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

Pelosi Pushes New Aid Deal as GOP Resists Big Spending

House Speaker Nancy Pelosi pressed ahead May 5 with the next coronavirus aid, a sweeping $800 billion-plus package that is expected to be unveiled soon even as the House stays closed while the Senate reopens in the pandemic.

Lisa Mascaro | Associated Press
May 5, 2020
Business, Fuel

TA Reports Net Loss, Revenue Dip in Q1

TravelCenters of America reported a net loss and lower revenue in the first quarter as operations were limited by the novel coronavirus pandemic and unseasonably mild weather.

Roger Gilroy | Senior Reporter
May 5, 2020
Government, Business, Equipment

Allison Sees Q1 Net Income, Revenue Slip

Allison Transmission Holdings Inc. reported first-quarter net income and revenue slipped after a 19% decline in its largest market, North American on-highway.

Roger Gilroy | Senior Reporter
May 5, 2020
Business

Pickup Trucks Outsell Sedans in US for First Time

In all the years Chevy has sold Silverados and Ford trafficked in F-150s, few in Detroit ever dreamed the day would come that pickups would outsell passenger cars.

May 5, 2020
Business, Technology, Safety

Some Fleets Turn to Cameras to Help Mitigate Rising Insurance Costs

Many trucking companies have installed cameras in their vehicles as a way to coach drivers and avoid protracted litigation, but onboard video also can help address rising insurance costs in the transportation industry.

Hilary Daninhirsch | Special to Transport Topics
May 5, 2020
Government, Business, Safety

Detroit Automakers Look to Restart North America Plants May 18

Major U.S. automakers are planning to reopen North American factories within two weeks, potentially putting thousands of workers back on the assembly line as part of a gradual return to normality.

May 5, 2020
Government, Business

US Trade Plummeted in March With Record Drop in Exports

U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel.

Reade Pickert | Bloomberg News
May 5, 2020
Business, Technology, Equipment, Fuel

Tesla Delays First Deliveries of Electric Semi to 2021

Tesla Inc. pushed back first deliveries of its Semi commercial tractor into next year, making the truck two years behind its original schedule.

Jerry Hirsch | Contributing Writer
May 5, 2020
Business, Logistics, Top 50, Top 100

XPO Profits, Revenue Fall in Q1

First-quarter profits and revenue at XPO Logistics Inc. declined as the effects of the coronavirus pandemic took a toll on the less-than-truckload carrier and logistics company in March.

Jerry Hirsch | Contributing Writer
May 5, 2020
Government, Business, Fuel

Average Price of Diesel Falls Another 3.8ยข to $2.399 a Gallon

The national average price of diesel fuel continued its steady slide, falling 3.8 cents to $2.399 a gallon, the Energy Information Administration reported May 4.

Dan Ronan and Connor D. Wolf | Staff Reporters
May 4, 2020