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

TransChicago Truck Group Adds Open-Deck Trailers

Truck dealership TransChicago Truck Group announced its Gary, Ind., location now is a dealership for Transcraft and Benson open-deck trailers.

July 17, 2017
Government, Business

Appropriators to Take Up Transportation Funding Bill July 17 With Meal, Rest Break Provision

House Republican leaders are measuring the degree of support within their caucus for a provision in a fiscal 2018 transportation funding bill that would pre-empt state laws on meal and rest breaks for truckers, congressional aides told Transport Topics.

Eugene Mulero | Senior Reporter
July 14, 2017
Government, Business, Safety

Driver in Logging Truck Stops Wild Police Chase in California

A 21-year-old Merced, Calif., man landed behind bars July 12 after leading authorities on a wild chase through Merced and Mariposa counties while hauling construction equipment with a stolen flatbed truck, the Mariposa County Sheriff’s Office reported.

Rob Parsons | Merced (Calif.) Sun-Star
July 14, 2017
Government, Business

Second Straight Drop in Retail Sales Shows Tepid Spending

Retail sales unexpectedly dropped for a second month in June, signaling consumers are providing only modest support for the U.S. economy, Commerce Department data showed July 14.

Michelle Jamrisko | Bloomberg News
July 14, 2017
Business

Factory Output Increased 0.2% in June

U.S. factory production increased in June in line with analysts’ forecasts, as demand for natural resources, automobiles and machinery rebounded, Federal Reserve data showed July 14.

July 14, 2017
Government, Business, Technology

Werner's Derek Leathers on Forecasting the Shifting Business Climate

Werner Enterprises CEO Derek Leathers discusses trucking's shifting business climate with TT's Daniel Bearth, part of our July 12 LiveOnWeb program on the 2017 Transport Topics Top 100 For-Hire Carrier rankings.

July 13, 2017
Business

Celadon Chairman, CEO Paul Will Steps Down

Paul Will, a 24-year executive with truckload carrier Celadon Group Inc., will be replaced as chairman and CEO on July 24.

Jonathan S. Reiskin | Associate News Editor
July 13, 2017
Business, Equipment, Logistics

Intermodal Operators Expand in E-Commerce as Online Retailers Seek to Control Costs

Intermodal rail and trucking companies are competing to meet the transportation needs of e-commerce businesses while adapting to how these new supply chains differ from those of traditional brick-and-mortar retailers.

Ari Ashe | Staff Reporter
July 13, 2017
Business, Technology, Equipment

E-Commerce Boom a Boon for 3PLs

While the e-commerce boom has been a disruptor to the traditional brick-and-mortar retail sector, it also has benefited third-party logistics companies that assist online retailers uninterested in holding inventory at their own distribution centers.

Ari Ashe | Staff Reporter
July 13, 2017
Business, Technology

Volvo VNL Unveiling

Volvo Trucks North America introduced a redesigned version of its VNL-series over-the-road tractor July 10, 2017, in Dublin, Va. (Joe Howard/Transport Topics)

July 13, 2017