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, Logistics

Spot Rates Show Signs of Stabilizing as Economy Slides Into Recession

Research from companies that track trucking data suggests that while the spot rate market amid the COVID-19 crisis may be settling, the long-term effects of this steadying could be good for the industry.

Dan Ronan | Senior Reporter
April 6, 2020
Government, Business, Safety, Fuel

Virus Will Take Toll on State Transportation Revenue, Experts Say

Experts indicate the coronavirus pandemic will have a significant negative effect on state revenue, including funding that supports transportation projects.

Eleanor Lamb | Staff Reporter
April 6, 2020
Business, Equipment

Hendrickson Adds to Front Steer Axles

Hendrickson Truck Commercial Vehicle Systems announced the expansion of its Steertek NXT portfolio of fabricated front steer axles to include 10,000- and 12,000-pound capacities.

April 6, 2020
Government, Business, Fuel

VW Used Defeat Devices in Diesel Engines, UK High Court Rules

A court in the United Kingdom ruled that Volkswagen AG used a so-called defeat device to help its diesel vehicles beat emissions tests, a decision that allows 91,000 customers to proceed with a class action against the carmaker.

Karin Matussek | Bloomberg News
April 6, 2020
Business, Technology, Equipment, Fuel

Options Expand for Trailer Aerodynamics

Many trucking companies add various aerodynamic systems to their trailers to boost fuel economy, but how much fuel can these products truly save in real-world operating conditions?

Stephen Bennett | Special to Transport Topics
April 6, 2020
Business, Technology

Stoneridge Names James Zizelman President of Control Devices Division

Stoneridge Inc., a supplier of engineered electrical and electronic components for the commercial vehicle and automotive industry, named James Zizelman president of the control devices division.

April 6, 2020
Business, Safety

Instructional Technologies Offers Free Course on COVID-19 Safety

Instructional Technologies Inc., a provider of training solutions for the transportation industry, announced it is offering a free course for drivers on COVID-19 safety.

April 6, 2020
Government, Business

Pelosi Pulls Back on Infrastructure in ‘Phase Four’ Stimulus

House Speaker Nancy Pelosi scaled back her ambitions for Congress’ next coronavirus stimulus package to focus on additional direct payments to individuals and expanded loans to businesses, possibly leaving an $800 billion infrastructure plan and other Democratic priorities for a later bill. (With video)

April 3, 2020
Government, Business, Safety, Logistics

DOT Ready to Help Truckers as They Support Country, Elaine Chao Says

Transportation Secretary Elaine Chao told Transport Topics during an exclusive interview that her agency stands ready to build on the actions it already has taken to help trucking support the country through the coronavirus crisis.

Joe Howard | Executive Editor
April 3, 2020
Government, Business, Safety

Colorado DOT to Expand Truck Parking at Two Rest Areas

The Colorado Department of Transportation is conducting a project to expand truck parking availability at two rest areas.

Eleanor Lamb | Staff Reporter
April 3, 2020