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.
Stakeholder Comments Mostly Endorse Trading Rearview Mirrors for Camera Systems
Despite some cautionary notes, public comment on a National Highway Traffic Safety Administration advanced notice of proposed rulemaking largely favored permitting camera-based, rear-visibility systems to replace mirrors on light vehicles and heavy trucks.
Knight-Swift Slashes Q4 Earnings Per Share Forecast
Knight-Swift Transportation Holdings Inc. has cut its expectations for fourth-quarter adjusted earnings per share to 50 cents to 52 cents compared with the previously announced expectation of 62 cents to 65 cents.
December 20, 2019Trade War Turns Seasons Upside Down for Truckers at L.A. Port
Some truck drivers at the Los Angeles docks are scrapping over leaner cargoes thanks to the trade war.
Consumer Spending Bump Offset by Inventories in Revised GDP
Americans’ spending grew by more than previously reported in the third quarter, a change offset by a drag in inventories that left economic growth at a still-healthy but unrevised 2.1%.
Goodyear Purchases Raben Tire to Expand in Midwest
The Goodyear Tire & Rubber Co. announced it is expanding its company-owned presence in the Midwest by purchasing Raben Tire Co., based in Evansville, Ind., from affiliates of Palladium Equity Partners, a private equity firm.
December 20, 2019US Steel to Eliminate 1,545 Michigan Jobs
U.S. Steel Corp. warned of a fourth-quarter loss, announced it would shut down most of its Great Lakes Works near Detroit, lay off more than 1,500 workers and slash its dividend.
NTSB Cites Lithium Battery Fire in Deadly Crash
A speeding teenage driver caused the fatal crash of a Tesla Inc. vehicle in Florida in 2018 and the subsequent fire in the electric car’s battery contributed to the severity of his injuries, a federal investigation concluded.
The Year in Charts: A Reality Check for Trucking
After trucking reached dizzying heights in 2018, the industry reflected more realistic conditions over the past 12 months. Class 8 sales performed above replacement levels, tonnage was marked by volatility and trailer orders started strong and faded to a nearly three-year low by May.
December 20, 2019Timeline: Trucking's Biggest Moments in 2019
Feeling reflective? 2019 was a big year for trucking, with lots of regulatory reforms and bankruptcies dominating the news cycle. Here's a look back at what you all were talking about this year.
The 2010s: A Decade of Ups and Downs in Trucking
As we close 2019, we are also wrapping up a decade. While we normally look back at the year that was, it also seems like a good time to review the past 10 years.