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.

Government, Business, Technology, Equipment

Trump, Chao Make Pitches to Revitalize Infrastructure

With support from Congress, critical freight routes and structurally deficient bridges would be repaired and modernized under the Trump administration’s $1 trillion, 10-year infrastructure funding plan, the president and his lead transportation adviser argued last week.

Eugene Mulero | Senior Reporter
June 12, 2017
Business, Equipment, Logistics

Opinion: Optimizing Pallet Flow Performance

Operating a warehouse requires management of forklifts, shelving and pallets to make work more efficient and help reduce wait times for truck drivers.

Ryan Wachsmuth | Sales Manager, Steel King Industries
June 12, 2017
Business

Navistar Loses $80 Million in Fiscal 2Q

Navistar International Corp. lost $80 million, or 86 cents a share, during the fiscal second quarter as the manufacturer set aside $60 million for its reserve fund to deal with used trucks with troubled engines that are largely exported.

Jonathan S. Reiskin | Associate News Editor
June 12, 2017
Business

Insurance Market Still Tough as Jury Awards Keep Rising

Trucking companies continue to struggle with a tight, expensive insurance market — paying more for vehicle liability coverage or making due with less of it — while the underwriters that remain in trucking face narrowing or vanishing profits, suggesting the years-old problem will not be leaving anytime soon.

Jonathan S. Reiskin | Associate News Editor
June 12, 2017
Business

Merchant Cash Advance Companies Try to Fix Relationship With Factors

Small trucking companies commonly turn to freight factors to quickly receive money, but merchant cash advance lenders and other small business lenders are courting these carriers, too, while repairing their negative reputation.

Ari Ashe | Staff Reporter
June 12, 2017
Business

Penske Opens Full-Service Truck Leasing Location in Windsor, Ontario

Penske Truck Leasing opened a new location in Windsor, Ontario, that is less than five minutes from the Ambassador Bridge to Detroit and offers full-service truck leasing, consumer and commercial truck rental and contract truck fleet maintenance services, the company said.

June 12, 2017
Business, Technology, Autonomous

Volvo Develops Self-Steering Truck for Farm Use

Volvo Trucks developed a self-steering truck to assist Brazilian sugar-cane growers in harvesting their crops.

June 8, 2017
Business

Texas FedEx Hub Lands Near UPS' Planned Distribution Center

A second major shipping hub has landed along Interstate 20 in Arlington, Texas.

Steve Brown | The Dallas Morning News
June 8, 2017
Business, Technology, Logistics, Autonomous

How a Technological 'Tsunami' Is Shaking Up the Supply Chain Industry

Technological advances are hitting the industry like a giant wave, Paul Dittmann, executive director of the Global Supply Chain Institute at the University of Tennessee, said.

Cortney Roark | Knoxville (Tenn.) News-Sentinel
June 8, 2017
Business, Autonomous

Autonomous Cargo Ship Latest Push by Mining Company to Slash Costs

BHP Billiton, the world’s biggest mining company, is studying the introduction of giant automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry.

David Stringer | Bloomberg News
June 7, 2017