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, Equipment

Class 8 Orders Rise 23.2% in June

North American Class 8 orders in June approached replacement levels and reached the second-highest volume of the year.

Roger Gilroy | Senior Reporter
July 9, 2020
Government, Business, Safety

Driver’s Untreated Sleep Apnea Contributed to 2018 Fatal Crash, NTSB Says

A National Transportation Safety Board investigation concluded that lack of a “robust medical certification evaluation process” on the federal level to identify and treat commercial drivers at high risk for obstructive sleep apnea was one of three safety issues that contributed to a fatal, multivehicle heavy truck-involved crash in 2018.

Eric Miller | Senior Reporter
July 9, 2020
Government, Business

Utah Trucker Already Under Indictment Faces New Fraud Charges

A Utah trucking company owner already under federal indictment for his participation in a “pay-to-play” scheme has been charged with lying on a federal loan application to secure a $210,000 COVID-19 small business loan under the federal Paycheck Protection Program.

Eric Miller | Senior Reporter
July 9, 2020
Business, Technology, Autonomous

Musk Says Tesla Is ‘Very Close’ to Developing Fully Autonomous Vehicles

Tesla Inc.’s Elon Musk said the carmaker is on the verge of developing technology to render its vehicles fully capable of driving themselves, repeating a claim he has made for years but been unable to achieve.

July 9, 2020
Government, Business

Layoffs Stuck at High Level as 1.3 Million Seek Jobless Aid

More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.

Christopher Rugaber | Associated Press
July 9, 2020
Business, Top 100

Interactive Map: Where the 2020 Top 100 For-Hire Carriers Are in North America

Find out where the carriers are by regions in North America.

July 9, 2020
Government, Business

United Air Says 36,000 US Jobs at Risk Once Aid Ends

United Airlines Holdings Inc. notified 36,000 employees, or 45% of its U.S. workforce, that their jobs are at risk after federal payroll aid expires at the end of September.

Justin Bachman | Bloomberg News
July 8, 2020
Government, Business, Safety

Transportation Funding Bill Would Increase FMCSA Budget

FMCSA would receive $881 million for operations during the next fiscal year under legislation a House panel approved July 8.

Eugene Mulero | Senior Reporter
July 8, 2020
Government, Business, Fuel

Energy Transfer Says It Won’t Shut Dakota Access Despite Ruling

Energy Transfer LP said it’s not making any moves to empty its Dakota Access oil pipeline after a judge July 6 ordered the conduit shut while a more robust environmental review is conducted.

Simon Casey | Bloomberg News
July 8, 2020
Government, Business, Logistics

What a Manufacturing Shift Away From China Could Mean for Trucking

How will U.S. trucking be affected if certain businesses move out of China and into other parts of Asia or even to North America?

Connor D. Wolf | Staff Reporter
July 8, 2020