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, Fuel

Diesel Price Slides 0.7¢ to $2.976 a Gallon as It Falls for Eighth Straight Week

The U.S. average retail price of diesel dropped 0.7 cent to $2.976 per gallon, the Department of Energy reported Sept. 3, as the price of crude dropped 2% amid the ongoing U.S.-China trade dispute.

Jim Stinson | Staff Reporter
September 3, 2019
Government, Business, Equipment, Safety

FMCSA Proposes 2020, 2021 Reductions to Commercial Vehicle Registration Fees

The Federal Motor Carrier Safety Administration has issued a proposed rule that would continue to reduce commercial vehicle registration fees in 2020 and 2021, the agency said in a Federal Register announcement on Aug. 27.

Eric Miller | Senior Reporter
September 3, 2019
Government, Business, Safety

Scam Uses DOT Biennial Update Deadlines to Target Wisconsin Trucking Firms

Wisconsin-based trucking companies have been warned about scam letters informing them they have accrued late fees by failing to file their biennial update with the U.S. Department of Transportation on time.

Eleanor Lamb | Staff Reporter
September 3, 2019
Government, Business

Chevron Lays Groundwork for Venezuela Exit Before Waiver Expires

Chevron Corp. appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to extend a waiver allowing it to continue operating in the country.

September 3, 2019
Business, Technology, Safety, Autonomous

Tesla Driver Seen Gazing Down Before 2018 Crash on Autopilot

The driver of a Tesla Inc. car that slammed into a fire truck in Southern California last year was looking down at what appeared to be a mobile phone while the car’s Autopilot feature was engaged, according to a witness report and other data released by investigators.

Alan Levin and Ryan Beene | Bloomberg News
September 3, 2019
Government, Business

US Soy Shippers Get Small Perk From Otherwise Horrid Trade War

The trade war between the U.S. and China continues to surprise agricultural markets, even delivering an unexpected reprieve for American farmers who have otherwise been roiled by the conflict.

September 3, 2019
Government, Business, Safety, Logistics

New Jersey Mall Could Mean Wall-to-Wall Traffic

After 16 years of false starts, the behemoth American Dream retail and amusement complex is set to open just west of Manhattan. To get there, an expected 40 million visitors must join the traffic-choked roads of northern New Jersey.

September 3, 2019
Business, Top 100

On-Time, In-Full

To provide more aggressive delivery options, retailers have been placing increasingly stringent delivery windows on suppliers and their trucking companies.

Gregory Van Tighem | Special to Transport Topics
September 3, 2019
Government, Business

US Manufacturing Activity Contracts in August

WASHINGTON — U.S. factory activity shrank in August for the first time since August 2016, a sign that the trade war with China is weighing down a crucial sector of the economy.

Bani Sapra | Associated Press
September 3, 2019
Business, Technology, Equipment, Fuel

CNH Industrial to Invest $250 Million in Nikola Motor Co.

Startup truck manufacturer Nikola Corp. has secured a commitment of $250 million in funding from CNH Industrial N.V. — a leader in natural gas-powered trucks and buses and the parent company of Iveco trucks — in a move designed to accelerate the use of heavy-duty trucks that use battery-electric and fuel cell technologies in North America and Europe.

Roger Gilroy | Senior Reporter
September 3, 2019