Business
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.
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.
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.
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.
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.
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.
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.
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.
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.
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, 2019Crazy 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.