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, Safety

Like Father, Like Son: Thomases Win W.Va. State Titles

Randy and Jeremy Thomas, a father-son duo driving for FedEx Freight, captured state titles in different classes at the 2018 West Virginia Truck Driving Championships, and one of them was named Grand Champion as well.

Libby Seline | Special to Transport Topics
July 25, 2018
Business

CN Railroad Reports Improved 2Q Earnings on CEO’s First Day

Just hours after being officially named by its Board of Directors as the new president and CEO of Montreal-based CN Railroad, Jean-Jacques Ruest presented an improving financial picture when the company’s second-quarter results were released July 24.

Dan Ronan | Senior Reporter
July 24, 2018
Business

Rush Declares First Dividend as 2Q Revenue, Profits Climb

Truck dealership network Rush Enterprises Inc. saw revenue increase and net income spike 33% in the second quarter and announced its first-ever quarterly dividend.

Roger Gilroy | Senior Reporter
July 24, 2018
Government, Business, Technology, Fuel

16 States Join Request for Court Review of EPA’s Glider Decision

Attorneys general from 16 states have joined a request that an appeals court review a decision by U.S. Environmental Protection Agency officials to not enforce an Obama-era regulation limiting the production of glider kit trucks to 300 units per manufacturer.

Eric Miller | Senior Reporter
July 24, 2018
Business, Equipment

June Trailer Orders Clear 20,000

U.S. trailer orders in June passed 20,000 but declined for the first time in 18 months, year-over-year, held back by a fall-off in dry van orders, ACT Research Co. reported.

Roger Gilroy | Senior Reporter
July 24, 2018
Business

Tonnage Rises 7.8% in June, Up 8% in First Half of 2018

Truck tonnage continued its powerful run in June, rising 7.8% compared with year-ago levels and up nearly 8% through the first half of 2018, according to American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index.

Burney Simpson | Staff Reporter
July 24, 2018
Business, Safety

Idaho Grand Champion Tim Melody Is Living Out the Career He Always Dreamed Of

Tim Melody remembers being a child and having his father describe truck drivers to him as "knights of the highway." Now Melody, with 3.2 million safety miles and an Idaho Grand Champion title on his resume, can be considered one of those knights himself.

Keegan Wiggins | Special to Transport Topics
July 24, 2018
Government, Business, Fuel

Big Oil Is Raking in Cash, So Investors Are Asking: Now What?

The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash.

July 24, 2018
Government, Business, Fuel

Shuster Unveils Draft Infrastructure Plan

Proposing to raise taxes on fuel, ensuring the long-term solvency of the Highway Trust Fund, establishing a volunteer vehicle miles traveled program, and imposing a tax on bicycle tires are key provisions included in a draft infrastructure plan the top transportation leader in the U.S. House unveiled July 23.

Eugene Mulero | Senior Reporter
July 24, 2018
Government, Business, Technology, Safety, Autonomous, TCA

Uber’s Self-Driving Fleet Returns to Pittsburgh Roads — With Drivers in Control

Uber’s self-driving cars returned July 24 to Pittsburgh’s streets four months after one of its autonomous SUVs hit and killed a woman crossing a street in Tempe, Ariz.

Aaron Aupperlee | The Pittsburgh Tribune-Review
July 24, 2018