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

Spot Market Skyrockets in Aftermath of Hurricane Harvey

In the days after Hurricane Harvey ravaged the Houston area, longhaul spot market prices tripled, in some cases, to between $5,000 and $10,000, according to conversations with truck drivers.

Ari Ashe | Staff Reporter
September 7, 2017
Business, Technology, Equipment, Safety, Autonomous, TCA

Lyft to Unleash Self-Driving Cars on San Francisco Roads

Self-driving Lyfts are coming to the San Francisco Bay Area, promising to give local residents a first-hand look at the technology that’s poised to dramatically change the nature of transportation.

Marisa Kendall | The Mercury News (San Jose, Calif.)
September 7, 2017
Government, Business, Technology, Equipment, Safety

House Rejects Bid to Delay Dec. 18 ELD Mandate

A last-ditch effort in the U.S. House to delay the Dec. 18 mandate on electronic logging devices for trucks was soundly defeated Sept. 6.

Eugene Mulero | Senior Reporter
September 7, 2017
Government, Business, Technology, Equipment, Safety, Autonomous

House Passes Bill to Speed Introduction of Self-Driving Vehicles

U.S. House lawmakers passed a wide-ranging bill to speed the introduction of self-driving vehicles championed by tech and auto companies racing to develop and deploy the technology.

Ryan Beene | Bloomberg News
September 7, 2017
Business, Technology, Equipment, Safety, Autonomous

China Startup Races Tesla With Driverless Trucks in Arizona

A Chinese startup with powerful backing plans to test a fleet of self-driving trucks in Arizona and Shanghai next year, competing with Uber Technologies Inc. and Alphabet Inc.’s Waymo in transforming the way goods are delivered.

September 7, 2017
Government, Business

Carriers Face Congestion, Rerouting After Harvey Devastates Texas

Ports across Texas have gradually resumed operations and inundated highways are beginning to clear, but the intermodal chain still faces challenges in Hurricane Harvey’s wake.

Eleanor Lamb | Staff Reporter
September 7, 2017
Business, Safety, Fuel

Floridians Jam Gas Stations, Highways as Hurricane Irma Bears Down

MIAMI — Florida residents picked store shelves clean and long lines formed at gas pumps Sept. 6 as Hurricane Irma, a Category 5 monster with potentially catastrophic winds of 185 mph, steamed toward the Sunshine State and a possible direct hit on the Miami metropolitan area of nearly 6 million people.

September 7, 2017
Business, Equipment

August Class 8 Orders Top 21,000, Foreshadow Production Gains in 2018

Class 8 Orders in August improved 49% year-over-year and pushed past 21,000, according to ACT Research Co.

Roger Gilroy | Senior Reporter
September 6, 2017
Government, Business

New Ambassador Bridge to Dedicate One Lane for Pre-Screened Trucks

The new span of the Ambassador Bridge, which the Detroit International Bridge Co. recently obtained a permit to build, will include a lane dedicated to pre-approved trucks moving across the border, according to Dan Stamper, president of the company.

September 6, 2017
Government, Business, Logistics, TCA, Top 50

Philadelphia Port Sees Continued Growth in Imports

The Philadelphia port continues to be on a roll, with more containerized freight, more liquid bulk cargoes, and more cars arriving at Philadelphia’s 15 piers and terminals on the Delaware River.

Linda Loyd | Philly.com
September 6, 2017