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

J.J. Keller Working on ELD Fix; FMCSA Offers Short-Term Waiver

The Federal Motor Carrier Safety Administration is allowing carriers that have deployed electronic logging devices from J.J. Keller & Associates to temporarily revert to paper driver logs until Feb. 28 as the technology supplier works to resolve technical issues with its ELDs.

Seth Clevenger | Managing Editor, Features and Multimedia
February 15, 2018
Business

Study Identifies Benefits for Driving Simulators as Companion to In-Cab Trainers

A recent study found that driving simulators can be as effective in training truck drivers as a live teacher for tasks such as braking and shifting gears.

Burney Simpson | Staff Reporter
February 15, 2018
Business

Carriers Try Creative Compensation Programs to Bring in New Drivers

The driver shortage appears to be getting worse, with fleets launching new and enhanced compensation programs. These include Boyd Bros. Transportation trying a weekly salary, a sizzling $50,000 team bonus program from U.S. Xpress Enterprises, and a host of other deals to recruit and retain qualified drivers.

Burney Simpson | Staff Reporter
February 15, 2018
Business

Homebuilder Sentiment Remains Near Highest Level Since 1999

Confidence among American homebuilders held steady in February near the highest level since 1999, suggesting that demand for housing is expected to remain strong, according to data Feb. 15 from the National Association of Home Builders/Wells Fargo.

Shelly Hagan | Bloomberg News
February 15, 2018
Business

Output at Manufacturers Was Unchanged for Second Month

U.S. factory output was unchanged in January for a second month after a run of healthy advances consistent with ongoing expansion in the industry, Federal Reserve data showed Feb. 15.

Sho Chandra | Bloomberg News
February 15, 2018
Business

Consumer Comfort Jumps Despite Stock-Market Turbulence

U.S. consumer sentiment jumped last week to the highest level since February 2001, indicating Americans were shaking off turbulence in the stock market, according to the Bloomberg Consumer Comfort Index.

Shelly Hagan | Bloomberg News
February 14, 2018
Government, Business, Fuel

Lawmakers Say Trump Supports 25-Cent Fuel Tax Increase to Fund Infrastructure

President Donald Trump told lawmakers he would support a 25-cent-per-gallon increase in federal gasoline and diesel taxes to help pay for upgrading American roads, bridges and other public works, Sen. Tom Carper of Delaware said Feb. 14.

February 14, 2018
Government, Business, Logistics, TCA

Philadelphia Airport, in Effort to Bolster Shipping, Buys More Land

A massive, mostly vacant land parcel beside Philadelphia International Airport could become a bustling shipping hub for everything from medicine to car parts under a plan to develop the site into a new air-freight complex serving a swath of the northeastern United States.

Jacob Adelman | Philly.com
February 14, 2018
Business, Technology, Equipment, Autonomous

In the Debate on Who Will Own Autonomous Cars, Hyundai Picks Uber

As Google’s Waymo, General Motors Co. and others race to bring driverless automobiles to showrooms, the argument over who will buy cars in the technology era is getting louder.

Sohee Kim | Bloomberg News
February 14, 2018
Business, Technology

Rail Carrier Genesee & Wyoming Buys Stake in Cargomatic

Genesee & Wyoming Inc., a rail freight carrier with operations in North America, Australia and Europe, has purchased a stake in Cargomatic, a Long Beach, Calif.-based firm that uses a mobile app to connect shippers with local truck drivers.

February 14, 2018