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, Logistics

Farmers Struggle but Rally Support for Trump

On one hand, farmers have never been this critical of the Trump administration and the trade war with China. On the other, their love for the president seems to be growing.

Isis Almeida | Bloomberg News
August 29, 2019
Government, Business

Second-Quarter Growth Revised Down to 2%

U.S. economic growth decelerated in the second quarter by more than initially reported, suggesting President Donald Trump’s trade actions are weighing more heavily on the pace of expansion.

Jeff Kearns | Bloomberg News
August 29, 2019
Business

HVH Transportation of Denver Closes

Denver-based truckload carrier HVH Transportation Inc. closed its doors on Aug. 27 after a string of financial setbacks, company officials and drivers told Transport Topics.

Jim Stinson | Staff Reporter
August 28, 2019
Business, Technology, Equipment, Logistics

Ryan Meppelink Wins Bronze Medal and Best of Nation Award at WorldSkills in Russia

Ryan Meppelink, a college student and deft diesel mechanic from Zeeland, Mich., won the bronze medal for Heavy Vehicle Technology at the WorldSkills Competition in Kazan, Russia.

Dan Ronan | Senior Reporter
August 28, 2019
Government, Business, Logistics

NYC-Area Rail Bridge Planners Take Another Shot at Federal Funds

New Jersey and New York officials will submit a revised financial plan for the $1.6 billion replacement of a decrepit bridge that’s key to rail traffic in the U.S. Northeast, the latest attempt to secure funding from a recalcitrant administration.

Elise Young | Bloomberg News
August 28, 2019
Business

Agribusiness Giant Cargill Lifts Bet on Plant-Protein Craze

Cargill Inc., one of the world’s biggest agricultural companies, plans to spend an additional $75 million to expand in pea protein in the U.S. as traditional meat producers continue a shift to alternatives.

Patrick McKiernan | Bloomberg News
August 28, 2019
Business, Technology, Logistics

McLeod Expands AI, Driver Choice in Time of Transformational Change

DENVER — Harnessing artificial intelligence and enabling more driver input are among the ways McLeod Software is participating in what CEO Tom McLeod described as a time of transformational change for the trucking industry.

Seth Clevenger | Managing Editor, Features and Multimedia
August 28, 2019
Government, Business, Technology

Pace of EV Introductions Could Quicken

A trickle of electrified heavy-duty commercial vehicles are taking to the roads, as fleets and truck makers embrace a trend that industry forecasters predict could reshape the nation’s highways, with more and more diesel-powered freight trucks gradually converting to electrification.

Roger Gilroy | Senior Reporter
August 28, 2019
Business, Technology, Autonomous

Tesla’s Musk and Alibaba’s Ma to Debate AI in China

From Jack Ma to Pony Ma, the leading lights of China’s internet industry gather in Shanghai this week to showcase the country’s latest advances in artificial intelligence. But the real headliner could be American entrepreneur Elon Musk.

August 28, 2019
Government, Business

Crazy Midwest Weather Contributes to Farmers’ Stress

A survey conducted by Farm Futures showed that 53% of respondents said 2019 is the most difficult year they’ve faced as farmers — that includes 49% of baby boomers and mature growers, who lived through the 1980s farm crisis, according to the poll of 711 growers carried out from July 21 to Aug. 3.

Isis Almeida | Bloomberg News
August 28, 2019