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, Technology, Autonomous

Self-Driving Startups Work Through Health Crisis

Just like the rest of the industry, trucking companies working to commercialize autonomous heavy-duty trucks are adapting to the uncertainties and disruptions caused by the coronavirus.

Roger Gilroy | Senior Reporter
April 28, 2020
Government, Business, Safety, Logistics

Trump to Sign Order to Keep Meat Processing Plants Open

President Donald Trump will sign an executive order April 28 meant to stave off a shortage of chicken, pork and other meat on American supermarket shelves because of the coronavirus.

Jill Colvin | Associated Press
April 28, 2020
Business, Technology

Truckstop.com Taps Brad Bedoe to Be Chief Marketing Officer

Truckstop.com hired Brad Bedoe to fill the newly created position of chief marketing officer, the company announced April 28.

April 28, 2020
Government, Business, Equipment

Excise Tax Relief Would Benefit Trucking, ATA’s Chris Spear Says

Federal policymakers crafting additional ways to restore economic stability amid the COVID-19 pandemic should consider suspending a World War I-era federal excise tax on the sale of new trucks and trailers, a coalition of freight stakeholders said April 28.

Eugene Mulero | Senior Reporter
April 28, 2020
Government, Business, Safety

FMCSA Reviews Seizure Policy

The Federal Motor Carrier Safety Administration is reviewing the agency’s current seizure medical policy with an eye toward possibly eliminating a requirement that truck drivers with the condition request a special exemption from the agency.

Eric Miller | Senior Reporter
April 28, 2020
Business, Logistics

America’s Mass Hog Cull Begins With Meat to Rot in Landfills

The mass culling of America’s hog herd is starting as a wave of shutdowns at processing plants creates livestock gluts that farmers can no longer sustain.

April 28, 2020
Business, Technology, Equipment

Cummins Q1 Net Income, Revenue Fall

Cummins Inc. reported first-quarter net income and revenue fell as key domestic and global markets weakened as the novel coronavirus spread.

Roger Gilroy | Senior Reporter
April 28, 2020
Business, Technology, Fuel

Electric-Vehicle Charging Startup Amply Power Secures $13.2 Million

Startup Amply Power has raised $13.2 million from investors including Soros Fund Management to advance the company’s electric-vehicle charging service for commercial fleets.

William Mathis | Bloomberg News
April 28, 2020
Business, Equipment

Yokohama, Continental Resume Tire Production

Two tire manufacturers that had suspended production due to the COVID-19 crisis have restarted their factories.

Jerry Hirsch | Contributing Writer
April 28, 2020
Business, Fuel

Oil Swings After Major Index Bails Out of June Contract

Oil resumed losses after a brief bounce higher amid the aftershocks of a major index tracked by billions of dollars in funds exiting near-term contracts for fear prices may turn negative again.

Olivia Raimonde | Bloomberg News
April 28, 2020