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, Safety

House Democrats Unveil Five-Year Highway Policy Bill

A multiyear bill with the aim of enhancing funding and safety for freight and commuter programs was unveiled by House Democrats on June 3.

Eugene Mulero | Senior Reporter
June 3, 2020
Government, Business, Safety

‘Spotter’ in 2017 Staged Accidents in New Orleans Pleads Guilty

The sixth member of a New Orleans-area ring that has staged accidents with unsuspecting tractor-trailers has pleaded guilty for his role as a “spotter,” or untruthful witness.

Eric Miller | Senior Reporter
June 3, 2020
Government, Business

Survey: 2.76 Million Layoffs in May, Far Fewer Than Expected

U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.

Josh Boak | The Associated Press
June 3, 2020
Business, Technology, Equipment, Safety

TMCSuperTech Canceled; Fall Meeting Will Be Virtual

The Technology & Maintenance Council of American Trucking Associations has canceled its competitions geared toward truck technicians that were scheduled for September.

Eleanor Lamb | Staff Reporter
June 2, 2020
Government, Business, Logistics

American Farmers Can’t Wash Their Hands of All This Corn

American corn farmers are feeling better about their prospects with billions more in government aid and optimal growing conditions. There’s only one downer — demand.

June 2, 2020
Government, Business, Technology, Equipment

Ex-Navistar CEO Daniel Ustian, SEC Reach $500,000 Settlement

The U.S. Securities and Exchange Commission’s yearslong civil court fight with Daniel Ustian has ended with the former Navistar International CEO agreeing to a $500,000 civil penalty and a permanent ban from serving as an officer or director of a public company.

Eric Miller | Senior Reporter
June 2, 2020
Government, Business, Fuel

OPEC+ Edges Closer to Compromise to Extend Deepest Ever Cuts

OPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market, even as wrangling continued for a third day about whether to bring forward their next meeting.

June 2, 2020
Business, Technology, Equipment

Paccar Parts Opens Distribution Center in Las Vegas

Paccar Parts announced it opened a 250,000-square-foot parts distribution center in Las Vegas.

June 2, 2020
Government, Business, Logistics

Rise in Rail Shipments a Sign of Rebound in Canada

One of Canada’s railways is seeing signs the economy is slowly bouncing back from the coronavirus pandemic.

Jen Skerritt | Bloomberg News
June 2, 2020
Government, Business

Senate Panel to Meet for Infrastructure Discussion June 4

Senators on the committee responsible for highway policy are scheduled to meet June 4 to review infrastructure concerns with the mayor of Louisville, Ky., and other stakeholders.

Eugene Mulero | Senior Reporter
June 2, 2020