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, Safety

Gov. Andrew Cuomo Proposes Additional $125 Billion for N.Y. Infrastructure

New York Gov. Andrew Cuomo announced May 8 that an additional $125 billion will go toward infrastructure investment over the next five years.

Eleanor Lamb | Staff Reporter
May 9, 2018
Business

Strong Market Treats Two Suppliers Differently

First-quarter earnings reports for two companies supporting the commercial vehicle industry reflected different results amid a strong environment for freight and booming truck orders. One supplier of fuel and related services for fleets on the road had a net loss but an uptick in revenue while a diversified component supplier saw both its net income and revenue surge.

Roger Gilroy | Senior Reporter
May 9, 2018
Government, Business, Safety

Driver Pay Rising as Large Carriers Open Their Wallets

Recruiters are working to keep pace as carriers continue to increase compensation as a way of attracting and retaining drivers, a new survey found.

Burney Simpson | Staff Reporter
May 9, 2018
Business

American Factories Struggle to Increase Productivity

The United States has added 1.2 million jobs in manufacturing over the past eight years. Before you cheer for the revival of American manufacturing, consider the reason for all that job growth: abysmal productivity performance.

Peter Coy | Bloomberg News
May 9, 2018
Government, Business, Technology, Logistics, Autonomous

Capitol Agenda for the Week of May 7: Little Bills

The art of the deal under the Trump administration is taking us from the promise of having a huge infrastructure package to asking us to settle for smaller, tinier measures. Essentially, you get what you can.

Eugene Mulero | Senior Reporter
May 9, 2018
Government, Business, Autonomous

FHWA Launches Nationwide Initiative on Highway Automation

The Federal Highway Administration will host a series of meetings throughout the remainder of the year that will bring government and private-sector representatives together over the topic of highway automation

Eleanor Lamb | Staff Reporter
May 9, 2018
Business

NPTC Elects Carol Heinowski Chair of Board of Directors

Carol Heinowski, logistics manager and head of safety and compliance at Meijer Inc., was elected chairman of the National Private Truck Council at its Annual Education Management Conference and Exhibition in Cincinnati April 29-May 1.

Daniel P. Bearth | Staff Writer
May 9, 2018
Business, Logistics

FedEx to Shift $6 Billion in Pension Obligations to MetLife

FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs.

May 9, 2018
Business, Logistics, TCA, Top 100

Covenant Transport Pays $2,000 Bonuses to 44 Teams

Covenant Transport handed out $88,000 in its new team bonus program last month to 44 teams that eclipsed the 60,000 miles together to earn the company’s new $2,000-per-team bonus.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
May 9, 2018
Government, Business, Safety

Southern Nevada’s Freight Corridor Gets the Vegas Treatment

The $1 billion Project Neon will widen Interstate 15 at the U.S. 95 interchange “Spaghetti Bowl,” commonly known for its bumper-to-bumper traffic — and accidents in Las Vegas.

Eugene Mulero | Senior Reporter
May 9, 2018