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

Economic Concern Spreads in US Along With Coronavirus

Rick Cotton, executive director of the Port Authority of New York and New Jersey, is being treated for the coronavirus after testing positive, New York Gov. Andrew Cuomo announced March 9.

Dan Ronan | Senior Reporter
March 9, 2020
Business, Technology, Logistics, Autonomous

Autonomous Tech Company Locomation Signs Deal With Wilson Logistics

Autonomous-trucking technology provider Locomation and Wilson Logistics, a Springfield, Mo.-based trucking and transportation logistics company, have announced a multiyear partnership.

Dan Ronan | Senior Reporter
March 9, 2020
Government, Business, Safety

EPA Proposes Tougher Rules to Monitor Runoff at Transportation Facilities

The Environmental Protection Agency is seeking comments on proposed changes aimed at expanding and strengthening its permitting authority to regulate activities at motor freight transportation facilities, and other industrial sectors, that are often exposed to stormwater runoff.

Eric Miller | Senior Reporter
March 9, 2020
Government, Business, Fuel

Stocks, Oil Plunge Over Global Fight for Crude Production

BEIJING — Global stock markets and oil prices plunged March 9 after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak.

Joe McDonald | Associated Press
March 9, 2020
Government, Business, Fuel

Oil Demand to Drop This Year for First Time Since 2009, IEA Says

Global oil demand will decline this year for the first time since the 2009 financial crisis as the coronavirus slams the world economy.

Grant Smith | Bloomberg News
March 9, 2020
Business, Logistics

RGL Logistics Appoints New CEO, Chairman

RGL Logistics announced Joe Lemerond, senior vice president of transportation, will become the company’s CEO effective March 29.

March 9, 2020
Business, Technology, Equipment, Safety

Fleets Move Toward Predictive Maintenance to Prevent Breakdowns, Reduce Expenses

Predictive maintenance is still in its early stages, and questions about warranties and other issues must be answered before a widespread shift in industry practices can occur.

Steve Brawner | Contributing Writer
March 9, 2020
Government, Business, Logistics, TCA

Developers Revive Cold-Storage Facility Plans in Maine

A hotly anticipated plan for a waterfront cold-storage warehouse is back on the table in Portland, Maine.

Peter McGuire | Portland (Maine) Press Herald
March 6, 2020
Government, Business, Fuel

Trump’s Biofuel Plan Triggers Political Fallout in Farm Country

President Donald Trump’s decision to defend the U.S. government’s power to broadly exempt oil refineries from biofuel-blending requirements is triggering a backlash in Iowa and other states that are top producers of ethanol and the corn used to make it.

Jennifer A. Dlouhy | Bloomberg News
March 6, 2020
Business, Technology, Equipment, Fuel

DTNA Launches Second Program With Customers to Test Electric Trucks

Daimler Trucks North America announced six heavy-duty Freightliner eCascadias and two medium-duty eM2 106 all-electric trucks were included in the launch of its customer experience fleet initiative as part of its electric truck program.

March 6, 2020