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, Safety

FAA Spells Out Design Changes Needed in Grounded Boeing Jet

Federal regulators on Aug. 3 outlined a list of design changes they will require in the Boeing 737 Max to fix safety issues that were discovered after two deadly crashes that led to the worldwide grounding of the plane.

David Koenig | Associated Press
August 4, 2020
Government, Business, Technology, Autonomous

DOT Funds Four New University Transportation Centers

The U.S. Department of Transportation announced $4.9 million in funding has been awarded to support four new University Transportation Centers.

Eleanor Lamb | Staff Reporter
August 4, 2020
Government, Business, Top 100

YRC Posts Q2 Declines

Losses at YRC Worldwide Inc. widened in the second quarter amid the economic fallout of the COVID-19 pandemic, but the company said federal loans it received under coronavirus relief efforts will help position it to emerge healthier from the downturn.

Jerry Hirsch | Contributing Writer
August 4, 2020
Business, Technology

Ford to Promote Farley to CEO After Hackett’s Failed Turnaround Bid

Ford Motor Co. will promote Jim Farley to CEO on Oct. 1 to replace Jim Hackett, who has elected to retire after his three-year bid to turn around the automaker failed to gain traction.

Keith Naughton | Bloomberg News
August 4, 2020
Government, Business, Fuel

Average Price of Diesel Continues to Linger in $2.40s

Diesel fell for the third consecutive week, by three-tenths of a cent to $2.424 a gallon.

Dan Ronan | Senior Reporter
August 3, 2020
Government, Business, Fuel

Oil Rises With Signs of Economic Recovery Buoying Demand

Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.

Andres Guerra Luz | Bloomberg News
August 3, 2020
Business, Technology, Equipment

HDMA President, COO Tim Kraus Plans to Retire

Heavy Duty Manufacturers Association President Tim Kraus plans to retire early next year, the organization announced Aug. 3.

Connor D. Wolf | Staff Reporter
August 3, 2020
Government, Business, Safety, Logistics

Smithfield Goes On Defensive Over COVID-19 Response

Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.

August 3, 2020
Government, Business

GM Alleges Fiat Chrysler Spent Millions to Bribe UAW Leaders

General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union and GM officials.

Tom Krisher and Ed White | Associated Press
August 3, 2020
Business, Logistics, Top 100

Patriot Transportation Posts Net Profit on Lower Revenue for Fiscal Q3

Patriot Transportation Holding posted an increase in net income on declining revenue for its fiscal third quarter, the company reported July 29.

Connor D. Wolf | Staff Reporter
August 3, 2020