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, Logistics, Top 100

Atlas Logistics Acquires TopHat Logistical Solutions

Atlas Logistics acquired full-service logistics company TopHat Logistical Solutions in a deal announced Feb. 19.

February 21, 2020
Business, Logistics

Walmart Loses Another Home-Delivery Provider Amid Amazon Clash

Walmart Inc. is parting ways with grocery-delivery partner Skipcart, the latest defection from its network of logistics companies that often struggle to make ends meet schlepping cola and cantaloupes for the nation’s biggest food retailer.

Matthew Boyle | Bloomberg News
February 21, 2020
Business

Experts: Fleets Can Boost Recruiting by Supporting Student Drivers, Veterans

NASHVILLE, Tenn. — Truck driving students and military veterans are two key pipelines for bolstering the industry’s driver workforce, but fleets must take proper steps to effectively attract and support them, experts said.

Seth Clevenger | Managing Editor, Features and Multimedia
February 21, 2020
Business, Equipment

Deere Surges Most Since 2016 on Surprise Growth in Farm Recovery

Machinery giant Deere & Co. delivered an unexpected increase in earnings and maintained its annual outlook as early signs of stabilization in the U.S. farm sector offset a slowdown in construction. Shares rose the most in three years.

Laura Yin | Bloomberg News
February 21, 2020
Government, Business

DOT Issues Compliance Notice Cautioning Truck Drivers About CBD Products

The Department of Transportation has issued a compliance notice warning truck drivers and other safety-sensitive transportation workers about the potential mislabeling of hemp-derived products that could contain illegal levels of marijuana that might test positive in a DOT drug test.

Eric Miller | Senior Reporter
February 21, 2020
Government, Business, Logistics

Veteran CEO Says Global Shipping’s ‘Perfect Storm’ to Pass

The global shipping industry has run into very rough waters in 2020 as the virus crisis that has engulfed China and roiled commodity markets added to headwinds from a seasonal slowdown and poor weather. One chief executive who oversees a fleet of 55 vessels says there’ll be a comeback.

Krystal Chia | Bloomberg News
February 21, 2020
Business, Equipment, Safety

Kia Recalls SUVS, Vans on Electrical Problem That Can Cause Fires

Kia is joining its affiliate Hyundai in recalling thousands of vehicles in the U.S. because water can get into a brake computer, cause an electrical short and possibly a fire.

Tom Krisher | Associated Press
February 21, 2020
Business

Truck Drivers Say Good Recruiting Starts With Realistic, Honest Approach

NASHVILLE, Tenn. — Professional truck drivers advised recruiters to be realistic and honest as they develop relationships with prospective hires.

Eleanor Lamb | Staff Reporter
February 20, 2020
Business, Logistics

Infinity Transportation Logistics Is Now Infinity Intermodal

Infinity Transportation Logistics has changed its name to Infinity Intermodal, the company announced Feb. 19.

February 20, 2020
Government, Business

Cuomo Blasts US ‘Extortion’ for Delay on NYC Congestion Fees

New York Gov. Andrew Cuomo said a program charging motorists congestion-pricing fees to enter Manhattan may be delayed indefinitely because the federal government has been slow to approve it.

Henry Goldman | Bloomberg News
February 20, 2020