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, Equipment

Locomotive Manufacturer, Union Agree to End Two-Month Strike

Wabtec and its striking union workers have reached a tentative agreement that could end a two-month strike that saw about 1,400 people walk off the job at its Pennsylvania plant.

August 31, 2023
Government, Business, Equipment, For-Hire

Used Truck Market Can Likely Handle Yellow Liquidation

Used trucks and trailers owned by bankrupt Yellow Corp. are set to come up for auction in unprecedented numbers, but the market can handle it, say observers.

Keiron Greenhalgh | Staff Reporter
August 31, 2023
Government, Business, Safety, Fuel, Logistics

Florida Starts to Recover as Idalia Rain Hits North Carolina

Florida has started to dig out from the aftermath of Idalia, which weakened to a tropical storm even as it brought heavy rain across Georgia and the Carolinas.

August 31, 2023
Government, Business, Technology, Equipment, Fuel

Composite Use Cuts International SuperTruck II Mass by 60%

Navistar’s International SuperTruck II achieved a 60% reduction in weight compared with the baseline model due to a composite cab and trailer box, TPI Composites said.

Keiron Greenhalgh | Staff Reporter
August 30, 2023
Government, Business, Technology, Equipment, Fuel

Trucking Urges Zero-Emission Approach That Goes Beyond EVs

Alternatives for reducing emissions that go beyond a federal regulatory push to expand use of battery-electric  trucks exist for both near- and longer-term applications, experts said.

Noël Fletcher | Staff Reporter
August 30, 2023
Business, Logistics, Private

Tyson Foods Reorganizes, Appoints New Supply Chain Chief

Tyson Foods will centralize areas such as transportation and warehousing under fresh meats head Brady Stewart in the food giant’s latest effort to restore profits.

Gerson Freitas Jr. | Bloomberg News
August 30, 2023
Government, Business, Safety

Hurricane Idalia Swamps Southeast, Closes Highways

Hurricane Idalia made landfall Aug. 30 in Florida as a Category 3 storm and unleashed devastation along a wide stretch of the Gulf Coast.

Daniel Kozin | Associated Press
August 30, 2023
Government, Business, Safety

Traffic Deaths Fall 3% in First Half of 2023, Report Finds

Traffic fatalities declined by an estimated 3% during the first six months of 2023 while miles traveled by U.S. motorists increased 2.3% across the same period of time, a new report found.

Dan Ronan | Senior Reporter
August 30, 2023
Government, Business

US Economic Growth for Q2 Revised Down to 2.1%

The economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs, the government said Aug. 30.

Paul Wiseman | Associated Press
August 30, 2023
Government, Business, Safety

FMCSA Proposes Changes to Carrier Fitness Determination

Federal trucking regulators are seeking public comment on a proposal to modify the current three-tier safety motor carrier fitness rating structure, including a review of data and other resources.

Eric Miller | Senior Reporter
August 30, 2023