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, Technology

Lyft Shares Rise Ahead of Insiders’ First Chance to Sell Stock

Some early investors in Lyft Inc., one of the most anticipated yet disappointing IPOs of the year, will get their first opportunity to sell shares Aug. 19.

Esha Day | Bloomberg News
August 16, 2019
Business, Safety

What Excites Fans in the Stands?

Transport Topics reporter Eleanor Lamb hits the sidelines to talk with supporters about their experience at NTDC 2019.

August 16, 2019
Business, Fuel, TCA

Race Is on to Build Offshore Oil Export Terminals

A glut of oil is headed to the Gulf Coast. That development is triggering a race among a growing number of entrants to build deepwater crude export terminals in the Gulf of Mexico to ship most of that oil to foreign markets.

Jordan Blum | Houston Chronicle
August 16, 2019
Government, Business, Equipment

Deere Cuts Outlook for the Year Due to Flooding, Trade War

Deere & Co. cut its profit expectations for the year as beleaguered farmers and an escalating trade war with China cut into sales.

Michelle Chapman | Associated Press
August 16, 2019
Government, Business

Home Construction Fell 4% in July

WASHINGTON — U.S. housing starts fell 4% in July, driven by a decline in the construction of apartment buildings.

Bani Sapra | Associated Press
August 16, 2019
Business, Technology, Autonomous

UPS Invests in TuSimple to Pursue Self-Driving Trucks

UPS Inc. announced its venture capital arm, UPS Ventures, has made a minority investment in autonomous driving company TuSimple to test self-driving tractor-trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS network.

Roger Gilroy | Senior Reporter
August 15, 2019
Business, Safety

Rookies, Vets Keep Their Focus on Taking Top Honors

PITTSBURGH — One former national Grand Champion and one rookie were among the 5-Axle drivers taking the course Aug. 15 at the 82nd annual National Truck Driving Championships and National Step Van Driving Championships. Their perspectives differed, but in unlikely ways.

Dan Ronan | Senior Reporter
August 15, 2019
Government, Business, Safety

One-on-One With FMCSA's Ray Martinez

FMCSA Administrator Ray Martinez chats one-on-one with TT's Eleanor Lamb on the heels of the agency's release of proposed rule changes to hours of service.

August 15, 2019
Business, Equipment

Cummins Is Top Overall Supplier of Class 8 Engines in First Half of 2019

Independent engine maker Cummins Inc. supplied a leading 35.8% of the diesel engines used in the first half of 2019, amid an expanding market, WardsAuto.com reported, based on data that differed from the prior year.

Roger Gilroy | Senior Reporter
August 15, 2019
Government, Business, Technology, Fuel

Colorado Revs Toward an Electric Car Future

Faced with more people driving Colorado’s increasingly clogged roads and fouling air that’s flunking federal standards, state health officials this week embraced an alternative vision — that hundreds of thousands of drivers soon, if given options, will shift to zippier electric vehicles that don’t pollute and roll 300 miles on a charge.

Bruce Finley | The Denver Post
August 15, 2019