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, TCA

Minnesota’s New Senator Prepares to Fight for Teamsters Pensions

Minnesota Sen. Tina Smith met with retired Teamsters on Jan. 6 to talk about a proposed solution to the problems facing their pensions.

Adelle Whitefoot | Duluth (Minn.) News Tribune
January 8, 2018
Business

Ford Offers F-150 Model With Diesel Engine

Ford Motor Co. announced a 3.0-liter Power Stroke diesel will be available spring 2018 in its F-150 pickup truck.

January 8, 2018
Business, Equipment, TCA

Navistar Expects Strong Year for Truck Manufacturer

Navistar executives predict 2018 will be a strong year for the Springfield, Ohio manufacturer. The company reported a profit of $30 million in 2017 — its first annual profit in six years — a result company officials called a breakthrough year for the truckmaker.

Matt Sanctis | Dayton (Ohio) Daily News
January 8, 2018
Government, Business, Technology, Equipment, Safety, Autonomous

Can Bridges Handle Weight of Platooning Trucks? Engineering Firm Wants to Know

WASHINGTON — While truck-to-truck communication, driver training and safety have advanced the effort to hasten platooning to market, another critical aspect is looming and just may cause momentum to pull back some: the impact on infrastructure.

Lorrie Grant | Managing Editor
January 7, 2018
Government, Business

Value of NAFTA Freight Jumped in October, BTS Finds

The United States carried more freight by value with its North American Free Trade Agreement partners in October 2017 than in October 2016, according to a study released by the Bureau of Transportation Statistics Jan. 4.

Eleanor Lamb | Staff Reporter
January 5, 2018
Business, Logistics

Survey: Driver Shortage Explains Unseated Trucks

More than 90% of fleets had unseated trucks in the fourth quarter despite the capacity crunch the industry is facing, according to the Trends in Truckload Recruitment and Retention report, a nonscientific survey of recruiters at the fleet clients of Driver iQ.

Burney Simpson | Staff Reporter
January 5, 2018
Business, Technology, Equipment, TCA

Faster Page Loads Deliver Truckloads of New Drivers for U.S. Xpress

Traffic jams and speed limits may prevent truckers from driving any faster, but America’s largest independent truckload carrier has found a way to speed its internet connections with drivers across the country to help address its truck driver shortage.

January 5, 2018
Business

US Services Index Falls to Four-Month Low as Orders Moderate

America’s service industries expanded in December at the weakest pace in four months as orders cooled at companies that make up the bulk of the economy, a survey from the Institute for Supply Management showed Jan. 5.

Vince Golle | Bloomberg News
January 5, 2018
Business

Class 8 Orders Up 75% Year-Over-Year to 37,500

North American Class 8 orders in December rolled past 37,000 and improved 75% year-over-year, ACT Research Co. reported.

Roger Gilroy | Senior Reporter
January 5, 2018
Business, Logistics

US Trade Deficit Balloons to Widest in Almost Six Years

The U.S. trade deficit in November reached the highest level in almost six years as an increase in imports exceeded a gain in shipments overseas, Commerce Department data showed Jan. 5.

January 5, 2018