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

Port Association Critical of Proposed Funding Cuts

American Association of Port Authorities is criticizing President Donald Trump’s fiscal 2021 budget because of what the association says are the cuts to funding for the nation’s ports.

Dan Ronan | Senior Reporter
February 18, 2020
Government, Business, Equipment, Fuel, Breaking News

January Tonnage Up 0.8% Compared to 2019

Truck tonnage on a seasonally adjusted basis rose 0.8% in January compared with year-ago levels, according to American Trucking Associations’ For-Hire Truck Tonnage Index, which was released Feb. 18.

Dan Ronan | Senior Reporter
February 18, 2020
Business, Equipment

January Medium-Duty Sales Mixed

Medium-duty sales in January dropped 10.4% compared with a year earlier, but were saved from a more severe overall decline by strong gains in the lighter two classes as sales in Classes 6-7 slumped, WardsAuto .com reported.

Roger Gilroy | Senior Reporter
February 18, 2020
Business, Technology, Equipment, Safety

Technological Disruptions Bring Risk for Fleets

A systemwide update to GPS technology last year gave the trucking industry and other sectors a glimpse into how large-scale technological malfunctions can cause broad-based problems for businesses, but small-scale issues can be just as disruptive, experts said.

Connor D. Wolf | Staff Reporter
February 18, 2020
Business, Logistics

Amazon Cuts Ties With Couriers, Costing Jobs

Amazon .com Inc. is severing ties with small delivery firms around the country — putting at least 1,300 drivers out of work — in an effort to eliminate partners that aren’t meeting its standards.

Spencer Soper and Matt Day | Bloomberg News
February 18, 2020
Government, Business, Logistics

WTO: Slump in Global Goods Trade to Deepen With Coronavirus

Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization.

Brendan Murray | Bloomberg News
February 18, 2020
Government, Business

CN Railroad Halts Operations as Pipeline Protests Spread

Canada’s largest railroad, the Canadian National Railway, is beginning a progressive and orderly shutdown of its eastern Canadian rail network, which effectively will stop all of its cross-country freight trains.

Dan Ronan | Senior Reporter
February 18, 2020
Government, Business, Logistics

Thousands of Frozen Meat Containers Pile Up at Chinese Ports

Thousands of containers of frozen pork, chicken and beef are piling up at some major Chinese ports as transport disruptions and labor shortages slow operations, people familiar with the matter said.

February 18, 2020
Business, Equipment

Truck Dealers Remain Resilient, but Must Plan for Future, ATD Leaders Say

LAS VEGAS — Commercial truck dealers have shown resilience as equipment sales have cooled this year, but at the same time, these businesses must prepare for the rise of new technologies and other challenges, industry leaders said at the American Truck Dealers’ annual ATD Show.

Seth Clevenger | Managing Editor, Features and Multimedia
February 18, 2020
Business, Equipment

Sun State International CEO Oscar Horton Named ATD’s 2020 Truck Dealer of the Year

LAS VEGAS — Oscar Horton, CEO of Sun State International Trucks in Tampa, Fla., was selected by American Truck Dealers as the winner of its 2020 Truck Dealer of the Year award.

Seth Clevenger | Managing Editor, Features and Multimedia
February 18, 2020