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

Mayors to Congress: Help Fund Major Infrastructure Projects

Big-ticket infrastructure projects around the country need a boost from the federal government, more than 30 mayors meeting in Washington, D.C., last week told congressional leaders and Trump administration officials.

Eugene Mulero | Senior Reporter
March 6, 2017
Business

Navistar Promotes Persio Lisboa to Chief Operating Officer

Navistar International Corp. appointed Persio Lisboa to the position of chief operating officer, where he will oversee Navistar's operations, global and sales functions, effective immediately.

March 6, 2017
Business, Technology, Autonomous

Traditional Trucking Meets the 'Sharing Economy' With Miami Tech Startup Cargo42

Startup Spotlight: Through a simple-to-use app, Cargo42 provides companies an option to ship locally for a lower rate with trucks that have empty space in them. At the same time, trucking companies enjoy an additional revenue stream and maximize the trucks’ productivity.

Nancy Dahlberg | Miami Herald
March 6, 2017
Government, Business

Koch Group Warns Trump Infrastructure Plan Could Be ‘Spending Boondoggle’

An influential conservative group backed by billionaire brothers Charles and David Koch is questioning a plan to spend $1 trillion on the nation’s infrastructure and warning that one of President Trump’s signature policy initiatives could become a “spending boondoggle.”

March 6, 2017
Business, Logistics

Is a CEO Worth $200 Million? Shareholders at Rail Giant Think So

Is superstar railroad executive Hunter Harrison worth a $200 million pay package? For that matter, is any CEO worth that?

March 6, 2017
Letters to the Editor, Business

Letter: TIA Responds to OpEd About Broker Bond

Welcome to the debate seven years too late. The issue of whether there should be a broker/forwarder bond, or how much it should be, has long been debated.

March 6, 2017
Perspective, Business, Government, Safety, Autonomous, Logistics, Technology, Equipment

Opinion: Virginia Increases Availability of TWICs at DMVs

As reported in Transport Topics in early December 2016, (12-12, pp. 4, 43) American Trucking Associations President Chris Spear told a roundtable of lawmakers at a Senate hearing in Washington, D.C., that the Transportation Worker Identification Credential, or TWIC, represents the future of secure transportation.

Richard D. Holcomb | Commissioner, Virginia Department of Motor Vehicles
March 6, 2017
Editorial, Business, Safety, Government, Autonomous, Logistics

Editorial: Week Spent Looking to the Future

Conference halls from coast to coast were teeming with talk of transportation last week, with no shortage of prognostications from industry leaders about what the future holds.

March 6, 2017
Business

Clarke: Brace for Change

NASHVILLE, Tenn. — The business world of 2030 could be a model of orderly, incremental evolution, or it could bound off unexpectedly, forcing firms into obsolescence.

Jonathan S. Reiskin | Associate News Editor
March 6, 2017
Government, Business

Trump Urges Congress to Pass $1 Trillion Infrastructure Bill

WASHINGTON — Addressing Congress for the first time, President Trump was short on specifics when he called for passage of a $1 trillion infrastructure investment plan that he suggested would modernize the country’s transportation network.

Eugene Mulero | Senior Reporter
March 6, 2017