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

FHWA Announces Proposal to Improve Bridge Inspection Program

The Federal Highway Administration has issued a proposed rule to improve oversight of U.S. bridge inspections by incorporating a risk-based approach and encouraging the use of such technological advancements as unmanned aerial systems and sonar.

Eric Miller | Senior Reporter
November 14, 2019
Government, Business, Technology, Fuel

Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.

November 13, 2019
Government, Business, Logistics

California Trucking Association Challenges New State Labor Law

The California Trucking Association has amended its 2018 independent contractor federal lawsuit to challenge a new state labor law that the association claims would prevent thousands of motor carriers from contracting with owner-operators.

Eric Miller | Senior Reporter
November 13, 2019
Government, Business, Technology, TCA

Rail Advocates Push for Pacific Northwest Bullet Train

Last week’s vote in Washington state to roll back car registration fees has scrambled transportation budgets. But Pacific Northwest rail advocates are undeterred in pursuing their vision of a bullet train connection among Portland, Seattle and Vancouver, Canada.

Tom Banse | The (Eugene, Ore.) Register-Guard
November 13, 2019
Government, Business, Technology, Equipment, TCA

Volkswagen Breaks Ground on Chattanooga, Tenn., Electric Vehicle Facility

Marking construction of an electric vehicle facility in Chattanooga, Volkswagen of America today broke ground on an $800 million expansion that will add more than 700,000 square feet of new space to its plant.

Mike Pare | Chattanooga (Tenn.) Times Free Press
November 13, 2019
Business, Logistics, Top 100

Dean Foods Files for Chapter 11 Bankruptcy Reorganization

Top U.S. milk processor Dean Foods Co. filed for Chapter 11 bankruptcy and is in advanced talks with Dairy Farmers of America Inc. about a potential sale.

November 13, 2019
Business, Technology, Equipment, Fuel

Hyliion Makes Gains With Hybrid Electrification

Hyliion CEO and founder Thomas Healy said the company anticipates receiving more investment funds soon. It built an 80,000-square-foot plant, and trucks with its e-axle have accumulated more than 1 million miles of real-world travel as fleets begin to see hybrid-electric powertrains as a timely choice for improved fuel efficiency. And yet, he sometimes feels as if he is on the industry sidelines.

Roger Gilroy | Senior Reporter
November 13, 2019
Business, Technology, Equipment, Safety

Jacobs Prepares for Tougher Emissions Standards

Jacobs Vehicle Systems is taking to the road to demonstrate its latest technologies directly to fleets and others as the company retools how it wants to be viewed — as a provider of emissions technology, not just the place for engine brakes.

Roger Gilroy | Senior Reporter
November 13, 2019
Government, Business

Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts

WASHINGTON — Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.

Christopher Rugaber | Associated Press
November 13, 2019
Business, Technology, Fuel, Autonomous

Tesla to Build Factory in Germany After Subsidies Announced

BERLIN — Germany on Nov. 13 hailed Tesla’s decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electric cars.

November 13, 2019