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, Safety

Yokohama, Continental Suspend Production of New Tires

Two more manufacturers have idled production of new tires amid the nationwide economic slowdown brought on by the coronavirus.

Jerry Hirsch | Contributing Writer
March 27, 2020
Government, Business

EPA Temporarily Suspends Enforcement of Environmental Rules

The Environmental Protection Agency has announced it is temporarily suspending enforcement of its environmental rules, saying it will “generally not seek stipulated or other penalties for noncompliance” during the COVID-19 outbreak.

Eric Miller | Senior Reporter
March 27, 2020
Business, Technology, Equipment, Safety, Fuel, Autonomous

TuSimple, ZF Pair to Develop Technology for Autonomous Trucks

Autonomous driving company TuSimple has reached a deal with German vehicle components maker ZF Friedrichshafen to develop and commercialize technology for autonomous trucks.

Jerry Hirsch | Contributing Writer
March 27, 2020
Government, Business, Safety

Trucking Stakeholders Offer Suggestions to FMCSA for Large-Truck Crash Study

Trucking industry trade groups and other stakeholders have made a variety of suggestions to federal trucking regulators about how they should design and conduct a new major study to identify factors contributing to reportable large-truck crashes.

Eric Miller | Senior Reporter
March 27, 2020
Government, Business, Safety, Logistics

California Agency Approves $2.6 Billion for Multimodal Improvements

The California Transportation Commission recently approved $2.6 billion in funding for multimodal improvement projects.

Eleanor Lamb | Staff Reporter
March 27, 2020
Government, Business

Toyota Shifts Factories to Face Shields, Will Help Device Makers

Toyota Motor Corp.’s idled manufacturing facilities in the U.S. will make much-needed face shields and masks, and the Japanese automaker is closing in on deals with medical-device makers to help them boost production.

Chester Dawson | Bloomberg News
March 27, 2020
Business, Top 50, Top 100, TCA

FedEx Ground to Close Pennsylvania Facility, Cutting 186 Jobs

FedEx Ground will be shutting down its package delivery facility in Clinton, Pa., on May 16, eliminating 186 jobs.

Patricia Sabatini | Pittsburgh Post-Gazette
March 27, 2020
Government, Business, Fuel

Canadian Crude Now Costs More to Ship Than to Buy

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.

Robert Tuttle | Bloomberg News
March 27, 2020
Business, Technology, Equipment

Kicking the Tires Becoming Obsolete as Truck Auctions Shift to Online Sales

The big auction houses increasingly are turning to digital sales to move used heavy-duty trucks.

Jerry Hirsch | Contributing Writer
March 27, 2020
Government, Business

Record Number of Workers File for Unemployment Benefits

A record 3.3 million Americans filed for unemployment benefits after the coronavirus outbreak forced the shutdown of major industries, small businesses and gig workers.

Dan Ronan | Senior Reporter
March 26, 2020