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

Canadian National Reports Mixed Fourth-Quarter Results

Canadian National Railway reported earnings more than doubled in the fourth quarter, although the final figures were bolstered by the Tax Cuts and Jobs Act.

Ari Ashe | Staff Reporter
January 23, 2018
Business, Technology, Equipment, Autonomous

New Vehicles Tackle Challenges of Urban E-Commerce

Two entrepreneurs are introducing an autonomous vehicle and electric cargo bike designed to reduce the costs arising from the last-mile delivery and returns of e-commerce merchandise in urban areas.

Burney Simpson | Staff Reporter
January 23, 2018
Government, Business, Logistics

Trump Swings Into Action on Trade, Adds Edge to NAFTA Talks

Trump took his first big step toward erecting trade barriers on Jan. 22 by slapping new “safeguard” duties on solar-panel and washing machine imports to protect U.S. industry.

January 23, 2018
Business

CSX Will Adopt New Policy to Require CEOs to Receive Annual Physicals

CSX Corp. will adopt a new resolution Feb. 7 to require CEOs to undergo annual independent medical evaluations after a shareholder lobbied the company to do so shortly after Hunter Harrison’s death.

Ari Ashe | Staff Reporter
January 23, 2018
Government, Business, Technology, Equipment, Safety, Autonomous, TCA

Maine Gov. LePage Forms Panel to Examine Issues Related to Driverless Vehicles

Maine Gov. Paul LePage took a step Jan. 17 toward regulating a rapidly emerging automotive technology that in the not-too-distant future could find self-driving cars, trucks and buses operating on Maine roads.

Dennis Hoey | Portland (Maine) Press Herald
January 23, 2018
Government, Business, Technology, Equipment, Safety, Autonomous

Tesla Crash With Autopilot Triggers Safety Board’s Interest

The U.S. National Transportation Safety Board is gathering information about an accident involving a Tesla Inc. Model S sedan that rear-ended a firetruck on a freeway near Los Angeles on Jan. 22, the agency said.

Ryan Beene and Alan Levin | Bloomberg News
January 23, 2018
Business, Fuel

Trillium CNG Expanding Alt-Fuel Options for Customers

Trillium CNG, the nation’s second-largest provider of compressed natural gas fuel and related services, is expanding the type of alternative fuels it offers and will underscore how they are produced upstream to maximize emission reductions.

Roger Gilroy | Senior Reporter
January 23, 2018
Business, Logistics

YRC, Union Pacific Execs Laud Tax Reform as Boon for Transportation Industry

ATLANTA — YRC Worldwide CEO James Welch and an executive at Union Pacific predicted that tax reform will drive further economic growth and higher freight demand, but voiced concerns about the future of NAFTA and the continued challenge of attracting younger workers during a logistics conference here.

Seth Clevenger | Managing Editor, Features and Multimedia
January 23, 2018
Business, Equipment

Retread Industry Feels Pinch From Tire Imports

Low-cost truck tire imports, particularly those from China, have cut into domestic new-tire sales over the past five years. But they’ve had an even more dramatic effect on the U.S. retread tire industry.

Katie Pyzyk | Special to Transport Topics
January 23, 2018
Government, Business

Congress Awaits Infrastructure Plan Next Week; Freight Groups Oppose Tolls in Leaked Draft

WASHINGTON — President Donald Trump will need to vigorously promote his wide-ranging infrastructure funding proposal to help advance it through a skeptical Congress this year, the leader of the Senate committee on freight affairs said Jan. 24.

Eugene Mulero | Senior Reporter
January 23, 2018