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

COVID-19 Will Exacerbate Rural Transportation Funding Needs, TRIP Finds

Rural transportation needs face a significant funding deficit that will be compounded by the coronavirus pandemic’s blow to state revenue sources, according to a recent report from The Road Information Program.

Eleanor Lamb | Staff Reporter
May 12, 2020
Government, Business, Fuel

Diesel Prices Show Signs of Leveling Off After Significant Declines

The average price of a gallon of diesel fuel fell only half a penny nationwide to $2.394 from $2.399 the previous week, according to the Energy Information Administration's weekly report May 11.

Dan Ronan | Senior Reporter
May 11, 2020
Government, Business

California Trucking Association Continues Fight Against AB 5

The California Trucking Association continues to lay the legal groundwork to block the state from enforcing a law aimed at reclassifying owner-operators as motor carrier employees.

Eric Miller | Senior Reporter
May 11, 2020
Government, Business, Technology, Safety

Musk Says Tesla Poised to Defy California County, Reopen Car Plant

Elon Musk said Tesla Inc. is flouting the California county that has blocked its efforts to reopen its only U.S. car plant by restarting production at the facility.

May 11, 2020
Government, Business, Safety

Airlines Balance Fewer Flights, Travelers Seeking Social Distance

U.S. airlines are grappling with one outcome of the deep schedule cuts they’ve made in response to near-zero travel demand: Many of the flights that remain are starting to fill up, complicating social distancing guidelines and angering some passengers.

May 11, 2020
Business, Technology, Fuel

Dana Hires Hong Yang for Electric Vehicle Systems Post

Dana Inc. announced Hong Yang joined the company as senior director of electric vehicle systems engineering for its commercial vehicle drive and motion business unit.

May 11, 2020
Business

Biggest US Car Dealer Declares Recovery Underway

AutoNation Inc., the biggest car dealership chain in the U.S., said consumers’ desire to travel again and do so in their own personal space is driving the industry’s rebound from the coronavirus pandemic.

Gabrielle Coppola | Bloomberg News
May 11, 2020
Government, Business, Technology, Fuel

Electric Truck Integration Poses Challenges for Fleets, Study Shows

Many fleets are looking to integrate electric trucks into their operations but are stymied by a series of obstacles that will slow the shift from diesel vehicles.

Jerry Hirsch | Contributing Writer
May 11, 2020
Government, Business, Fuel

Saudi Arabia Cuts Oil Output Again

Saudi Arabia announced a surprise move to slash oil output to the lowest point in 18 years as it tries to spur the recovery from an energy crisis that has devastated the kingdom’s finances.

Javier Blas | Bloomberg News
May 11, 2020
Government, Business

Harvesters Struggle to Recruit Foreign Crews During Pandemic

Kansas harvester Mike Keimig is growing increasingly anxious about whether the foreign seasonal workers he needs to run his nine combines and drive his grain trucks will arrive in time for the start of the winter wheat harvest, which is just weeks away.

Roxana Hegeman | Associated Press
May 11, 2020