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, Equipment

Home Construction Jumps 17.3% in June

Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring’s massive slowdown in building activity due to the coronavirus outbreak.

Matt Ott | Associated Press
July 17, 2020
Business, Technology, Equipment, Safety

Demand for Virtual Training Accelerates During Pandemic

The pandemic is accelerating the transition to virtual learning for truck technicians, and the industry might never turn back.

Katie Pyzyk | Special to Transport Topics
July 17, 2020
Business, Equipment

Medium-Duty Market Rebounding Amid Virus Concerns

The medium-duty truck market has partially rebounded from the first months of the COVID-19 pandemic, and what happens next, analysts say, depends on the virus itself.

Steve Brawner | Special to Transport Topics
July 17, 2020
Business, Technology, Equipment

VTNA Remains Aggressive on Future Despite Uncertainties

Volvo Trucks North America presented a business review, recapped two recently upgraded models and noted what it is doing at its customer center to stay connected amid social distancing and travel restrictions.

Roger Gilroy | Senior Reporter
July 16, 2020
Government, Business

Senate GOP to Focus on Schools, Jobs in COVID-19 Stimulus

The Senate’s next round of stimulus funding related to the coronavirus pandemic is likely to assist with education and boost the workforce, the chamber’s leader indicated.

Eugene Mulero | Senior Reporter
July 16, 2020
Government, Business, Fuel

Oil Slips as Looming OPEC Supply Surge Adds to Demand Woes

Oil snapped its two-day rally amid a weaker demand outlook underscored by the OPEC+ alliance’s decision to taper production cuts and U.S. economic data signaling a slowing recovery in the labor market.

Andres Guerra Luz | Bloomberg News
July 16, 2020
Government, Business, Safety

Study: Training Helps Younger Drivers Stay as Safe as Those Retiring

A study commissioned by FMCSA found "no safety-based reason not to use younger drivers" to help fill the void left by retiring older drivers.

Eric Miller | Senior Reporter
July 16, 2020
Government, Business, Logistics

Barr Says US Overly Reliant on Chinese Goods, Services

The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney General William Barr said July 16.

Eric Tucker | Associated Press
July 16, 2020
Business, Technology

Convoy Unveils Service Targeting Owner-Operators, Small Fleets

Convoy introduced a dedicated freight service that aims to provide more work for owner-operators and small fleets.

Connor D. Wolf | Staff Reporter
July 16, 2020
Business, Logistics

Americans Take Up New Eating Habits, Forcing Farms to Raze Crops

Americans have rapidly changed the ways they buy, cook and eat food in just four months, leaving everyone from farmers to restaurants unable to match their pivot.

July 16, 2020