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

Trump Threatens Tougher Tactics With China on Trade

President Donald Trump is threatening to get “much tougher” with China on trade if he wins re-election in 2020.

July 30, 2019
Government, Business, Logistics

Majority of Trade Aid Went to Biggest Farms, Study Finds

More than half of the Trump administration’s trade war aid for farmers went to just 10% of the recipients in the program, according to analysis of payments by an environmental organization.

Mike Dorning | Bloomberg News
July 30, 2019
Business, Equipment

June Used Class 8 Prices Climb Even as Lots Grow Full

At a time of slowing freight volume and an increasingly adequate supply of power units, the average used Class 8 truck still brought a higher sales price in June than in the same month a year earlier, according to ACT Research.

Jim Stinson | Staff Reporter
July 30, 2019
Business, Technology, Logistics

Uber to Cut About 400 Employees, Citing ‘Mediocre Results’

Uber Technologies Inc. said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.

Eric Newcomer | Bloomberg News
July 29, 2019
Government, Business, Fuel

Diesel Drops by 1¢ to $3.034 a Gallon

The U.S. average retail price of diesel dropped by 1 cent to $3.034 a gallon, the Department of Energy reported July 29.

Jim Stinson | Staff Reporter
July 29, 2019
Business, Technology

Lyft COO Jon McNeill to Depart Company

Jon McNeill, who was hired last year to run Lyft Inc.’s operations, is leaving the company. The founders, who have struggled to retain an operating chief, said they won’t hire a replacement.

July 29, 2019
Business, Logistics, Top 100

Covenant 2Q Transport Revenue Up, Net Income Down

Covenant Transportation Group Inc. reported earnings of 33 cents per share on $6.1 million in net income in the quarter ending June 30, the company said in a July 24 news release.

Jim Stinson | Staff Reporter
July 29, 2019
Government, Business, Technology, Safety, Autonomous

FMCSA, NHTSA Extend Comment Window on Automated Driving Systems

The Federal Motor Carrier Safety Administration and the National Highway Traffic Safety Administration are extending the public comment period meant to gather input on automated driving systems.

Eleanor Lamb | Staff Reporter
July 29, 2019
Government, Business, Technology, Safety

Senate Panel to Consider 5-Year, $287 Billion Highway Bill July 30

The first step to a five-year, $287 billion reauthorization of the 2015 FAST Act highway law is scheduled for July 30 in the Senate, thanks to the leadership of the Environment and Public Works Committee. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.

Eugene Mulero | Senior Reporter
July 29, 2019
Business, Equipment, Safety, Fuel

Pets Can Help Fleet Recruitment Efforts and Boost Driver Satisfaction

Many carriers allow truck drivers to bring along a cat or dog as a companion. For fleets, the benefits seem to outweigh the costs.

Mindy Long | Special to Transport Topics
July 29, 2019