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

Diesel Increases 2.2¢ to $3.169 a Gallon

The U.S. average retail price of diesel climbed 2.2 cents to $3.169 a gallon, as crude oil stabilized around $63 per barrel, the U.S. Department of Energy reported April 29.

Jim Stinson | Staff Reporter
April 29, 2019
Business, Logistics, Top 100

Celadon Group Sells Intermodal Operations to Bison Transport

Celadon Group Inc. sold its North American container-on-flatcar intermodal operations to Bison Transport of Winnipeg, Manitoba, according to an April 26 press release.

April 29, 2019
Business

Wabco Reports Declines in 1Q

Wabco Holdings Inc. reported lower first-quarter net income and revenue as truck and trailer production declined globally.

April 29, 2019
Government, Business, Technology, Fuel

CARB Staff White Paper: Significant Reductions in NOx ‘Technically Achievable and Cost-Effective’ for MY 2024 Heavy Trucks

Research from the staff of the California Air Resources Board concludes that the regulatory agency’s call for significant reductions in nitrogen oxide emissions are “technically achievable and cost-effective” for model year 2024 heavy trucks.

Eric Miller | Senior Reporter
April 29, 2019
Government, Business

Farmer Income Drops Most Since First Quarter of 2016

Personal income for farmers fell by the most in three years in the first quarter, as losses to U.S. agriculture mount from President Donald Trump’s trade wars.

April 29, 2019
Business

Tesla’s Key Inventory Figure Tops $2 Billion for First Time

The value of Tesla Inc.’s finished goods inventory, which includes vehicles available for sale, exceeded $2 billion for the first time as the Model 3 sedan began overseas deliveries.

Craig Trudell | Bloomberg News
April 29, 2019
Government, Business, Technology, Logistics

Shanghai Tesla Factory Key to CEO Elon Musk’s Ambitions

Three months after groundbreaking, Tesla Inc. is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalize on growing demand in the world’s largest electric car market.

Ville Heiskanen | Bloomberg News
April 29, 2019
Business

Fiat Chrysler CEO Mike Manley ‘100% Sure’ Carmaker Can Survive Tech Disruption

Fiat Chrysler Automobiles NV is a “house of brands,” and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is facing from the rise of electric and self-driving cars, according to CEO Mike Manley.

Tommaso Ebhardt | Bloomberg News
April 29, 2019
Business

C.R. England Settles Lawsuit Over Lease-to-Own Program

C.R. England Inc. has reached a $37.8 million settlement with a group of drivers who claim the company fraudulently recruited them to participate in a truck lease-to-own program and then saddled them with high-interest loans that made it difficult to succeed.

Daniel P. Bearth | Staff Writer
April 29, 2019
Government, Business, Technology

Optimism High Ahead of Leaders' Infrastructure Meeting at White House

Members of Congress return to Capitol Hill to find their leaders pursuing an agenda that’s not about immigration or impeachment politics. President Donald Trump is expected to break from his Mueller report victory lap for a meeting April 30 with Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer (D) to tackle infrastructure.

Eugene Mulero | Senior Reporter
April 29, 2019