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, Logistics

Ryder’s Ruth Lopez Wins Influential Woman in Trucking Award

DALLAS — Ruth Lopez, transportation management director for Ryder System Inc., has won the Influential Woman in Trucking award.

Eleanor Lamb | Staff Reporter
October 1, 2019
Business, Logistics

GM Strike May Have Cost Over $1 Billion So Far, JPMorgan Says

The workers strike at General Motors Co., currently in its third week, already may have cost the carmaker over $1 billion, JPMorgan analyst Ryan Brinkman wrote in a note to clients.

Esha Dey | Bloomberg News
October 1, 2019
Government, Business, Safety

FMCSA Advisory Committee Offers Tough Questions on HOS Proposed Rule

The Motor Carrier Safety Advisory Committee had lots of questions about the major changes proposed for the hours-of-service rule, but no angry words were spoken by its 25 members.

Eric Miller | Senior Reporter
October 1, 2019
Business, Technology, Logistics

Convoy Launches Free TMS for Shippers

Digital freight broker Convoy launched Convoy Connect, a free transportation management system available nationwide that comes preconfigured with access to Convoy’s carrier network.

October 1, 2019
Business, Logistics

Trucking Leaders Rouse Women In Trucking Crowd

DALLAS — Seasoned trucking leaders kicked off the Women In Trucking Association’s annual conference with a message of encouragement and perseverance.

Eleanor Lamb | Staff Reporter
October 1, 2019
Business, Technology, Autonomous

Robots Are Hurting Pay, Fed Study Finds

Automation has “contributed substantially” to reducing the portion of national income that goes to U.S. workers over the past two decades, according to a new study by economists at the Federal Reserve Bank of San Francisco.

Simon Kennedy | Bloomberg News
October 1, 2019
Government, Business

Former Employees of Defunct Carrier LME Are Still Waiting for Paychecks

The efforts by former employees of now-closed New Brighton, Minn.-based trucking company LME to secure their owed back wages and expenses may have gotten a bit clearer.

Dan Ronan | Senior Reporter
October 1, 2019
Government, Business

World Economy Signals Manufacturing Crisis

The global economy flashed clearer warning signs Oct. 1 as a wave of data showed manufacturing stuck in a slump, exports falling and sentiment sliding.

October 1, 2019
Business, Safety

Female Driver Panel Discusses Inclusivity, Safety

DALLAS — From well-kept facilities to properly tailored outfits, there are several ways for trucking and logistics groups to make the industry a safer and more welcoming place for female drivers, according to a panel of professional drivers.

Eleanor Lamb | Staff Reporter
September 30, 2019
Business

Roadrunner to Downsize Dry Van Truckload Segment, Laying Off 450

Roadrunner Transportation Systems Inc. on Sept. 30 announced that it would lay off 450 employees and downsize its dry van business, a truckload segment the company said had become unprofitable.

Jim Stinson | Staff Reporter
September 30, 2019