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, Equipment

August Class 8 Orders Extend the Slump

North American Class 8 orders in August continued to mimic fleets’ wait-and-see attitude as orders again fell below replacement level and plunged 79% from the all-time record set a year earlier, ACT Research reported.

Roger Gilroy | Senior Reporter
September 5, 2019
Business

Daseke Shakes Up Company as President, CFO Depart

Daseke Inc., one of the largest flatbed and specialized transportation companies in North America, announced on Sept. 5 it would replace its president and chief financial officer and fold three divisions into other parts of the corporation.

Jim Stinson | Staff Reporter
September 5, 2019
Government, Business, Fuel

Energy Experts Fear Price of Diesel to Spike Because of New Shipping Fuel Mandate

Trucking executives fear sharp hikes in the cost of diesel, and perhaps a shortage, as the industry competes for fuel with ocean carriers, which have a mandate to sharply reduce pollution in fewer than 90 days.

Dan Ronan | Senior Reporter
September 5, 2019
Government, Business, Safety

FMCSA Proposes 3-Year Delay for States to Comply With Clearinghouse Rule

The Federal Motor Carrier Safety Administration has issued a notice of proposed rulemaking to extend the date by which state driver licensing agencies must comply with certain Drug and Alcohol Clearinghouse rule requirements.

Eleanor Lamb | Staff Reporter
September 5, 2019
Business, Logistics

Amazon Promises 235 Jobs From Massachusetts Distribution Center

Amazon has already begun $5.6 million in renovation work for its new distribution center in Holyoke, Mass., and has told the local career center it is looking for a venue to host a hiring fair and fill 235 jobs.

Jim Kinney | The Republican (Springfield, Mass.)
September 5, 2019
Government, Business, Safety, Logistics

Maine Awarded $61 Million for Bridge Work

Maine has been awarded $61 million in federal grants to help replace eight aging highway bridges over the next five years. The two federal grants will help fund construction of bridges on Interstate 295, in Franklin County and Madawaska.

Peter McGuire | Portland (Maine) Press Herald
September 5, 2019
Government, Business, Fuel, TCA

Illinois’ Gas Tax Increase to Help Fund Central Part of State

Illinois state transportation officials say this year’s 19-cent-per-gallon gas tax increase means millions of more dollars to help fix aging downstate roads.

Kennedy Nolen | Herald and Review (Decatur, Ill.)
September 5, 2019
Government, Business, Safety, Fuel

Fleets, Logistics Firms Mobilize as Dorian Inches Up Coast

As Hurricane Dorian continued to creep up the East Coast and terminals shuttered in anticipation, logistics groups launched into action.

Eleanor Lamb | Staff Reporter
September 5, 2019
Business

Consumer Comfort Climbs to Five-Week High

U.S. consumer comfort bounced back to a five-week high as assessments of personal finances reached the second-highest level since 2000, offering hope American households can continue to fuel the economic expansion.

Reade Pickert | Bloomberg News
September 5, 2019
Government, Business

Growth at US Service Firms Quickens While Employment Cools

Growth at U.S. service industries in August comfortably topped expectations on the sharpest monthly rebound in business activity since early 2008, favorable figures that were tempered by a slowdown in hiring.

Vince Golle | Bloomberg News
September 5, 2019