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

Economist Noel Perry Says Strong Freight Market, Driver Shortage Won’t Last

PALM DESERT, Calif. – The strongest freight market in the past 50 years won’t last much beyond this year, a prominent industry economist said here last week.

Daniel P. Bearth | Staff Writer
April 12, 2018
Business, Logistics

TIA Chairman Jason Beardall Wants to Reach Out to Shippers

PALM DESERT, Calif. — Jason Beardall, president of England Logistics, wants his time as TIA chairman to be remembered for several things.

Daniel P. Bearth | Staff Writer
April 12, 2018
Business, Technology, Equipment, Fuel

Volvo Group Introduces All-Electric, Heavy-Duty Truck for European Market

Volvo Trucks on April 12 introduced its first all-electric truck for commercial use, with sales and production of its FL Electric model to start in Europe in 2019.

Roger Gilroy | Senior Reporter
April 12, 2018
Business, Equipment

Northeast Truck and Trailer Expands Network

Northeast Truck and Trailer opened a facility in Pearl, Miss., its sixth location.

April 12, 2018
Business

VW Board to Consider Truck IPO, Other Sweeping Changes

Volkswagen AG’s supervisory board is meeting April 12 to push through a change in top management and organization, after a rushed statement left more questions open than answered.

Elisabeth Behrmann | Bloomberg News
April 12, 2018
Government, Business

Older Trucks at North Jersey Ports Prompt Rep. Payne to Call for Roundtable Talks

A federal representative from New Jersey’s largest city intends to bring together freight stakeholders for a discussion about his push to reduce the number of older trucks in operation at the state’s northeast ports.

Eugene Mulero | Senior Reporter
April 12, 2018
Government, Business, Technology, Safety, Autonomous

Hyperloop Could Provide ‘Resilient Solution’ for Transportation, Expert Says

The high-speed Hyperloop transit system entrepreneur Elon Musk proposes to build on the East Coast has the potential to withstand the impact severe weather may have on older infrastructure.

Eugene Mulero | Senior Reporter
April 12, 2018
Business, Technology, Equipment, Fuel

Nikola Hires BMW Executive Jesse Schneider to Spearhead Fuel-Cell R&D

Nikola Motor Co. has hired Jesse Schneider as vice president of hydrogen and fuel-cell technologies.

April 12, 2018
Government, Business

California Trucking School Charged in $4.3 Million VA Fraud

Surely former Pittsburgh Steelers quarterback Terry Bradshaw had no way of knowing that a California truck driver training school he was featuring on his TV “news program” in 2014 was at the same time being investigated for bilking the Veterans Administration out of millions of dollars for students that never even intended to show up for classes.

Eric Miller | Senior Reporter
April 12, 2018
Business, Technology

Walmart Favored Over Amazon to Buy India’s Flipkart

Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com.

Saritha Rai | Bloomberg News
April 11, 2018