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, Safety

New Jersey DOT Awards $30.1 Million for Local Freight Routes

The New Jersey Department of Transportation announced that $30.1 million has been awarded to counties and municipalities for projects meant to help facilitate large-truck traffic.

Eleanor Lamb | Staff Reporter
March 19, 2020
Government, Business, Safety, TCA

Tesla to Slash Workers Showing Up at Fremont Plant By Three-Quarters

Tesla, the Bay Area’s largest manufacturer, has greatly reduced the number of workers coming to its Fremont, Calif., assembly plant, though it’s not clear if the cutbacks put it in full compliance with health orders Alameda County and five other Bay Area counties imposed Monday to stem the spread of the coronavirus.

Chase DiFeliciantonio | San Francisco Chronicle
March 19, 2020
Business, Safety

Automakers Shut North American Plants Outright Over COVID-19 Fears

Concerns about the spreading coronavirus forced most of North America’s auto plants to close, at least temporarily.

Tom Krisher | Associated Press
March 19, 2020
Government, Business, Safety

Senate Clears Second Coronavirus Emergency Bill

The Senate on March 18 cleared for President Donald Trump a multibillion-dollar aid package targeting individuals affected by the coronavirus disease, known as COVID-19.

Eugene Mulero | Senior Reporter
March 18, 2020
Government, Business, Safety

FMCSA Issues Expanded HOS Emergency Declaration

The Federal Motor Carrier Safety Administration on March 18 issued an expanded national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency supplies in response to the coronavirus outbreak.

Eric Miller | Senior Reporter
March 18, 2020
Government, Business

Stocks Drop as Recession Fears Take Hold; Dow Loses 1,300

After a brutal few weeks, the Dow has now lost nearly all of its gains since President Donald Trump’s inauguration.

March 18, 2020
Government, Business

Multiple Hits to Economy Likely to Trigger Recession, Analysis Shows

The U.S. economy amid the COVID-19 crisis is suffering under the weight of multiple factors, including lower consumer spending, falling business investment and global travel bans, according to a report from S&P Global Economics.

Jerry Hirsch | Contributing Writer
March 18, 2020
Business, Fuel

Oil Floating-Storage Trade Is a Go After Crude’s Latest Tumble

The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 recession when millions of barrels were kept on the world’s oceans.

March 18, 2020
Business, Logistics

DHL Highlights Top Trends for Packaging

The biggest emerging trends in packaging are stemming from e-commerce, customer interaction, the in-store experience and sustainability, according to DHL Supply Chain.

Connor D. Wolf | Staff Reporter
March 18, 2020
Business, Technology, Equipment, Safety

Averitt Announces New Safety, Efficiency Initiatives

Averitt Express in a pair of news releases has announced initiatives aimed at improving the safety of its drivers and the efficiency of its deliveries.

Connor D. Wolf | Staff Reporter
March 18, 2020