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, Equipment

Medium-Duty Sales Reflect Stable Demand; All Classes Rise

U.S. retail sales of medium-duty trucks in April posted double-digit gains across all classes, WardsAuto.com reported.

Roger Gilroy | Senior Reporter
May 14, 2019
Business, Safety

Seasoned Competitor Wade Wagemann Returns to Defend South Dakota Title

Wade Wagemann of YRC Freight will be gunning for his ninth appearance at the National Truck Driving Championships as he competes for the 13th time at the South Dakota Truck Driving Championships, which are being held May 18 at the Southeast Technical Institute in Sioux Falls.

May 14, 2019
Government, Business, Logistics

US-China Trade War to Worsen Before 2019 Deal, Survey Shows

Economists expect the trade war between the world’s two largest economies to get worse before it gets better — culminating in a deal by year-end.

May 14, 2019
Business, Technology, Logistics

Walmart Matches Amazon With Free One-Day Shipping on Many Items

Walmart Inc. wants to one-up Amazon.com in the fight for online shoppers. The world’s largest retailer is rolling out a next-day delivery service to counter Amazon’s recent move to speed shipment times for top customers to just one day from two.

Matthew Boyle | Bloomberg News
May 14, 2019
Business, Technology, Equipment

VW Stock Gets Boost From Planned IPO of Heavy-Truck Division

Volkswagen AG shares climbed the most in two weeks after the German automaker revived plans for a partial offering of its Traton SE heavy-truck division and said it may dispose of two noncore businesses.

Christoph Rauwald | Bloomberg News
May 14, 2019
Business, Technology, Logistics

Amazon Says It Will Back Its Employees Who Quit Jobs to Start Delivery Businesses

NEW YORK — Amazon, which is racing to deliver packages faster, is turning to its own employees with a proposition: Quit your job, and we’ll help you start a business delivering Amazon packages.

Joseph Pisani | Associated Press
May 14, 2019
Business

PrePass Adds Safety Alerts to Bypass App

PrePass announced an enhancement to its weigh station-bypass app that gives truck drivers roadway safety notifications at no extra cost to PrePass users.

May 14, 2019
Business, Technology, Equipment, Safety

OEMs Offer Over-the-Air Software Updates as Latest Advance in Truck Maintenance

Truck manufacturers increasingly are enabling fleets to update truck software and programming parameters “over the air” — an innovation that is saving days of downtime.

Steve Brawner | Special to Transport Topics
May 14, 2019
Government, Business

Transportation Experts, Government Leaders Stress Human Factor of Infrastructure

WASHINGTON — As cities continue to grow and infrastructure rapidly incorporates more technology, former Transportation Secretary Anthony Foxx cautioned industry leaders and experts to remember the humans who will be affected.

Eleanor Lamb | Staff Reporter
May 13, 2019
Government, Business, Fuel

Diesel Drops 1.1¢ to $3.16 a Gallon; Oil Slides to $61 a Barrel

The U.S. average retail price of diesel fell 1.1 cents to $3.160 a gallon. Oil prices slipped to $61 a barrel as the United States and China imposed higher tariffs on the other’s goods, which chilled the outlook for demand.

Roger Gilroy | Senior Reporter
May 13, 2019