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

Former Transportation Lawyer James Hardman Dies at 86

James Hardman, a transportation lawyer and former general counsel of Dart Transit Co., died Aug. 8. He was 86.

Daniel P. Bearth | Staff Writer
August 30, 2017
Business

Equity Group Buys Majority Stake in Chemical Hauler Odyssey

A private equity group has reached a deal to become the majority owner of Odyssey Logistics & Technology, a third-party logistics company specializing in chemical transportation.

Ari Ashe | Staff Reporter
August 30, 2017
Government, Business, Equipment

Mississippi Transportation Commission Opposes Longer Combination Trucks

Legislation that would authorize the use of twin 33-foot trailers nationwide would decrease safety and damage freight infrastructure, the Mississippi Transportation Commission recently told a federal policymaker.

Eugene Mulero | Senior Reporter
August 30, 2017
Government, Business

Kansas DOT Grants Help Ease Freight-Route Congestion

Certain cities in Kansas are using state Department of Transportation funding to reshape roads near distribution centers that draw freight congestion.

Eleanor Lamb | Staff Reporter
August 30, 2017
Government, Business, Logistics

Trump’s Planned Infrastructure Boom Bumps Up Against Worker Shortage

President Donald Trump’s plan to boost the economy with millions of jobs rebuilding roads, bridges and ports has a snag, the construction industry says: There aren’t nearly enough skilled workers to fill them.

Mark Niquette | Bloomberg News
August 30, 2017
Business

Companies Add More Jobs Than Forecast, ADP Data Show

Companies added more workers than forecast in August, indicating the U.S. job market remains solid, according to data released Aug. 30 from the ADP Research Institute in Roseland, New Jersey.

August 30, 2017
Business

Second-Quarter Growth Revised to 3% in Momentum Boost

U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Aug. 30.

August 30, 2017
Business, Technology, Equipment, Autonomous

Wabco, Nexteer Sign Long-Term Cooperation Agreement

Wabco Holdings Inc. signed a long-term cooperation agreement with Nexteer Automotive, a provider of intuitive motion control, as it prepares for the advent of self-driving commercial vehicles, according to the company.

August 30, 2017
Government, Business

FHWA Gives $25 Million to Texas Relief

Secretary of Transportation Elaine Chao announced Aug. 29 that the Federal Highway Administration will make $25 million in emergency relief funds available to Texas in order to repair some of the damage wrought by Hurricane Harvey.

August 29, 2017
Government, Business, Technology, Equipment, Safety

Impact of 'Phased-In' ELD Mandate

TT's Seth Clevenger and Eric Miller discuss the impact of the Aug. 28 announcement that CVSA will employ a "phased-in" enforcement of the electronic logging device mandate that takes effect Dec. 18, 2017.

August 29, 2017