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

Consumer Confidence Rebounds as Homebuying Plans Hit Record

U.S. consumer confidence unexpectedly rose in April to the second-highest level since 2000 as Americans grew more upbeat about both current conditions and the economic outlook, according to figures April 24 from the New York-based Conference Board.

April 24, 2018
Business, Logistics

CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp

Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.

April 24, 2018
Business, Logistics, Top 50

XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts

XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.

April 24, 2018
Business, Equipment

Trail King, Goldhofer Reach Distribution Agreement

Trail King Industries announced it would become the exclusive U.S. and Canadian distributor of highway trailers made in Germany by Goldhofer AG, which also will become the sole distributor of Trail King products globally.

Roger Gilroy | Senior Reporter
April 24, 2018
Government, Business, Technology, Safety, TCA

How Hackers Could Cause Chaos on America’s Roads and Railways

When hackers struck the Colorado Department of Transportation in a ransomware attack in February and again eight days later, they disrupted the agency’s operations for weeks.

Jenni Bergal | Stateline.org
April 24, 2018
Government, Business, Safety

Secretary Chao to Keynote Infrastructure Week

Transportation Secretary Elaine Chao is scheduled to headline this year’s Infrastructure Week starting May 14.

Eugene Mulero | Senior Reporter
April 24, 2018
Business, Technology, Equipment, Autonomous, TCA

Yamato, DeNA Test Autonomous Delivery System in Japan

On April 24, Yamato Transport Co. and DeNA Co. tested an autonomous vehicle delivery service to gauge the potential of self-driving technology in the field of logistics.

Kazuaki Nagata | Japan Times, Tokyo
April 24, 2018
Business, Logistics, TCA

Litigation Dogs Lakeville Motor Express 15 Months After Minnesota Trucking Firm Shut Down

Pressures are mounting for the owners of the defunct trucking firm Lakeville Motor Express and its affiliates.

Dee DePass | Star Tribune (Minneapolis)
April 24, 2018
Business, Technology, Equipment

Freightliner Launches Cabover Refuse Truck

LAS VEGAS — Daimler Trucks North America has introduced a low cab-forward refuse model for its Freightliner brand that the company said will complete its vocational lineup.

Joe Howard | Executive Editor
April 24, 2018
Business, Equipment

Paccar Sets Record for Quarterly Revenue

Paccar Inc. notched record quarterly revenue and soaring net income in the first quarter, benefiting from a truck market that continues to climb.

April 24, 2018