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, Fuel

Gas Flow Resumes After Canada Pipe Rupture Hits Oil Refiners

Natural gas has begun flowing again on a pipeline in British Columbia after a rupture on an adjacent line forced oil refineries in Washington to cut output and sent gasoline prices soaring up and down the West Coast.

October 11, 2018
Business, Logistics, TCA

Spanish Trucking, Logistics Firm Builds North American Hub in Chattanooga

Grupo Sesé, a major Spanish trucking and logistics company that handles the freight of many major European companies including Volkswagen, came to Chattanooga, Tenn., in late 2012 to serve VW’s U.S. assembly plant.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
October 11, 2018
Business, Fuel

Oil Falls Most in Eight Weeks as Investors Avoid Risky Assets

Crude posted the biggest decline in eight weeks as a risk-off sentiment spread through global markets. Futures tumbled 3% in New York on Oct. 11. Investors eyed a sixth day of U.S. equity losses along with heightened volatility.

Jessica Summers | Bloomberg News
October 11, 2018
Business, Technology, Logistics

Economy Puts New Demands on Logistics Firms, Surveys Find

A robust economy is placing new demands on third-party logistics service providers, based on survey results from two long-running university-sponsored studies released at the Council of Supply Chain Management Professionals annual conference in Nashville, Tenn.

Daniel P. Bearth | Staff Writer
October 11, 2018
Business, Top 100

Teamsters Ratify Five-Year Contract With UPS

The International Brotherhood of Teamsters has ratified a new five-year contract with UPS Inc. for the company’s estimated 255,000 drivers and other employees who handle small freight.

Dan Ronan | Senior Reporter
October 11, 2018
Government, Business

Supreme Court Case Could Block Motor Carriers From Using Arbitration for Contractor Disputes

Legal observers said the outcome of a case before the U.S. Supreme Court could have major implications for the trucking industry.

Eric Miller | Senior Reporter
October 11, 2018
Business, Equipment

Wabash National Co-Founder Rodney Ehrlich Dies at 72

Rodney Ehrlich, Wabash National Corp. co-founder and chief technology officer, died Oct. 9. He was 72.

Marissa Gamache | Features Coordinator
October 11, 2018
Government, Business, Technology, Equipment, Safety, Fuel

Four Democratic Representatives Seek IG Investigation of TTU Glider Study

Four House Democrats have asked the Environmental Protection Agency Inspector General to investigate a glider truck study by a Tennessee Tech University researcher. The study already is the subject of a research misconduct investigation by the university.

Eric Miller | Senior Reporter
October 11, 2018
Government, Business

Fleets Hunt for Strategies to Lower Driver Turnover

Driver turnover is on pace to hit the highest annual rate in five years, but experts point to several ways carriers can limit the churn, including better hiring interviews, bonuses, expanded benefits, use of mobile freight apps and empathy when drivers are confronting hardship.

Roger Gilroy | Senior Reporter
October 11, 2018
Government, Business, Technology, Safety, Autonomous

Senate Autonomous Bill Negotiations Continue After Heated Confirmation Fight

Senators are negotiating safety provisions in an autonomous vehicles bill that proponents insist could advance before lawmakers leave Capitol Hill ahead of the midterm elections next month.

Eugene Mulero | Senior Reporter
October 11, 2018