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

Canadian Minister Sees Progress on Rail Blockades

Canadian Prime Minister Justin Trudeau’s public safety minister said police are withdrawing from the First Nation protest site at heart of demonstrations that have paralyzed Canada’s railways.

February 20, 2020
Business

First Impressions, Earning Drivers’ Trust Key to Recruiting, Expert Says

NASHVILLE, Tenn. — The condition of the truck a new hire is assigned to makes an important impression on that driver, according to Scott Dismuke, director of agents for the Professional Driver Agency.

Eleanor Lamb | Staff Reporter
February 20, 2020
Business, Technology, Fuel, Autonomous

Kenworth, Meritor Partner on Electric Heavy-Duty Trucks

Kenworth Truck Co., a unit of Paccar Inc., announced it will collaborate with Meritor Inc. on electric powertrain development for its T680E model Class 8 battery-electric vehicles.

February 20, 2020
Government, Business, Safety

Top Congressional Republicans Press for Action on Highway Bill

Congress resumes its legislative agenda amid recent calls from Republican leaders on the transportation committees for passage of a highway bill meant to update a law expiring in seven months.

Eugene Mulero | Senior Reporter
February 20, 2020
Business, Equipment

January Trailer Orders Down 43% Year-Over-Year

Net trailer orders in the United States for January underscored that caution remains a central factor in fleets’ equipment purchasing plans, as orders sank to the lowest total of any January in 10 years, ACT reported.

Roger Gilroy | Senior Reporter
February 20, 2020
Government, Business, Technology, Safety

Officials: Progress Continues on ELD Enforcement, Proposed HOS Changes

LAS VEGAS — Enforcement of the federal electronic logging device mandate is progressing, and regulators are working to finalize a proposal to add flexibility to driver hours-of-service rules, government and industry officials said.

Seth Clevenger | Managing Editor, Features and Multimedia
February 20, 2020
Business

VW to Start Search for New CFO

Volkswagen AG Chief Financial Officer Frank Witter is set to leave by the middle of next year after the carmaker agreed not to extend his contract by the customary five-year period, according to people familiar with the matter.

Christoph Rauwald | Bloomberg News
February 20, 2020
Business, Logistics

Maersk CEO Soren Skou Predicts ‘Sharp’ Rebound After Coronavirus Peaks

A.P. Moller-Maersk A/S, the world’s largest container shipping company, is positioning itself for a strong rebound in two months, based on an expectation that the fallout of the coronavirus on global trade may soon peak.

Christian Wienberg | Bloomberg News
February 20, 2020
Government, Business, TCA

Connecticut Gov. Ned Lamont Hits Pause on Trucks-Only Toll Vote

Gov. Ned Lamont has called for a pause on the vote for trucks-only tolls in Connecticut after repeated delays from lawmakers to convene for a vote.

Eleanor Lamb | Staff Reporter
February 20, 2020
Government, Business, Safety

FMCSA Mulls Petition to Ease Requirements for Deaf Truck Drivers

Federal trucking regulators are reviewing a petition filed by the National Association of the Deaf seeking to relax requirements for deaf truck and bus drivers.

Eric Miller | Senior Reporter
February 20, 2020