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, Top 100

Trucking Companies Reaffirm Commitment to Diversity

Trucking companies are taking steps to expand and reaffirm their commitment to a diversified workforce, and to promote trucking as an inclusive industry.

Connor D. Wolf | Staff Reporter
August 5, 2020
Government, Business, Technology, Autonomous

Anthony Levandowski Sentenced to 18 Months in Prison

Autonomous driving engineer Anthony Levandowski was ordered to spend 18 months in prison for stealing trade secrets from Google as he defected to Uber Technologies Inc., in one of the highest-profile criminal cases to hit Silicon Valley.

Joel Rosenblatt | Bloomberg News
August 4, 2020
Business

Daimler Appoints Rainer Müller-Finkeldei to SVP Post

Daimler Trucks North America appointed Rainer Müller-Finkeldei senior vice president of engineering and technology.

Roger Gilroy | Senior Reporter
August 4, 2020
Business

Oil Jumps as Lebanon Explosion Signals Geopolitical Instability

Oil extended its rally and hit a two-week high after an explosion at Lebanon’s main port rocked the capital Beirut, pointing to geopolitical instability in the region.

Andres Guerra Luz | Bloomberg News
August 4, 2020
Government, Business, Safety

Tropical Storm Isaias Drives Wild Weather Up Interstate 95

WINDSOR, N.C. — Tropical Storm Isaias spawned tornadoes and dumped rain along the U.S. East Coast on Aug. 4 after making landfall as a hurricane in North Carolina, where it smashed boats together and caused floods and fires that displaced dozens of people. At least two people were killed when one of its twisters hit a mobile home park.

August 4, 2020
Business, Fuel, Top 100

Wilks Brothers Swoop In With Competing Offer for Calfrac

Wilks Brothers has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd. and criticized management’s deal as favoring insiders.

Paula Sambo | Bloomberg News
August 4, 2020
Business, Equipment, Safety

Meritor Reaches Brake Shoe Production Milestone

Meritor Inc. recently produced its 100 millionth brake shoe at its Plainfield, Ind., manufacturing facility.

August 4, 2020
Government, Business, Technology, Safety, Autonomous

Senate Panel to Consider USDOT IG Nominee Eric Soskin

President Donald Trump’s nominee to lead the U.S. Department of Transportation’s internal watchdog division is scheduled to appear before a Senate panel Aug. 6.

Eugene Mulero | Senior Reporter
August 4, 2020
Business, Technology, Equipment

Eaton Posts Q2 Operating Loss in Vehicle Unit

Power management company Eaton Corp. reported sharp drops in net income and revenue in the second quarter as the novel coronavirus pandemic cut vehicle production at key customers.

Roger Gilroy | Senior Reporter
August 4, 2020
Business, Fuel

Shale Driller Sells Gas Fields for Fraction of Purchase Price

Range Resources Corp. is selling its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller.

Joe Carroll | Bloomberg News
August 4, 2020