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, Safety

Rail Bridge Collapses During Midwest Flooding

A huge train bridge collapsed into the Big Sioux River near Sioux City, Iowa, late June 23, an emergency manager said.

June 24, 2024
Government, Business, Safety, Logistics

Railroads Must Report Hazmat Immediately After Derailment

OMAHA, Neb. — A new federal rule aims to ensure first responders can find out what hazardous chemicals are on a train almost immediately after a derailment so they can respond appropriately.

Josh Funk | Associated Press
June 24, 2024
Business, Logistics, For-Hire, Global Freight

UPS to Sell Coyote Logistics to RXO

UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23.

Connor D. Wolf | Staff Reporter
June 24, 2024
Business, Safety

New England Truckers Support Brian Singelais

WINDSOR LOCKS, Conn.— Brian Singelais, a former NTDC class champion, has received an outpouring of support from the New England trucking community as he recovers from a heart transplant. 

Eugene Mulero | Senior Reporter
June 23, 2024
Government, Business, Safety

Louisiana Governor Vetoes State Tort Reform Bill

Louisiana Gov. Jeff Landry has vetoed tort reform legislation touted by trucking leaders as a step toward stabilizing excessive insurance and legal costs.

Eric Miller | Senior Reporter
June 21, 2024
Business, Technology, Safety

Car Dealerships Disrupted by Pair of Cyberattacks

NEW YORK — Car dealerships in North America continue to wrestle with major disruptions that started last week with cyberattacks on a software company used widely in the auto retail sales sector.

Wyatte Grantham-Philips | Associated Press
June 21, 2024
Business, For-Hire

Interactive Map: Where the 2024 Top 100 For-Hire Carriers Are in North America

Find out where the 2024 Top 100 For-Hire Carriers are located by regions and by state in North America with our interactive map.

June 21, 2024
Business

Finally! A Fixed-Cost Lease Solution for your Fleet

Whether adding or replacing trucks in your fleet, finding the most cost-effective solution is critical to the profitability and success of your business. Variable costs like fuel, tires, and maintenance represent a staggering amount of the expenses in a transportation business. 

June 21, 2024
Business, For-Hire, Top 100

A. Duie Pyle Celebrates Centennial Milestone

From the Great Depression to industry deregulation and beyond, A. Duie Pyle has kept trucking, marking a full century of economic cycles and transformations in freight transportation.

Seth Clevenger | Managing Editor, Features and Multimedia
June 21, 2024
Business, For-Hire, Top 100

Industry Sector Rankings Reflect Market Downturn

For-hire carriers across segments saw revenues slide and margins tighten in 2023, but some industry sectors fared better than others.

June 21, 2024