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

Tesla Asked by N.Y. Assemblyman to Make Ventilators in State

A New York assemblyman has asked Elon Musk to make ventilators at Tesla Inc.’s state-subsidized solar factory, which may be unable to meet hiring goals because of a shutdown order.

March 24, 2020
Government, Business, Safety

$2.2 Trillion Stimulus Plan Aids Small Businesses, Families

The $2.2 trillion economic rescue plan advanced by Congress will target aspects of the supply chain and commercial transportation networks that are struggling after the coronavirus pandemic crippled much of the country’s economy.

Eugene Mulero | Senior Reporter
March 24, 2020
Business, Equipment, Safety

Paccar Recalls 35,671 Peterbilt Trucks for Fire Risk

Peterbilt Motor Co. is recalling 35,671 trucks to repair an issue with battery cables on certain models, according to a March 18 notice from the National Highway Traffic Safety Administration.

Connor D. Wolf | Staff Reporter
March 24, 2020
Business

GM’s Draw-Down Preserves Dividend, Signals Edge Over Ford

General Motors Co. joined Ford Motor Co. in tapping its credit lines to stock up on cash, but the bigger automaker is signaling superiority over its Detroit rival by leaving its dividend intact for now.

David Welch | Bloomberg News
March 24, 2020
Government, Business

FMCSA Grants Limited Exemptions for Expired CDLs, Medical Cards

The Federal Motor Carrier Safety Administration on March 24 issued a formal notice that it will not take enforcement action for certain expired commercial driver licenses, learner permits and medical certifications through June 30.

Eric Miller | Senior Reporter
March 24, 2020
Government, Business, Equipment, Breaking News

Tonnage Up 2.6% in February

Truck tonnage in February rose 2.6% when compared with year-ago levels, according to American Trucking Associations.

Dan Ronan | Senior Reporter
March 24, 2020
Business

Ford Helping GE Make Ventilators, 3M Manufacture Respirators

Ford Motor Co. is throwing its design and production prowess behind two other manufacturers’ efforts to build more ventilators and respirators for health care workers and first responders.

March 24, 2020
Business, Equipment

Paccar Suspends Worldwide Production

Paccar Inc. announced it will suspend truck and engine production at its factories worldwide from March 24 until April 6.

Roger Gilroy | Senior Reporter
March 24, 2020
Government, Business, TCA

FAA Eyes Places to Park Planes

The Federal Aviation Administration wants to know how much room the St. Louis Regional Airport has to park planes.

Jill Moon | The Telegraph
March 24, 2020
Business, Logistics

Truckers Bolstered by Demand Surge, but Shakeout Looms

U.S. trucking companies are riding a surge in cargo demand from consumers stockpiling basic goods, but it may not last long.

Thomas Black | Bloomberg News
March 24, 2020