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, Technology, Equipment, Fuel

NACFE 'Run on Less Regional' Results Prompt Feedback, Analysis

Industry feedback aimed at a report on regional trucking called for additional attention to the complexity of managing aerodynamic equipment in that operational environment, and generated new assumptions on the length of haul.

Roger Gilroy | Senior Reporter
June 24, 2020
Government, Business, Safety

Americans Are Avoiding Stores Again in New Virus Hot Spots

While evidence of a virus-sparked consumer pullback is largely anecdotal for now, it would be a setback for a U.S. economy that has just started to perk up, with retail sales jumping to a record in May.

June 24, 2020
Business, Technology, Safety, Logistics, Autonomous

Starsky Robotics Founder Discusses Future of Autonomous Trucking

Automated technology developers are shooting for the moon when they could instead be implementing ground-level initiatives in trucking, the founder of Starsky Robotics says.

Jerry Hirsch | Contributing Writer
June 24, 2020
Government, Business, Safety

Nuclear Jury Awards Against Truckers on the Rise, ATRI Study Shows

In the past five years there were nearly 300 court cases resulting in jury verdicts over $1 million against trucking fleets, according to a new American Transportation Research Institute analysis made public on June 23.

Eric Miller | Senior Reporter
June 24, 2020
Government, Business, Safety

IMF Downgrades Outlook for Global Economy in Face of Virus

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago.

Martin Crutsinger | Associated Press
June 24, 2020
Government, Business, Technology, Autonomous

Groups Seek Panel’s Action on FCC Transportation Spectrum Proposal

Several transportation groups are calling on a Senate panel to direct the Federal Communications Commission to reconsider its proposal to shift a portion of auto safety airwaves for broadband uses.

Eugene Mulero | Senior Reporter
June 23, 2020
Government, Business, Logistics

Discount Airline Group Presses for Extension of US Assistance

Smaller U.S. airlines are likely to need more government aid amid an uncertain travel recovery, according to a trade group that represents discounters such as Spirit Airlines Inc., Frontier Airlines and Allegiant Travel Co.

June 23, 2020
Government, Business, Safety

Small Businesses Mull Job Cuts After Aid Runs Out

At least 1 in 10 small businesses in the U.S. are expecting to lay off workers once their fiscal relief funds run out, according to a new survey.

Katia Dmitrieva | Bloomberg News
June 23, 2020
Business

Volvo Financial Services Names Patrick Shannon President of North America Region

Volvo Financial Services, a unit of Volvo Group, appointed Patrick Shannon president of the company’s North America region.

June 23, 2020
Business, Technology, Equipment, Fuel

Thermo King Launches Advancer Series

Thermo King announced the launch of the Advancer series, which it called “a re-imagining” of the trailer refrigeration unit.

June 23, 2020