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.
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.
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, 2019Race 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.
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.
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.
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.
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.
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, 2019Cummins 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.
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.