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

Highway Bill Stuck in Limbo Amid Negotiations

Less than two months before the country’s current highway policy law expires, congressional leaders and the White House are plodding through negotiations on a new highway bill.

Eugene Mulero | Senior Reporter
August 12, 2020
Government, Business, Fuel

Diesel Increases 0.4¢ to $2.428 for First Increase in Four Weeks

The average price of diesel increased for the first time in four weeks, inching up four-tenths of a cent nationally to $2.428 per gallon on Aug. 10, according to the Energy Information Administration’s weekly report.

Roger Gilroy | Senior Reporter
August 12, 2020
Business

Stocks Briefly Erase Pandemic Losses; Oil Rallies

U.S. stocks briefly surpassed the all-time closing high reached before the coronavirus pandemic, propelled by surging technology shares. The dollar weakened, and Treasury yields rose to five-week highs.

August 12, 2020
Business, Equipment, Breaking News

Class 8 Sales Show Resurgence in July

U.S. Class 8 retail sales in July cleared 14,000 for the highest total since March, WardsAuto.com reported as the freight economy grew stronger.

Roger Gilroy | Senior Reporter
August 12, 2020
Business, Technology, Fuel

Commercial Trucks Pick Up Speed on Road to Sustainability

Commercial trucking is making progress with sustainability, but obstacles and unknowns remain, according to a coalition of industry groups.

Connor D. Wolf | Staff Reporter
August 12, 2020
Government, Business, Safety, Logistics

Labor Abuse Allegations Tie Up Ships in Australia Ports

Australian authorities detained at least two cargo ships for alleged labor violations related to demands from seafarers to be sent home, some of whom have spent more than a year at sea.

August 12, 2020
Government, Business, Safety

Planning Group Launches Truck Parking Survey for Phoenix Region

An organization representing the Phoenix metropolitan area is conducting a study of truck parking issues in the region.

Eleanor Lamb | Staff Reporter
August 12, 2020
Government, Business, Technology

Uber CEO Threatens Future Shutdown in California Over Labor Law

Dara Khosrowshahi, CEO of Uber Technologies Inc., threatened to temporarily shut down service in California if it loses a drawn-out fight over a state law seeking to reclassify contractors as employees.

Lizette Chapman | Bloomberg News
August 12, 2020
Government, Business, Safety, Logistics

Planning Expert Emphasizes Health Considerations in Public Policy

Public agencies at all levels of government, including the ones related to transportation, should incorporate health considerations into policy decisions, a planning expert said.

Eleanor Lamb | Staff Reporter
August 12, 2020
Business, Technology, Fuel

Hyperion to Unveil Hydrogen-Powered Supercar, but Needs Investors

With little more than sketches and not fully baked prototypes, a crowd of electric vehicle startups have rounded up billions from investors. Can that fundraising engine drive a hydrogen-powered car?

Kyle Stock | Bloomberg News
August 12, 2020