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

Home Construction Jumps to Highest Level Since 2007

U.S. home construction surged in August to the fastest pace since mid-2007 on more apartment projects and single-family houses, a welcome sign for the housing sector that has struggled to gain momentum.

Reade Pickert | Bloomberg News
September 18, 2019
Business, Technology, Equipment, Safety, Autonomous, Perspective

Perspective: Preparing for Autonomous Repairs

As more and more vehicles with autonomous components enter the transportation landscape, the issue of repair and maintenance for those systems becomes more important for trucking fleets.

Michael Buck | President, MCB Fleet Management
September 18, 2019
Business, Technology

New Walmart Credit Card Looks to Boost E-Commerce

In a sign of how much Walmart Inc. is betting on e-commerce, the retailer’s revamped credit-card program with Capital One Financial Corp. offers better rewards for online shopping and checking out with its mobile app.

Matt Townsend | Bloomberg News
September 18, 2019
Business, Technology, Equipment, Safety

Truck OEMs Say Connectivity Will Drive Future Enhancements

HOUSTON — The growth of connected-truck technology is not only reducing vehicle downtime, but also paving the way for future services and enhancing product development, according to representatives from four truck manufacturers.

Seth Clevenger | Managing Editor, Features and Multimedia
September 18, 2019
Business, Technology, Equipment, Safety

Fleets Using AOBRDs Prepare for ELD Transition as Dec. 16 Deadline Nears

HOUSTON — Fleets have been working closely with their technology suppliers to meet the requirements of the federal electronic logging device mandate before an exemption for older e-log systems expires in less than three months.

Seth Clevenger | Managing Editor, Features and Multimedia
September 18, 2019
Business, Technology

FedEx Freight’s Kelby Bentley Captures 2019 TMCSuperTech Top Honors

RALEIGH, N.C. — FedEx Freight technician Kelby Bentley earned the title of 2019 TMCSuperTech Grand Champion during the fall meeting of American Trucking Associations’ Technology & Maintenance Council here.

Jim Stinson | Staff Reporter
September 17, 2019
Government, Business, Technology, Safety

Truckers Tell FMCSA of Concerns About Coercion, Flexibility at HOS Listening Session

WASHINGTON — Drivers and trucking industry representatives had another chance to voice comments on the Federal Motor Carrier Safety Administration’s proposal to change certain hours-of-service requirements Sept. 17.

Eleanor Lamb | Staff Reporter
September 17, 2019
Business, Logistics

FedEx Posts Drop in Q1 Profit, Decreases Forecast for Fiscal 2020

FedEx Corp.’s fiscal 2020 first-quarter earnings were down as a result of a weakening global economy and increased costs as it expands its service into other business lines, including seven-days-a-week home delivery service, the parcel delivery company said.

Dan Ronan | Senior Reporter
September 17, 2019
Government, Business, Safety

Senate Committee Advances Fiscal 2020 Transportation Funding Bill

WASHINGTON — An infrastructure grants program managed at the U.S. Department of Transportation would receive $1 billion in the upcoming fiscal year under legislation a Senate panel easily reported to the floor of the chamber Sept. 19.

Eugene Mulero | Senior Reporter
September 17, 2019
Government, Business, Fuel

EPA to Strip California’s Car Emissions Authority

The Trump administration will announce it is rescinding California’s authority to regulate greenhouse gas emissions from automobiles at an event at the EPA’s Washington headquarters Sept. 18, according to people familiar with the matter.

Ari Natter and Ryan Beene | Bloomberg News
September 17, 2019