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, Logistics

China to Speed US Farm Purchases After Secretive Hawaii Talks

China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week.

June 19, 2020
Government, Business, Fuel

US Slaps Sanctions on Mexican Companies Helping Venezuelan Oil

The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country.

Lucia Kassai | Bloomberg News
June 19, 2020
Business, Equipment, Safety

May Trailer Orders Fall to Second-Worst Level Ever

U.S. trailer orders in May sank to the second-lowest level of all time as they struggled to clear 3,000 in another month of strong cancellations, ACT Research reported.

Roger Gilroy | Senior Reporter
June 19, 2020
Government, Business, Technology, Fuel

House Policymakers Consider Multiyear Highway Bill

The Transportation and Infrastructure Committee in the U.S. House continued to debate a five-year, $494 billion highway policy bill on June 18, a day after kicking off the measure’s consideration.

Eugene Mulero | Senior Reporter
June 18, 2020
Government, Business

House Democrats Pitch $1.5 Trillion in Infrastructure Spending

House Democrats on June 18 pitched a $1.5 trillion plan to rebuild the nation’s infrastructure and urged President Donald Trump to immediately engage in negotiations on how to pay for it.

Erik Wasson | Bloomberg News
June 18, 2020
Business, Logistics

Werner CEO Looks Back at Founder’s Legacy

Werner Enterprises CEO Derek Leathers in an exclusive interview with Transport Topics discussed how the principles established by company founder Clarence L. Werner — who plans to step down as chairman of the board next year — remain the foundation of how the company operates.

Connor D. Wolf | Staff Reporter
June 18, 2020
Government, Business, Safety

DOT Unveils Newest INFRA Grant Recipients

The U.S. Department of Transportation has announced the recipients of $906 million in Infrastructure For Rebuilding America grants.

Eleanor Lamb | Staff Reporter
June 18, 2020
Business, Technology, Safety, Autonomous

Ford Takes on Tesla With Hands-Free Driving for Electric Mustang

Ford Motor Co. plans to install a hands-free driving system on its electric Mustang Mach-E model coming later this year as it attempts to muscle in on the high-tech turf now dominated by Tesla Inc.

Keith Naughton | Bloomberg News
June 18, 2020
Government, Business, Technology

Tesla Homes In on Austin, Texas, for Cybertruck Site

Tesla Inc. is zeroing in on an area in southeast Austin, Texas, for the electric-car maker’s second U.S. auto factory as Elon Musk prepares to choose a site for its production base of a new pickup truck.

Dana Hull | Bloomberg News
June 18, 2020
Government, Business

1.5 Million More Laid-Off Workers Seek Unemployment Benefits

About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work.

Christopher Rugaber | Associated Press
June 18, 2020