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.

Government, Business, Technology, Equipment, Safety

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.

Eric Miller | Senior Reporter
December 20, 2019
Business

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, 2019
Business

Trade 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.

Sarah McGregor | Bloomberg News
December 20, 2019
Government, Business

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%.

Reade Pickert | Bloomberg News
December 20, 2019
Business, Equipment

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, 2019
Business

US 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.

December 20, 2019
Government, Business, Technology, Safety

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.

Alan Levin | Bloomberg News
December 20, 2019
Business, Equipment

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, 2019
Government, Business, Technology, Equipment, Safety, Logistics

Timeline: 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. 

Anneliese Mahoney | Associate Editor
December 20, 2019
Government, Business, Technology, Equipment, Safety, Fuel

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.

Aaron Perryman | Associate Editor
December 20, 2019