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

England Logistics President Beardall Begins Tenure as TIA Chairman

LAS VEGAS — England Logistics President Jason Beardall has officially begun his tenure as chairman of the Transportation Intermediaries Association, following the 2017 TIA Capital Ideas Conference.

Ari Ashe | Staff Reporter
April 11, 2017
Business, Fuel

Drivers Won't Pay Much More at Pump This Summer

American drivers paying the most for gasoline since 2015 can take some comfort from forecasts that prices don’t have much further to rise.

Sarah Ponczek | Bloomberg News
April 11, 2017
Business, Logistics

Why XPO's Billionaire CEO Brad Jacobs Is Putting Dealmaking on Hold

Brad Jacobs made a fortune during a decadeslong wave of mergers and acquisitions. Now he’s putting dealmaking on hold and focusing his attention on expanding XPO Logistics Inc. from the inside.

Tom Metcalf | Bloomberg News
April 11, 2017
Business

Job Openings in US Climbed in February to a Seven-Month High

U.S. job openings climbed in February to a seven-month high, signaling a resilient labor market, a Labor Department report showed April 11.

Sho Chandra | Bloomberg News
April 11, 2017
Business, Logistics

Knight, Swift Merge to Form $5.1 Billion Truckload Carrier

Knight Transportation Inc. and Swift Transportation are merging to create what they say will be the trucking industry's largest full truckload company: Knight-Swift Transportation Holdings Inc.

April 10, 2017
Business, Logistics

Video: How the Knight-Swift Merger Affects Drivers

In this video posted April 10 on Knight Transportation's Facebook page, Knight Executive Chairman Kevin Knight says Swift Transportation and Knight Transportation will remain independent brands and operations after their merger announcement.

April 10, 2017
Business, Equipment

Eaton, Cummins to Form Joint Venture for Automated Transmissions

Eaton Corp. and Cummins Inc. have agreed to form a joint venture to produce automated transmissions for medium- and heavy-duty trucks, a move that would deepen the suppliers’ long-standing powertrain alliance.

Seth Clevenger | Managing Editor, Features and Multimedia
April 10, 2017
Business, Fuel

Diesel Rises 2.6¢ to $2.582 a Gallon

The U.S. average retail price of diesel rose 2.6 cents to $2.582 a gallon, the Department of Energy reported April 10.

April 10, 2017
Government, Business, Technology

Funding Boost Needed for Autonomous Vehicle Technology, Senators Say

Additional funding would help advance the U.S. Department of Transportation’s testing and deployment of connected and autonomous vehicle technologies, nine senators recently told the leaders of a transportation funding subcommittee.

Eugene Mulero | Senior Reporter
April 10, 2017
Business

Retired New York Teamsters to Get Few More Months Before Benefits Decline

Retired truck drivers will have at least a few more months before any pension cut lowers their monthly benefits after administrators of the New York State Teamsters Conference Pension and Retirement Fund temporarily withdrew their application to the Department of the Treasury.

April 10, 2017