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, Equipment, Safety, Autonomous, TCA

Qualcomm Moves Toward Self-Driving Vehicle Tech

SAN DIEGO — After years of supplying Bluetooth and cellular connectivity to automakers, Qualcomm is pivoting toward safety with its new Snapdragon Ride platform, which aims to bring advanced driver assistance features such as automated parking, lane monitoring and highway autopilot to vehicles as soon as 2023.

Mike Freeman | The San Diego Union-Tribune
January 9, 2020
Government, Business, Equipment, Safety, Fuel

Trump Proposes Sweeping Rollback of Environmental Oversight

President Donald Trump on Jan. 9 proposed rolling back enforcement of a landmark environmental law — reducing federal oversight of many major projects, from pipelines to commercial development — to speed the approval process.

Ellen Knickmeyer | Associated Press
January 9, 2020
Government, Business, Logistics

California Judge Rules Federal Law Exempts NFI From AB 5

A California state judge has ruled that federal law exempts a New Jersey-based motor carrier from a new California law that calls for reclassifying independent contractor truck drivers as company employees.

Eric Miller | Senior Reporter
January 9, 2020
Business, Technology, Fuel, Autonomous

Kenworth, Peterbilt Exhibit Electric Models at CES

LAS VEGAS — Kenworth Truck Co. and Peterbilt Motors Co. highlighted their investments in commercial vehicle electrification by exhibiting a pair of battery-electric truck models at CES.

Seth Clevenger | Managing Editor, Features and Multimedia
January 9, 2020
Government, Business, Technology, Logistics

Convoy App Now Features Lumper Payment

Digital freight broker Convoy announced the launch of hassle-free lumper payments, available directly in Convoy’s mobile app, calling it an industry-first feature.

Roger Gilroy | Senior Reporter
January 9, 2020
Business, Logistics, TCA

Trucking Company New York Express and Logistics to Close

SYRACUSE, N.Y. — New York Express and Logistics is shutting down and laying off its 107 employees after losing a major contract.

Rick Moriarty | Syracuse Media Group, N.Y.
January 9, 2020
Government, Business, Fuel

Two Federal Studies Say Trade War With China Is Damaging US Economy

Even as the Trump administration is set to sign phase one of the trade agreement with China, consumers and American businesses continue to feel the impact of the U.S.-China trade war.

Dan Ronan | Senior Reporter
January 9, 2020
Government, Business, Technology, Safety

NHTSA Probing Fatal Crash of Tesla, Fire Truck in Indiana

The National Highway Traffic Safety Administration will probe the Dec. 29 fatal crash of a Tesla Inc. vehicle that slammed into a parked fire truck on an Indiana highway, the agency said Jan. 8.

Ryan Beene | Bloomberg News
January 9, 2020
Business, Technology, Equipment, Autonomous

CES Exhibitors Envision Electric, Automated Future for Trucking

LAS VEGAS — Trucking industry innovators presented their visions for the future of freight here at CES 2020, showcasing technologies ranging from electric-powered trucks and automated driving systems to final-mile software and cybersecurity enhancements.

Seth Clevenger | Managing Editor, Features and Multimedia
January 9, 2020
Government, Business, Equipment

Auto Sales Rebound May Shift Global Growth Focus

Investors should watch out for an impending recovery in global auto sales that will steal the limelight from the semiconductor industry and give some comfort to those expecting the global economy to kick up in 2020.

Adam Haigh | Bloomberg News
January 9, 2020