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

Rihm Kenworth Adds Minnesota Facility

Rihm Kenworth announced it opened a 28,000-square-foot full-service and leasing facility in Mankato, Minn.

January 3, 2020
Government, Business, Technology, Safety

Secretary Elaine Chao to Headline TRB’s Annual Luncheon

Secretary Elaine Chao, the country’s top transportation officer, is scheduled to deliver keynote remarks at the Transportation Research Board’s annual meeting chair’s luncheon Jan. 15.

Eugene Mulero | Senior Reporter
January 3, 2020
Business, Technology, Logistics

Rising Product Returns Put Pressure on Retailers to Optimize Reverse Logistics

As online shopping continues to increase, so, too, are product returns. To help meet this rising demand for reverse logistics, transportation providers are adding services to simplify product returns for shippers and consumers while also increasing efficiency.

Mindy Long | Special to Transport Topics
January 3, 2020
Government, Business, Equipment

Manufacturing Activity Falls to Lowest Level in Decade

WASHINGTON — U.S. manufacturing activity fell to the lowest level in more than a decade, as the sector was hurt by weakening demand and last year’s global economic slowdown.

Josh Boak | The Associated Press
January 3, 2020
Business, Technology, Logistics

Orbcomm Partners With Samsung Electronics

Transportation technology company Orbcomm Inc. has teamed with Samsung Electronics America to add fleet management capabilities to Samsung tablets, Orbcomm said in a news release.

January 3, 2020
Business, Fuel, TCA

As Port Ships Become L.A.’s Biggest Polluters, California Could Force a Cleanup

Ships visiting Southern California’s bustling ports are poised to become the region’s largest source of smog-causing pollutants in coming years, one reason state regulators want to reduce emissions from thousands more of them.

Tony Barboza | Los Angeles Times
January 3, 2020
Business, Technology, Fuel

Trillium Expands CNG Fueling Network

Trillium, a provider of alternative fuels systems and renewable fuels, is adding two public compressed natural gas fueling stations to its California network that will be accessible by heavy-duty vehicles operating in the state’s central valley.

January 3, 2020
Government, Business, Fuel

Oil Price Jumps on Fear of Iranian Retaliation Against US

LONDON — The price of oil surged Jan. 3 as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran’s top general.

Carlo Piovano | Associated Press
January 3, 2020
Government, Business, Technology, Safety, Fuel, Autonomous

Three Crashes, Three Deaths Raise Questions About Tesla’s Autopilot

DETROIT — Three crashes involving Teslas that killed three people have increased scrutiny of the company’s Autopilot driving system just months before CEO Elon Musk has planned to put fully self-driving cars on the streets.

Tom Krisher | Associated Press
January 3, 2020
Government, Business, Safety

U-Haul Won’t Hire Nicotine Users in 21 States

NEW YORK — U-Haul said that it won’t hire nicotine users in the 21 states where it is legal to do so, saying that it wants to ensure a “healthier workforce.”

January 3, 2020