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, Fuel

Canadian Oil Firms Offer to Ship by Rail if Output Limits Ease

Canada’s oil-sands producers are offering to commit to shipping a certain amount of their crude by rail in return for the Alberta government raising its production limits.

July 9, 2019
Business, Fuel

Rice Brothers Seek Overhaul of Natural Gas Giant EQT

Absent a settlement before EQT Corp.’s annual meeting in Pittsburgh on July 10, shareholders will decide between competing rosters of candidates for the board of directors.

Naureen S. Malik | Bloomberg News
July 9, 2019
Government, Business

Job Openings in May Ease for Second Month

Job openings unexpectedly cooled in May for a second month, signaling a pause in demand for workers ahead of a surge in June payrolls growth that indicates a still-robust American labor market.

Ryan Haar | Bloomberg News
July 9, 2019
Business, Logistics

Corn in Recovery Mode With Summer Weather Here

After a cold, soggy start to the season, it’s finally feeling like summer in the Midwest, and corn fields are recovering. A turn toward warmer weather should be beneficial for the battered crop, and government data signal that conditions are starting to bottom out.

Michael Hirtzer | Bloomberg News
July 9, 2019
Business, Technology

Hyundai Set to Penetrate US Pickup Market

Hyundai Motor Co. expects to enter the U.S. pickup market soon with what likely is to be an American-made vehicle aimed at luring buyers who aren’t traditional truck owners, an executive said July 8.

Chester Dawson | Bloomberg News
July 9, 2019
Business, Safety

2019 Washington Truck Driving Championships

Scenes from the Washington Truck Driving Championships held June 22 in Tacoma.

July 9, 2019
Business, Technology, Logistics

Document Automation Puts Trucking Back Office in Fast Lane

The deluge of documents that trucking generates is increasingly managed and processed via automation. Providers of document-management systems said these systems yield labor savings and efficiencies.

Stephen Bennett | Special to Transport Topics
July 9, 2019
Government, Business, Technology, Fuel

Diesel Rises 1.3¢ to $3.055 a Gallon

The U.S. average retail price of diesel rose 1.3 cents to $3.055 a gallon, the Department of Energy reported July 8. Crude slid to less than $58 a barrel, then rebounded later in the week to just above $60.

Roger Gilroy | Senior Reporter
July 8, 2019
Business, Safety

Driver Productivity Can Be Boosted by Addressing Health, Stress

When drivers and employees at PetroChoice Holdings want to take a sick day, or just take time off for any reason, all they have to do is inform their boss they will be taking “PTO,” or paid time off.

Jim Stinson | Staff Reporter
July 8, 2019
Government, Business

Tariff Twist That’s Cost US Steel $5.5 Billion

President Donald Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help.

July 8, 2019