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

Xtra Lease Orders 4,000 New Trailers for Delivery This Year

Xtra Lease, a provider of semi-trailer rentals and leases, has ordered 4,000 new trailers for 2020.

June 1, 2020
Government, Business, Safety

Michigan DOT Assesses Needs, Starts Repairs After Extensive Flooding

The Michigan Department of Transportation is in the process of assessing and restoring infrastructure after severe flooding swallowed roads and bridges in the east-central portion of the state.

Eleanor Lamb | Staff Reporter
June 1, 2020
Government, Business, Fuel

Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain Rally

OPEC+ and its allies will decide as soon as this week whether to extend their historic output curbs, yet how long and to what extent global production curtailments remain in place will be crucial to sustaining crude’s rally after a record rebound last month.

June 1, 2020
Business, Technology, Equipment

Aperia Offers Predictive Analysis for Tires With No Money Down

Aperia Technologies Inc., a supplier of tire management offerings, announced its Pro+ program is intended to make it easier for fleets to secure tech support for their businesses during the COVID-19 pandemic without upfront costs.

June 1, 2020
Business, Equipment

Survey: US Factories Sink in May for Third Straight Month

American factories contracted for the third straight month in May as they continued to sustain economic damage from the coronavirus pandemic.

Paul Wiseman | Associated Press
June 1, 2020
Government, Business, Technology, Fuel

Electreon Wireless Presses Ahead With Projects to Electrify Roads

Electreon Wireless is pressing ahead with projects to test its technology that allows electric cars to be charged while driving, potentially demonstrating a way to overcome a key barrier to the mass adoption of the vehicles.

Yaacov Benmeleh | Bloomberg News
June 1, 2020
Government, Business

Trump Moves to Revoke Hong Kong Trade Status, Stoking China Rift

President Donald Trump intensified his confrontation with China, vowing to punish the country for the coronavirus pandemic and taking steps to curb Hong Kong’s autonomy by ending the territory’s special trade status with the U.S. and denying visas to Chinese officials.

May 29, 2020
Business, Technology, Fuel

Vnomics Expands Fuel Optimization Solution to Telematics Systems

Vnomics Corp. is expanding its fuel-optimization product offerings to fleets with telematics systems, the company announced May 27.

May 29, 2020
Government, Business, Fuel

Saudi Oil Flood to China Persists Despite Historic Cuts

An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.

Brian Wingfield | Bloomberg News
May 29, 2020
Business, Equipment

European Auto Industry Buckling Up for at Least 35,000 Job Cuts

The extent of the devastation wrought on the European car industry by the coronavirus pandemic came into sharp focus May 29 when a sampling of major vehicle and parts manufacturers from France to Sweden revealed plans for at least 35,000 job cuts.

Tara Patel | Bloomberg News
May 29, 2020