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

Telematics Industry Starts 2020 With Major Investment, Acquisition

Technology companies that specialize in trucking-related services made two announcements that may significantly impact the industry.

Dan Ronan | Senior Reporter
January 10, 2020
Business, TCA

Big Rigs Wanted for Massachusetts Driver’s Funeral

SOMERSET, Mass. — Annette Jones is calling for a fleet of big rigs to drive her beloved late husband into the sunset one last time.

Deborah Allard | The Herald News (Fall River, Mass.)
January 10, 2020
Business, Equipment

Optronics Acquires USA Harness

Commercial vehicle LED lighting supplier Optronics International has completed its acquisition of Texas-based USA Harness Inc., which sells trailer harnesses and electronic control systems.

January 10, 2020
Business, Equipment, TCA

Two Fiat Chrysler Plants Will Idle for Two Weeks Amid Slow Sales

Fiat Chrysler Automobiles NV’s assembly plants in Windsor, Ontario, and Belvidere, Ill., will idle for two weeks this month following a year of declining sales for the minivans and SUVs built in those plants.

Breana Noble | The Detroit News
January 10, 2020
Business, Equipment, TCA

Mack to Lay Off 305 at Pennsylvania Assembly Plant

Mack Trucks plans to lay off 305 employees at the end of February at its Lower Macungie Township, Pa., assembly plant as the manufacturer adjusts to lower market demand for heavy-duty trucks.

Jon Harris | The Morning Call (Allentown, Pa.)
January 10, 2020
Government, Business, Fuel

Oil Set for Biggest Weekly Loss Since July as Mideast Risk Eases

Oil is headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying fears of disruption to Middle East energy supplies.

Sharon Cho and Grant Smith | Bloomberg News
January 10, 2020
Government, Business, Fuel

US Adds 145,000 Jobs; Unemployment Holds at 3.5%

WASHINGTON — U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors.

Josh Boak | The Associated Press
January 10, 2020
Government, Business, Technology, Equipment, Fuel

Mack Unveils LR Electric Model for New York City Department of Sanitation

ALLENTOWN, Pa. — Mack Trucks on Jan. 9 unveiled its new LR Electric sanitation truck, a Class 8 vehicle it hopes will populate New York City’s fleet.

Jim Stinson | Staff Reporter
January 9, 2020
Business

Smaller Share of US Small Businesses Unable to Fill Positions

U.S. small businesses found it a little easier to fill jobs in December, consistent with a moderating, yet still-robust, labor market, National Federation of Independent Business data showed Jan. 9.

Reade Pickert | Bloomberg News
January 9, 2020
Government, Business, Equipment, TCA

Port of Monroe to Buy Crane With $1.1 Million Grant

Federal grant money has been awarded to fund equipment upgrades and training geared toward attracting more cargo to the Port of Monroe in Michigan.

Tyler Eagle | Monroe (Mich.) News
January 9, 2020