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, Technology, Equipment

SAP, Uber Join Forces to Integrate Freight Networks

Enterprise software firm SAP and load-matching app developer Uber Freight have partnered to connect their shipper and carrier networks in an effort to improve supply-chain efficiency.

Seth Clevenger | Managing Editor, Features and Multimedia
May 7, 2019
Business, Technology, Perspective

Perspective: Drivers Seek Improvements on Routes

An annual survey of thousands of drivers found that while most are happy with the pay structure their fleets offer, they see room for improvement with how their routes are selected.

Jane Jazrawy | CEO, CarriersEdge
May 7, 2019
Government, Business, Safety, Fuel

Lawmakers Introduce Bill to Repeal Federal Excise Tax on New Trucks

Two members of the U.S. House of Representatives recently introduced legislation aimed at repealing the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers.

Eugene Mulero | Senior Reporter
May 7, 2019
Business, Safety

Michael Bills to Defend Title at N.C.’s ‘Super Bowl of Safety’

The Tar Heel State is set to test its top drivers at the North Carolina Truck Driving Championships hosted by the North Carolina Trucking Association. The competition will be held May 9-11 at the N.C. State Fairgrounds in Raleigh.

May 7, 2019
Business

Daseke Reports 32% Increase in 1Q Revenue to $433 Million

Flatbed and specialized carrier Daseke Inc. reported May 6 that first-quarter revenue increased 32% to $433 million, compared with $327.6 million in the same period last year, but posted a decline in earnings due to increased investments.

Dan Ronan | Senior Reporter
May 6, 2019
Government, Business, Safety

FMCSA’s Meal, Rest Break Ruling Withstands First Court Challenge

A California court has dismissed a truck driver’s claims regarding the state’s meal-and-rest-break provisions, which the Federal Motor Carrier Safety Administration has determined are pre-empted by federal law.

Eleanor Lamb | Staff Reporter
May 6, 2019
Government, Business, Fuel

Diesel Climbs 0.2¢ to $3.171

The U.S. average retail price of diesel climbed 0.2 cent to $3.171 a gallon, as crude oil prices settled below $63 amid international tensions, the Department of Energy reported May 6.

Roger Gilroy | Senior Reporter
May 6, 2019
Government, Business

Trump Warns He Will More Than Double Tariffs on Chinese Imports

President Donald Trump wrote in a May 5 tweet that he will dramatically increase tariffs on Chinese imports to 25% from 10%, starting May 10.

Dan Ronan | Senior Reporter
May 6, 2019
Business, Fuel

Oil Rises as Middle East Tension Drowns Out Trump Trade Threats

Oil recovered from early declines after President Donald Trump threatened to escalate his trade war with China but also dispatched warships to the Middle East in a warning to Iran.

May 6, 2019
Business, Technology

VW Said to Revive Push to Separate Peripheral Units

Volkswagen AG is renewing efforts to sell minority stakes in non-core operations to streamline its business and focus on the main passenger-car brands, according to people familiar with the matter.

Christoph Rauwald | Bloomberg News
May 6, 2019