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, Fuel

Oil Rises on Signs US Crude Stockpiles Fell for a Sixth Week

Oil rose on signs a glut was easing with U.S. crude stockpiles shrinking for a sixth week.

September 2, 2020
Government, Business, Technology, Logistics

GM CEO Mary Barra to Meet With Ivanka Trump at Job Training Site

General Motors Co. CEO Mary Barra will meet Sept. 2 with President Donald Trump’s daughter and adviser, Ivanka Trump, who is scheduled to tour the automaker’s training center north of Detroit.

David Welch | Bloomberg News
September 2, 2020
Government, Business, Safety, Breaking News

Southeastern Motor Freight Files RICO Lawsuit in La. Staged Accidents Case

A New Orleans motor carrier has filed a federal Racketeer Influenced and Corrupt Organizations Act civil lawsuit against a New Orleans attorney and two convicted participants in a pair of staged accidents with tractor-trailers in 2017.

Eric Miller | Senior Reporter
September 1, 2020
Business, Technology, Logistics

Amazon’s Whole Foods Opens Delivery-Only Facility in Brooklyn

Whole Foods Market on Sept. 1 opened a location in Brooklyn that it’s calling a store — except shoppers won’t be welcome to walk the aisles.

Matt Day | Bloomberg News
September 1, 2020
Government, Business

Illinois DOT Projects Aim to Bolster Peoria

Leading Illinois officials recently announced that a slew of infrastructure projects is underway in the Peoria area, which is an important hub for the manufacturing industry.

Eleanor Lamb | Staff Reporter
September 1, 2020
Government, Business, Logistics

Global Trade Seen Rebounding Faster Now Than Post-2008 Recession

Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to Germany’s Kiel Institute for the World Economy.

Catherine Bosley | Bloomberg News
September 1, 2020
Business, Equipment, Fuel

Shale Loses Another Global Giant After Schlumberger’s Frack Sale

Schlumberger has become the biggest oil service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs.

David Wethe | Bloomberg News
September 1, 2020
Government, Business, Technology, Safety

Proposed Hair Testing Rule Forwarded to Federal Register

A proposed rule authorizing the use of hair samples to test truck drivers and other federal workers has been forwarded to the Federal Register for publication soon, the chairman of a federal drug testing advisory board said Sept. 1.

Eric Miller | Senior Reporter
September 1, 2020
Government, Business, Equipment, Logistics

Manufacturing Expands at Fastest Pace Since Late 2018

U.S. manufacturing expanded in August at the fastest pace since late 2018, powered by growth in new orders that are a bright spot in an otherwise struggling economy.

Katia Dmitrieva | Bloomberg News
September 1, 2020
Business, Equipment, TCA

Robert Mercer, Former Goodyear CEO, Dies at 96

Robert E. Mercer, a former chairman and CEO of the Goodyear Tire & Rubber Co., died Aug. 28 at the age of 96.

Robin Goist | The Plain Dealer (Cleveland)
September 1, 2020