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

Illinois Leaders Unveil $21.3 Billion Infrastructure Plan

Illinois Gov. Jay “J.B.” Pritzker recently announced a $21.3 billion plan to improve roads and bridges throughout the state.

Eleanor Lamb | Staff Reporter
July 27, 2020
Business, Equipment

Mack Launches Initial Production of New Medium-Duty Models

Mack Trucks reported initial production of its MD Series of medium-duty trucks has begun at its Roanoke Valley Operations facility in Salem, Va.

July 27, 2020
Business, Logistics

Union Pacific Posts Profit, Revenue Declines in Q2

Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.

Dan Ronan | Senior Reporter
July 27, 2020
Government, Business, Safety, Logistics

World’s Supply Chain May Not Be Ready for COVID-19 Vaccine

The industries that shepherd goods around the world on ships and planes acknowledge they aren’t ready to handle the challenges of shipping an eventual COVID-19 vaccine from drugmakers to billions of people.

July 27, 2020
Government, Business, Equipment

Orders for Big-Ticket Manufactured Goods Jump 7.3% in June

Orders for big-ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the coronavirus pandemic.

Martin Crutsinger | Associated Press
July 27, 2020
Business, Technology, Equipment

Trailer-Tracking Unit Furthers VHub Telematics Integration

Digital asset-sharing platform vHub announced that its integration of telematics offerings now includes the TrackLight taillamp GPS trailer-tracking solution from Anytrek and the 4W Telematics trailer tracking system.

July 27, 2020
Business

CSX Earnings Slump in Q2 Amid COVID-19 Pandemic

CSX Corp. became the latest Class I freight railroad to report lower earnings because of the COVID-19 pandemic when it reported second-quarter results July 22.

Dan Ronan | Senior Reporter
July 27, 2020
Business

Mullen Reports Decline in Q2 Net Income

Mullen Group Ltd. posted a second-quarter profit, albeit at a lower level than a year earlier, as it benefited from e-commerce shipments even as the motor carrier’s sales to the energy industry declined.

Jerry Hirsch | Contributing Writer
July 24, 2020
Business, Technology, Equipment, Fuel

Ryder Offers Workhorse Electric Step Van

Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.

July 24, 2020
Business, Technology, Equipment

Penske to Add Another Freightliner eM2 in Southern California

Penske Truck Leasing announced it is working with EnerSys to put another battery-electric, medium-duty Freightliner eM2 into service.

July 24, 2020