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

New Life Adds UBLights to Product Line

New Life Transport Parts Center has added the UBLights product line as a cost-effective alternative to its existing lighting and safety portfolio, available through its distribution network.

May 4, 2020
Business

Automakers Avoid Disaster With 0% Financing

Zero-percent auto financing deals hit a record last month as carmakers kept the U.S. auto market from collapsing.

May 1, 2020
Government, Business, Safety

Mississippi DOT Starts Work on Highway Construction Project

The Mississippi Department of Transportation recently began a construction project to extend state Route 76 as part of a regional highway development effort.

Eleanor Lamb | Staff Reporter
May 1, 2020
Business

U.S. Steel Foreshadows Blue-Collar Pain With 2,700 Layoffs

U.S. Steel Corp. expects to lay off about 2,700 employees as the virus forces the company to idle most of its blast furnaces.

Joe Deaux | Bloomberg News
May 1, 2020
Business

Universal Logistics Reports Revenue Increases, but Net Income Falls in Q1

Universal Logistics Holdings saw revenue increase but net income decline during a first quarter marked by what its leader described as a “deteriorating operating environment caused largely by the COVID-19 pandemic.”

Connor D. Wolf | Staff Reporter
May 1, 2020
Government, Business, Technology, Safety

Railroads on Track to Meet PTC Deadline, GAO Reports

A sense of optimism about the ability to fully implement automatic braking systems prior to a Dec. 31 deadline is shared by the country’s rail operators, according to a new report by the Government Accountability Office.

Eugene Mulero | Senior Reporter
May 1, 2020
Business, Logistics, Top 100

Forward Air Reports $342.5 Million Revenue for Q1

Forward Air Corp. posted increased revenue but narrower net income for the first quarter of 2020, the company reported.

Connor D. Wolf | Staff Reporter
May 1, 2020
Government, Business, Breaking News

FMCSA Adopts Crash Accountability Program

The Federal Motor Carrier Safety Administration on May 1 announced that effective immediately it is making permanent a pilot program that will not count a crash in which a motor carrier was not at fault when calculating the carrier’s safety measurement profile. It also is expanding the types of crashes that may be considered.

Eric Miller | Senior Reporter
May 1, 2020
Business

TravelCenters of America Reorganizes, Names Chief Information Officer

TravelCenters of America Inc. announced a companywide reorganization intended to improve operational efficiency and profitability, including the appointment of Sandy Rapp as chief information officer.

Roger Gilroy | Senior Reporter
May 1, 2020
Government, Business

Manufacturing Falls in April as Virus Ravages Economy

WASHINGTON — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak.

May 1, 2020