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, Technology, Logistics

Digital Freight Marketplace Emerge Gains $20 Million Investment

Digital freight marketplace Emerge closed out an early stage of financing with $20 million in investments, it was announced Feb. 4.

Connor D. Wolf | Staff Reporter
February 4, 2020
Business, Equipment

Lower Cummins Q4 Results Follow Declines in Key Markets

Independent engine maker Cummins Inc. reported declines in net income and revenue in the fourth quarter amid downturns in key global markets.

Roger Gilroy | Senior Reporter
February 4, 2020
Business, Technology, Logistics, Perspective

Perspective: Solving the Reverse Logistics Puzzle

Reverse logistics provides ample opportunities for third-party logistics providers to streamline the process and ensure sustainable practices, says Erik Caldwell of XPO Logistics.

Erik Caldwell | Chief Operating Officer, Supply Chain, XPO Logistics Inc.
February 4, 2020
Business, Logistics, TCA

Amazon Leases Large New Warehouse Near Dallas

Amazon .com Inc. is expanding its North Texas distribution footprint again with another big warehouse lease.

Steve Brown | The Dallas Morning News
February 4, 2020
Government, Business, Technology

FAA to Begin Certification Process for Civilian, Delivery Drones

Government regulators plan to review drone designs in the same way they review other aircraft, a major step toward allowing routine drone deliveries and other flights over congested cities.

Alan Levin | Bloomberg News
February 4, 2020
Government, Business, Safety

Hyundai Halts South Korea Output as Coronavirus Causes Parts Shortage

Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.

Kyunghee Park | Bloomberg News
February 4, 2020
Business, Technology, Equipment

Goodyear Introduces New Truck Tire Management System

Goodyear Tire & Rubber Co. announced Feb. 3 a new tire management system for commercial fleets that combines tire monitoring and service capabilities, as well as new tire sizes.

Connor D. Wolf | Staff Reporter
February 4, 2020
Business

Saia Q4 Earnings Dip as It Funds Rapid Expansion

Saia Inc. saw profits dip in the fourth quarter even though revenue continues to grow at a healthy pace.

Jerry Hirsch | Contributing Writer
February 3, 2020
Government, Business, Equipment, Fuel

Diesel Falls 5.4¢ to $2.956 Per Gallon

The U.S. average retail price of diesel fell 5.4 cents to $2.956 a gallon, the Department of Energy reported Feb. 3.

Roger Gilroy | Senior Reporter
February 3, 2020
Government, Business, Safety

Colorado Infrastructure Receives C- on Latest ASCE Report Card

Colorado’s infrastructure earned a C-minus on its recent report card from the American Society of Civil Engineers.

Eleanor Lamb | Staff Reporter
February 3, 2020