretary Steven Mnuchin said he sees one more chance at securing a deal with Democrats on another fiscal stimulus package, while stopping short of embracing a bigger proposal than President Donald Trump already has signaled.

Erik Wasson and Billy House | Bloomberg News
September 30, 2020
Government, Business

749,000 Jobs Were Added in September, ADP Report Shows

U.S. companies added 749,000 jobs in September, a private report showed, indicating the labor market’s gradual rebound is continuing as demand rises from the depths of the coronavirus pandemic.

Olivia Rockeman | Bloomberg News
September 30, 2020
Government, Business, Safety

Los Angeles Continues to Study Congestion Pricing’s Potential

The Los Angeles County Metropolitan Transportation Authority is proceeding with outreach efforts as it explores the potential of a congestion pricing pilot program for the region.

Eleanor Lamb | Staff Reporter
September 30, 2020
Government, Business

Labor Department Seeks to Clarify Independent Contractor Status

The U.S. Department of Labor has issued a proposal to revise interpretation of independent contractor status under the Fair Labor Standards Act to “promote certainty for stakeholders, reduce litigation and encourage innovation in the economy.”

Eric Miller | Senior Reporter
September 30, 2020
Business, Logistics

Radiant Posts Gain, Hits Record Revenue in Fiscal Q4

Radiant Logistics Inc. posted slightly higher net income as well as record revenue for the fiscal fourth quarter ended June 30.

Connor D. Wolf | Staff Reporter
September 29, 2020
Business, Technology, Equipment

Western Star Introduces 49X Heavy-Duty Vocational Model

Daimler Trucks North America announced its new Western Star 49X model designed to increase the brand’s share in the heavy-duty vocational market.

Roger Gilroy | Senior Reporter
September 29, 2020