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

In Week 5 of Shutdown, Votes Set Up Political Test for Senate

WASHINGTON — Senate leaders agreed to hold votes this week on dueling proposals to reopen shuttered federal agencies, forcing a political reckoning for senators grappling with the longest shutdown in U.S. history: Side with President Donald Trump or vote to temporarily end the shutdown and keep negotiating.

Alan Fram and Andrew Taylor | Associated Press
January 23, 2019
Business, Safety

TransForce Expands Into Driver Training With Acquisition of The CDL School

TransForce Inc. is making another acquisition, but this time it is not buying a rival driver staffing agency.

Daniel P. Bearth | Staff Writer
January 23, 2019
Business, Technology, Fuel, Autonomous

Waymo Announces Plan for Autonomous-Vehicle Factory in Michigan

LANSING, Mich. — Google self-driving car spinoff Waymo said Jan. 22 that it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world’s first plant “100%” dedicated to the mass production of autonomous vehicles.

David Eggert and Tom Krisher | Associated Press
January 23, 2019
Government, Business

ATA Truck Tonnage Index Has Best Year in 20 Years

Truck tonnage closed out 2018 on a 20-year high with an annual increase of 6.6%, American Trucking Associations announced.

Dan Ronan | Senior Reporter
January 23, 2019
Government, Business, TCA

XPO Accepts Violation in Fatal Accident Involving Granite Slabs

XPO Logistics has agreed to accept a serious violation and pay a fine of more than $10,000 in connection with a June 25 accident that claimed the lives of two workers.

Tim Fenster | Lockport (N.Y.) Union-Sun & Journal
January 23, 2019
Business, Technology, Equipment

Cummins X12 Engine Available in Western Star 4700

Cummins Inc. announced its X12 engine, which weighs only 2,050 pounds, is available in Western Star 4700 straight trucks and tractors.

January 23, 2019
Business, Technology, Autonomous

Developers Seek to Advance Truck Platooning Through Higher Automation, Global Demonstrations

WASHINGTON — Truck platooning has not yet advanced beyond the testing and development stage, but proponents and developers of the technology continue to explore ways to eventually deploy it in real-world freight operations.

Seth Clevenger | Managing Editor, Features and Multimedia
January 23, 2019
Business

Despite Record Revenue, 2018 Kansas City Southern Earnings Fall Short of Expectations

Kansas City Southern, the smallest of the Class 1 railroads in North America, reported record fourth-quarter and full-year 2018 financial results on Jan. 18.

Dan Ronan | Senior Reporter
January 23, 2019
Government, Business, Technology, Safety, Autonomous

Autonomous Technology Promises Safety Benefits, TRB Speakers Say

WASHINGTON — While the debut of automated vehicles in the marketplace remains years away, the technology already available has the potential of improving safety for commercial drivers, officials and experts at the annual meeting of the Transportation Research Board here said.

Eugene Mulero | Senior Reporter
January 23, 2019
Business

Heartland Express Sees Profits Jump as Fleet Gets Smaller

Heartland Express reported lower revenue but higher profits in the fourth quarter of 2018 as the company continues a program to shrink its fleet and re-establish itself as one of the nation’s most efficient truck operators.

Daniel P. Bearth | Staff Writer
January 22, 2019