Business
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.
Kansas Turnpike Authority Raises Bridges to Improve Truck Clearance
The Kansas Turnpike Authority is continuing the process of elevating bridges that pass over the turnpike to improve clearance for large freight vehicles.
Hub Group Posts Decrease in Q4, Full-Year Results
Hub Group reported a fourth quarter close to expectations that paled in comparison with the record-breaking results in 2018.
Trump’s $4.8 Trillion Budget Proposal Revisits Rejected Cuts, Addresses Infrastructure
President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.
Volvo Cars Owner Plots Merger That Puts Listing Back in Play
Volvo Cars owner Li Shufu set out to combine the Swedish carmaker he bought in 2010 with his Hong Kong-listed automobile unit to create a company with the scale to compete in a rapidly consolidating global market.
February 10, 2020Texas No Longer a Trailblazer for P3 Tolling
More than two years after Texas Republican Gov. Greg Abbott declared a moratorium on toll roads, a new report by a global research firm said the public-private tolling sector continues to decline in the state that was once a trailblazer for toll road P3 projects.
Georgia DOT to Expand Connected Vehicle Technology in Atlanta
The Georgia Department of Transportation plans to hear from the private sector about ways to use connected vehicle technology on roadways in the Atlanta metropolitan area.
Ghosn Faces Nissan in Dutch Court for First Time Since Escape
Carlos Ghosn’s lawyers faced off with Nissan Motor Co. in an Amsterdam court for the first time since the former executive’s dramatic escape from Tokyo last year.
Oil Holds Near $50 as OPEC+ Hesitates Despite Surplus
Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up.
Volkswagen Postpones Restart of China Joint Venture Production
Volkswagen AG has postponed the resumption of production at its China joint ventures in the latest sign of the coronavirus’ impact on economic activity.
2020 TMC Photo Gallery
Images from the 2020 Technology & Maintenance Conference at the Georgia World Congress Center in Atlanta, Feb. 23-27, 2020. (John Sommers II for Transport Topics)
February 7, 2020