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

Spending on Trucking Services Soars in Fourth Quarter

Spending on trucking services advanced by their highest rate this decade in the fourth quarter of 2017, spurred by demand and tight capacity, according to the U.S. Bank Freight Payments Index, a quarterly measure of quantitative changes in freight shipment and spending activity tracked on a national and regional level.

Burney Simpson | Staff Reporter
January 25, 2018
Government, Business, Logistics

Forget NAFTA. The Trade War With Canada Has Already Started

Prime Minister Justin Trudeau is preparing for the possibility the U.S. may pull out of NAFTA. For Canadian companies, the trade skirmish has already begun.

Chris Fournier | Bloomberg News
January 25, 2018
Government, Business

Sen. John Cornyn's New Bill Offers Help for Local Road Projects

Sen. John Cornyn (R-Texas) touted his recently introduced infrastructure bill as a way for states and municipalities to finance highway projects at a gathering of mayors Jan. 25.

Eleanor Lamb | Staff Reporter
January 25, 2018
Business, Equipment

Caterpillar Tops Estimates Again With a Bright Outlook for 2018

If you want more evidence of a broadening expansion in the global economy, look no further than Caterpillar Inc.

Joe Deaux | Bloomberg News
January 25, 2018
Business

Union Pacific Ends 2017 on the Right Track

Union Pacific Corp. announced that profits grew to $7.3 billion or $9.25 per share, a figure that includes a line item connected to the Tax Cuts and Jobs Act.

Ari Ashe | Staff Reporter
January 25, 2018
Business, Technology, Logistics

Travelocity Founder Terry Jones Says Companies Must Innovate or Face Disruption

ATLANTA — In an era when technology is transforming many industries, companies must foster innovation to keep up with the pace of change, entrepreneur Terry Jones said in a speech to transportation leaders.

Seth Clevenger | Managing Editor, Features and Multimedia
January 24, 2018
Business, Fuel

Crude Breaks $65 as Record Drawdown Whittles US Oil Stockpiles

Crude popped above $65 a barrel for the first time in more than three years after U.S. crude stockpiles fell for a 10th week in the longest stretch of declines on record.

Jessica Summers | Bloomberg News
January 24, 2018
Government, Business

New Orleans Mayor Mitch Landrieu Calls Mayors to Action on Infrastructure

WASHINGTON — Mayors must take the lead if they hope to improve their cities’ infrastructure with the help of federal partners, according to New Orleans Mayor Mitch Landrieu.

Eleanor Lamb | Staff Reporter
January 24, 2018
Business

Shippers Plan to Move More Freight in 2018

Three out of every four shippers plan to route more freight in 2018 than last year, according to the annual State of the North American Supply Chain survey.

Ari Ashe | Staff Reporter
January 24, 2018
Business, Technology, Equipment, Safety, Autonomous, TCA

Self-Driving Car Crash Highlights Tricky Legal Question

General Motors is in a race to be the first company to mass produce self-driving cars, but a recent crash with a San Francisco motorcyclist has illustrated the tricky challenge of assigning blame when an autonomous vehicle gets in an accident.

Ethan Baron | The San Jose (Calif.) Mercury News
January 24, 2018