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

Stoughton Lease to Install SmartTruck’s TopKit on All Rental Trailers

SmartTruck announced its TopKit aerodynamic components will be installed on Stoughton Lease’s entire fleet of rental trailers.

May 5, 2017
Government, Business

Commerce Secretary Says TPP Could Form Starting Point for US on NAFTA Talks

Commerce Secretary Wilbur Ross said parts of an Asia-Pacific trade deal rejected by the Trump administration could form the basis of a revamped North American Free Trade Agreement.

May 5, 2017
Business

Geotab to Monitor Trucks in NACFE’s Fuel-Efficiency Roadshow

The North American Council for Freight Efficiency announced telematics provider Geotab Inc. will install its devices on all the trucks participating in the group’s cross-country “Run on Less” roadshow, a first-of-its-kind showcase of advancements in fuel-efficiency components.

May 5, 2017
Business

YRC Worldwide Loses $25.3 Million in First Quarter, Misses Analyst Estimates

YRC Worldwide Inc. lost more than double the amount of money than it did a year ago, marking 10 consecutive years the less-than-truckload carrier ended the first quarter in the red.

Ari Ashe | Staff Reporter
May 4, 2017
Government, Business

TIGER Grants Live On in Fiscal 2017 Funding Bill Backed by Congress

Legislation that would ensure funding for the federal government through the end of September advanced with funding for the Obama-era grants for infrastructure projects.

Eugene Mulero | Senior Reporter
May 4, 2017
Business, Fuel

World Buying American Diesel as Fast as Refiners Can Make It

The international market has a message for American refiners: Stay calm and keep turning crude into diesel.

Laura Blewitt | Bloomberg News
May 4, 2017
Business

Factory Orders Rise for Fourth Straight Month

New orders for U.S.-made goods increased for a fourth straight month in March and orders for capital equipment were stronger than previously reported, pointing to a sustained recovery in the manufacturing sector.

Lucia Mutikani | Reuters
May 4, 2017
Business

Trade Gap Narrower Than Forecast as Service Exports Rise

The U.S. trade deficit was narrower than forecast in March as record exports of services partly cushioned a drop in merchandise shipments, Commerce Department data showed May 4.

Patricia Laya | Bloomberg News
May 4, 2017
Business, Government, Logistics

American Consumer Comfort Remains Close to a 15-Year High

Consumer confidence last week held close to the highest level in more than 15 years as Americans felt a little better about their finances and whether it’s a good time to spend, Bloomberg Consumer Comfort Index data showed May 4.

Michelle Jamrisko | Bloomberg News
May 4, 2017
Business

Productivity Falls by Most in a Year; Labor Costs Climb

U.S. worker productivity declined in the first quarter by the most in a year as growth in the world’s largest economy weakened, a Labor Department report showed May 4.

Sho Chandra | Bloomberg News
May 4, 2017