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, Technology, Fuel, Autonomous

Capitol Agenda for the Week of Feb. 26: If We All Drove Electric Cars

Where, exactly, does a federal fuel-tax increase fit in with plans for funding infrastructure? A look at the week ahead for trucking on Capitol Hill.

Eugene Mulero | Senior Reporter
February 26, 2018
Business

Harbor Trucking Association, Clean Energy Forge Exclusive Partnership

The Harbor Trucking Association announced Clean Energy Fuels Corp. will be the exclusive provider of clean transportation fuels to the group, whose membership includes more than 100 drayage companies operating more than 8,000 trucks in West Coast ports.

February 26, 2018
Business

FedEx Stays Silent While Calls Mount for Boycott Over NRA Discounts

FedEx Corp., operator of the world’s largest cargo airline, has given no sign of budging from the discounts on shipping it offers to members of the National Rifle Association, even as social-media calls for a boycott mount following the deadly school shooting in Florida.

Mary Schlangenstein | Bloomberg News
February 26, 2018
Business

Oil Demand Strong Into 2020, Bank of America Analyst Blanch Says

Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing.

February 26, 2018
Business, Technology, Equipment, Autonomous, TCA

TuSimple Expands as It Readies Self-Driving Truck Technology

Though it will likely be a decade or more before commercial trucks roll down the road without human drivers, trucks with sophisticated, semi-autonomous driving systems will soon be on the street — with a person aboard to supervise.

David Wichner | The Arizona Daily Star
February 26, 2018
Business, Technology, Equipment, Autonomous

BMW, Toyota Back a Driverless Startup That Wants to Start Small

As automakers spend billions to rack up autonomous miles and map city streets, Toyota Motor Corp. and BMW AG are also betting on a startup with a more modest approach.

Gabrielle Coppola | Bloomberg News
February 26, 2018
Business, Logistics

TFI, Mullen Group Post Higher Earnings in 2017

Canadian truck and logistics firms TFI International and Mullen Group Ltd. reported increased earnings for 2017, but TFI's results were mixed in the fourth quarter while Mullen set revenue records for its trucking/logistics segment.

Burney Simpson | Staff Reporter
February 26, 2018
Business

Sales of New Homes Fall to Lowest Level Since August

U.S. sales of new homes unexpectedly fell in January to the lowest level since August as borrowing costs rose and winter weather depressed demand, according to government data released Feb. 26.

February 26, 2018
Government, Business

UPS Sues European Union for $2.1 Billion After Botched Veto of TNT Bid

UPS Inc. is suing the European Union for 1.7 billion euros ($2.1 billion) in compensation for damage it claims to have suffered when regulators wrongly vetoed its attempted takeover of parcel delivery rival TNT Express NV.

Aoife White | Bloomberg News
February 26, 2018
Business, Technology

Snider Adds Mitchell 1 Repair Capabilities

Fleet services provider Snider Fleet Solutions added Mitchell 1 diagnostic and repair capabilities to its more than 80 locations in the South and Midwest.

February 26, 2018