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, Breaking News

Navistar Appoints Persio Lisboa as New CEO

Navistar International announced that Persio Lisboa will replace Troy Clarke as president and CEO, effective July 1.

Joe Howard | Executive Editor
June 26, 2020
Business, Technology, Safety

Swift Transportation Deploys SmartDrive Across Fleet

SmartDrive is deploying its video-based safety program across Swift Transportation’s entire fleet, the company announced June 16.

June 25, 2020
Business, Equipment

Dorsey Intermodal Announces New Line of Chassis

Dorsey Intermodal is launching a new line of chassis for marine and domestic use, the company announced June 22.

June 25, 2020
Government, Business, Fuel, Logistics

Oil Rises on Russian Export Cuts, Offsets Virus Demand Jitters

Oil prices rose after Russia slashed exports of its flagship crude Urals to the lowest in at least 10 years, signaling the determination of Moscow to work with its partners at OPEC+ to eliminate an oil glut.

Hailey Waller | Bloomberg News
June 25, 2020
Government, Business, Safety

Economy Recovering, but Experts Fear Rise in Coronavirus Cases

Experts are warning that signs of improvement in the U.S. economy could give way to another round of contractions as coronavirus cases increase in certain states.

Dan Ronan | Senior Reporter
June 25, 2020
Government, Business

House Plans Consideration of $1.5 Trillion Infrastructure Bill

House Democrats plan to schedule a vote before July 4 on a comprehensive infrastructure measure that aims to modernize freight corridors, reduce traffic congestion and promote climate change resilience infrastructure.

Eugene Mulero | Senior Reporter
June 25, 2020
Government, Business, Technology, Fuel

Lordstown Motors Debuts Electric Truck as Market Heats Up

The company that bought the aging Lordstown, Ohio, auto factory from General Motors last year unveiled an electric pickup truck it plans to build at the plant, one of many new electric light-trucks manufacturers plan to start selling over the next two years.

Jerry Hirsch | Contributing Writer
June 25, 2020
Government, Business, Safety

House Panel Approves Amendment to Raise Minimum Liability Insurance for Carriers to $2 Million

A measure that would increase from $750,000 to $2 million the minimum liability insurance requirement for commercial motor vehicles was approved by a House panel and included in a recent highway funding bill.

Eric Miller | Senior Reporter
June 25, 2020
Business, Technology, Equipment, Autonomous

Tesla Plans Battery Facility in California After Threat to Move

Tesla Inc. is planning to expand a battery-research facility in the San Francisco Bay Area.

Joe Ryan | Bloomberg News
June 25, 2020
Government, Business, Logistics

US May Exports Sink to 11-Year Low as Imports Drop

U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains.

Elizabeth Dexheimer | Bloomberg News
June 25, 2020