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, Logistics, Top 50, Top 100

FedEx Joins UPS, USPS in Adding Fees as Holiday Delivery Surge Looms

FedEx Corp. is joining a rush to apply extra holiday fees on high-volume shippers as couriers brace for a new jump in residential deliveries during the year-end peak season.

Thomas Black | Bloomberg News
August 18, 2020
Government, Business, Logistics

US Housing Starts Surge by Most Since 2016, Permits Climb

U.S. home construction starts increased in July by more than forecast and applications to build surged by the most in three decades, indicating builders are responding to robust housing demand fueled by record-low interest rates.

Reade Pickert | Bloomberg News
August 18, 2020
Government, Business, Fuel

Average Price of Diesel Stays Essentially Flat at $2.427 a Gallon

The price of diesel remained essentially flat the past week, dipping one-tenth of a cent to $2.427 a gallon, the Energy Information Administration reported Aug. 17.

Dan Ronan | Senior Reporter
August 17, 2020
Government, Business, Fuel

US Approves Oil, Gas Leasing Plan for Alaska Wildlife Refuge

The Trump administration on Aug. 17 took another step to opening Alaska’s Arctic National Wildlife Refuge to drilling for oil and gas, potentially fulfilling a decadeslong dream for Republicans.

Mark Thiessen | Associated Press
August 17, 2020
Government, Business, Technology, Safety, Autonomous

Minnesota, Missouri, Ohio, Wisconsin DOTs Win AASHTO Awards

Transportation projects in four Midwestern states recently received awards from the American Association of State Highway and Transportation Officials.

Eleanor Lamb | Staff Reporter
August 17, 2020
Business, Technology, Fuel, Autonomous

Tesla Extends Rally With Market Value Nearing Consumer Giant P&G

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

Esha Dey | Bloomberg News
August 17, 2020
Government, Business

DeFazio Calls for Ouster of Postmaster General Louis DeJoy

Rep. Peter DeFazio, chairman of the U.S. House of Representatives’ transportation panel, is among the elected officials calling on the head of the country’s Postal Service to step down.

Eugene Mulero | Senior Reporter
August 17, 2020
Business, Equipment, Logistics

Jennifer Polli to Step Down as Trac Intermodal CEO

Trac Intermodal on Aug. 17 announced that President and CEO Jennifer Polli is leaving the company and will be succeeded by Daniel Walsh, formerly of XPO Logistics.

Dan Ronan | Senior Reporter
August 17, 2020
Government, Business, Technology

Uber Seeks Court Reprieve After California Shutdown Threat

Uber Technologies Inc. joined Lyft Inc. in asking an appeals court for an extended reprieve on converting California drivers to employees after both companies warned that a rapid overhaul of their business models may force them to suspend operations in their home state.

Clare Roth | Bloomberg News
August 17, 2020
Business, Equipment, Fuel, Logistics, Top 50, Top 100

Black Horse Carriers Joins Penske’s Electric Vehicle Program

Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.

August 17, 2020