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, Fuel

Natural Gas Nears $2 Amid Work on Largest US Export Terminal

Natural gas futures slid toward $2 per million British thermal units, a level that hasn’t been breached in three years, as fading summer heat and maintenance on the largest U.S. export terminal leave the market struggling to absorb a barrage of supply from shale basins.

Naureen S. Malik | Bloomberg News
August 5, 2019
Government, Business, Safety

Senate Confirms Robert Sumwalt, Jennifer Homendy to NTSB

Robert Sumwalt and Jennifer Homendy were confirmed by the Senate on Aug. 1 to continue serving on the National Transportation Safety Board.

Eugene Mulero | Senior Reporter
August 5, 2019
Government, Business

New York Gov. Andrew Cuomo Announces $206 Million for Freight Projects

New York Gov. Andrew Cuomo has announced $206 million will be devoted to freight-related projects across the state.

Eleanor Lamb | Staff Reporter
August 5, 2019
Government, Business

Walmart, Target Minimum Wage Hikes Drive Average US Retail Pay

Despite an industry shakeout that has been dubbed the retail apocalypse, store workers who have hung in there are seeing better pay than a generation ago, even with inflation.

August 5, 2019
Government, Business

Services Join Factories With Slowest Growth Since 2016

A gauge of service industries declined in July to an almost three-year low as orders continued to cool, indicating a sluggish start to the third quarter for the biggest part of the economy.

Katia Dmitrieva | Bloomberg News
August 5, 2019
Government, Business, Logistics

China Halts Crop Imports, Weakens Yuan

China responded to President Donald Trump’s tariff threat with another escalation of the trade war Aug. 5, asking state-owned companies to suspend imports of U.S. agricultural products.

August 5, 2019
Business, Safety

Cancer Survivor’s Road to Recovery Culminates With Trip to NTDC

Kevin Mailand’s biggest challenge en route to winning Grand Champion honors at the 2019 Kansas Truck Driving Championships was getting to Topeka in the first place. Five years earlier, he was diagnosed with Stage 3 esophageal cancer.

Judd Hanson | News Editor
August 5, 2019
Business, Safety

NTDC Promises Packed Schedule, Tough Course for Top Truckers

Hundreds of top truck drivers soon will descend on Pittsburgh for the 82nd annual National Truck Driving Championships.

Eleanor Lamb | Staff Reporter
August 5, 2019
Business, Safety

How One State Brought Its Truck Driving Championship Back to Life

Since 2009, when the Ohio Truck Driving Championships returned to the hands of the Ohio Trucking Association, the competition not only has been a success with drivers, it has turned into a self-sustaining event.

Marissa Gamache | Features Coordinator
August 5, 2019
Business, Safety

CVSA Prepares for Annual Inspectors Championship

As the nation’s top truck drivers prepare to convene in Pittsburgh for the National Truck Driving Championships, another group of safety professionals — law enforcement officers — will meet in the same city for its own competition.

Eleanor Lamb | Staff Reporter
August 5, 2019