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, Top 100

Another Day, Another Pay Hike for Drivers

With the annualized turnover rate at large truckload carriers soaring by the end of the first quarter, companies continued to open their checkbooks, giving pay raises to drivers as a way to keep them.

Dan Ronan | Senior Reporter
June 12, 2018
Business, Technology, Equipment, Fuel

Nikola Motor Co. Launches Hiring Drive

Nikola Motor Co. is starting the hiring process to staff its new Arizona research and development center, slated to open in November.

June 12, 2018
Business, Technology, Equipment

Allison Partnerships Will Provide Data on Transmissions

Allison Transmission Inc. has partnered with multiple North American telematics service providers to deliver transmission-health information by year-end.

June 12, 2018
Business, Fuel

Clean Energy Shareholders Approve Large Investment by Total Marketing Services

Clean Energy Fuels Corp. shareholders approved the purchase of 50.8 million shares of common stock by Total Marketing Services S.A., a wholly owned subsidiary of oil and gas company Total S.A., for gross proceeds of $83.4 million.

June 12, 2018
Business

Love’s Expands Truck Parking in Four States

Love’s Travel Stops now is serving customers at three new travel stops in Florida, New Mexico and North Carolina.

June 12, 2018
Business, Technology, Equipment

With Promised Semi on the Horizon, Tesla Cuts 9% of Workforce

Electric car maker Tesla Inc. is laying off about 3,600 workers mainly from its salaried ranks as it slashes costs in an effort to deliver on CEO Elon Musk’s promise to turn a profit in the second half of the year.

June 12, 2018
Government, Business, Safety, Logistics

US Imposes New Security Measures on Incoming Air Cargo Shipments

U.S. authorities are requiring airlines to give them more notice about certain types of cargo that officials believe may pose a security risk.

David Koenig | Associated Press
June 12, 2018
Business, Equipment

May Trailer Orders Boom Amid Jammed Up Supply Chain

ACT Research Co. reported trailer orders in May climbed 30% to 23,300, based on its preliminary estimate. Trailer makers called the ongoing surge unprecedented.

Roger Gilroy | Senior Reporter
June 12, 2018
Business, Safety, Logistics

CSX Agrees to Pay $3.2 Million for Women Harmed by Job Testing

CSX Transportation Inc. and the U.S. government asked a federal judge to approve an agreement settling sex bias allegations for $3.2 million and other relief.

Patrick Dorrian | Bloomberg News
June 12, 2018
Business, Safety

Pennsylvania State Truck Driving Championships

Photo coverage of winners and scenes from the 2018 Pennsylvania Truck Driving Championships June 8-9 in Middletown, Pa. (Photos by Eleanor Lamb/Transport Topics)

June 12, 2018