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, Equipment

EPA Inspector General to Audit Agency’s Emissions Test on Gliders

At the request of four Republican congressmen, the Office of Inspector General for the Environmental Protection Agency has announced plans to conduct an audit of a 2017 EPA study that concluded glider trucks are bigger polluters than trucks that meet newer federal emissions standards.

Eric Miller | Senior Reporter
September 7, 2018
Business, Technology, Equipment, Fuel, TCA

Manual Transmissions Rapidly Becoming a Thing of the Past

Bryan Berg drives a semi with a 13-speed transmission, and he’s been double-clutching and shifting gears in his rig for 30 years. He’s not about to start driving a truck that shifts automatically.

Adam Belz | Star Tribune (Minneapolis)
September 7, 2018
Business, Technology, Autonomous

AI Hedge Fund Is Said to Liquidate After Less Than Two Years

The fledgling world of AI hedge funds is claiming one of its first casualties.

September 7, 2018
Government, Business

Trump Threatens Tariffs on Additional $267 Billion of Chinese Imports

President Donald Trump said he’s ready to impose tariffs on an additional $267 billion in Chinese goods on short notice, on top of a proposed $200 billion that his administration is putting the final touches on.

Shannon Pettypiece | Bloomberg News
September 7, 2018
Business, Technology, Fuel

Tesla Erupts in Chaos After Senior Executives Leave, Musk Tokes Up

The turmoil at Tesla Inc. reached a fever pitch, as the news that two senior executives are leaving Elon Musk’s electric-car maker emerged just hours after he smoked marijuana during an hours-long interview streamed live online.

Dana Hull | Bloomberg News
September 7, 2018
Government, Business, TCA

Pilot Flying J Drops Appeal of Decision on Santa Fe Truck Stop Proposal

Pilot Flying J recently dropped its court appeal of Santa Fe County’s decision to reject a truck stop proposed for a vacant parcel south of the Santa Fe, N.M., city limits.

Tripp Stelnicki | The Santa Fe New Mexican
September 7, 2018
Government, Business

US Hiring Picked up in August as Pay Surged Most in 9 years

WASHINGTON — The pace of hiring in the United States quickened in August, and wages grew at their fastest pace in nine years — evidence that employers remain confident despite the Trump administration’s ongoing conflicts with its trading partners.

Christopher Rugaber | Associated Press
September 7, 2018
Business, Logistics, TCA

Logistics Firm Worldwide Express Moving to Philadelphia’s Navy Yard

Worldwide Express is moving its Philadelphia office from Center City to the 1200 Intrepid Ave. office building in the Navy Yard business park being developed by Liberty Property Trust.

Jacob Adelman | Philly.com
September 7, 2018
Business, Technology, Logistics, TCA

Battling Amazon, Chicago-Based ShipBob Lands $40 Million, Opens Warehouse

With $40 million in new investments announced Sept. 6, Chicago-based e-commerce logistics company ShipBob is eyeing an expansion — starting with a new fulfillment warehouse in Cicero and a push to hire 100 people in the next year.

Ally Marotti | Chicago Tribune
September 7, 2018
Government, Business

Economists Paint Rosy Forecast for Trucking

WASHINGTON — Economists for trade associations representing manufacturing, construction and retail industries said during an industry conference here that they expect positive growth to continue for the remainder of 2018, with little chance of a downturn over the next year or so despite the threat of increasing trade tensions, rising interest rates and higher costs.

Daniel P. Bearth | Staff Writer
September 6, 2018