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

Infrastructure Investments ‘Something We Will Agree On’ With Trump, Says Colorado Gov. Hickenlooper

WASHINGTON — Proposals designed to increase funding for infrastructure projects could bring together most governors and the Trump administration, Gov. John Hickenlooper (D-Colo.) said Feb. 24.

Eugene Mulero | Senior Reporter
February 24, 2017
Business

James Hoffa Wins Teamsters Election But Faces Declining Union Membership

James Hoffa has officially won re-election to serve another term as general president of the International Brotherhood of Teamsters, after election supervisor Richard Mark certified the vote on Feb. 16.

February 24, 2017
Business, Technology

Embark Enters Race to Develop Autonomous Trucks

A new technology company has joined the race to develop autonomous driving systems for commercial trucks. Embark, a startup based in San Mateo, California, is working to build self-driving technology that would allow trucks to run on highways with no human input.

Seth Clevenger | Managing Editor, Features and Multimedia
February 24, 2017
Business

The Voice of Mack the Truck Raves About Trucking

NASHVILLE, Tenn. — The son of a Texaco truck driver from Bridgeport, Connecticut, actor John Ratzenberger has always had a strong affinity for the industry. So after he became famous as voluble mailman Cliff Clavin in the 1980s sitcom “Cheers” and voicing Hamm the Piggy Bank in the animated “Toy Story” movies, it was natural for Ratzenberger to lend his vocal talents to a truck in “Cars,” another Pixar film.

David Elfin | Staff Reporter
February 24, 2017
Business

ATA's Bob Costello: Better Year in Store for Trucking

NASHVILLE, Tenn. — After the trucking industry endured what he termed “a freight recession” last year, American Trucking Associations' chief economist, Bob Costello, predicts a rosier 2017.

David Elfin | Staff Reporter
February 24, 2017
Business

Texas Truck Drivers Urged to Fight Human Trafficking

Semitrailer drivers are being asked to keep their eyes on more than the road as state and local officials continue their fight to end human trafficking.

Aaron Martinez | El Paso (Texas) Times
February 24, 2017
Business

Sales of New US Homes in January Were Slower Than Forecast

Purchases of new U.S. homes in January were slower than forecast, signaling an increase in mortgage rates may be giving some potential buyers pause.

Patricia Laya | Bloomberg News
February 24, 2017
Business

Consumer Sentiment Shows First Drop Since US Election

Consumer confidence fell for the first time since November’s election, as party lines divided Americans following a boost in enthusiasm for the new administration’s economic policies.

Austin Weinstein | Bloomberg News
February 24, 2017
Government, Business

Truck Drivers Can Pay Tolls in Texas With PrePass

Help Inc. announced that its PrePass transponders can now pay tolls at facilities run by the Texas Department of Transportation, North Texas Tollway Authority and the Harrison County Toll Road Authority.

February 24, 2017
Government, Business

Trump's Nafta Revamp Could Hit Close to Home for Key US Industries

American companies importing vehicles and their parts, electronics and fruit from south of the border would be well-advised to keep a close eye on the future of Nafta.

Austin Weinstein | Bloomberg News
February 24, 2017