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, Logistics

Manufacturing Bounces Back in June on Reopenings

U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic.

Matt Ott | Associated Press
July 1, 2020
Government, Business, Technology, Fuel

Will CARB, EPA ‘Harmonize’ Their NOx Standards?

California regulators already have issued a proposal aimed at lowering oxides of nitrogen and particulate matter emissions for new trucks built beginning in 2024, but federal regulators are still working to craft a separate nationwide low-NOx and PM proposal scheduled to take effect in 2027.

Eric Miller | Senior Reporter
July 1, 2020
Government, Business, Equipment, Safety, Fuel

House Climate Change Plan Tackles Heavy-Duty Equipment at Ports

House Democrats say Congress should increase funding for programs at EPA and the Department of Energy to reduce emissions from equipment at ports.

Eugene Mulero | Senior Reporter
July 1, 2020
Business, Logistics

Commodity Freighters Are Shrugging Off COVID-19 — For Now

The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question.

Firat Kayakiran | Bloomberg News
July 1, 2020
Government, Business, Fuel, Logistics

OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand

OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again.

Grant Smith and Julian Lee | Bloomberg News
July 1, 2020
Government, Business

Safety Groups, Teamsters Petition FMCSA to Reconsider HOS Final Rule

A group of safety organizations and the International Brotherhood of Teamsters have filed a petition for the Federal Motor Carrier Safety Administration to reconsider the final rule on changes to hours-of-service regulations soon to take effect.

Eleanor Lamb | Staff Reporter
July 1, 2020
Business, Logistics, Top 50, Top 100

FedEx Posts Loss in Q4, Shows Improvement From Year Ago

FedEx said its fourth-quarter net income was a loss of $334 million, or negative $1.28 a share, compared with a loss of $1.97 billion, or negative $7.56 a share, in the 2019 period.

Dan Ronan | Senior Reporter
July 1, 2020
Government, Business, Safety

ASCE Report: COVID-19 Compounds Infrastructure Woes

The COVID-19 pandemic is negatively impacting the nation’s already blighted infrastructure sectors, according to a recent status report from the American Society of Civil Engineers.

Eleanor Lamb | Staff Reporter
July 1, 2020
Government, Business, Safety

Report: Boeing Fell Short in Disclosing Key Changes to Max

A government report says Boeing did not give regulators documents about changes it made in a key system blamed in two deadly crashes of its 737 Max jet, and that officials responsible for approving the plane did not know how powerfully the system could push the plane’s nose down.

David Koenig | Associated Press
July 1, 2020
Business, Technology, Fuel

Tesla China Plant Might Have Come to the Rescue Last Quarter

Tesla Inc. endured a roughly seven-week shutdown of its most important car plant in the world last quarter, but its brand-new backup factory may have saved the day.

Dana Hull | Bloomberg News
July 1, 2020