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.

Letters to the Editor, Business, Autonomous, Government

Letter: Schools Should Encourage Careers in Trucking

This week's letter writer urges schools to consider trucking as a potential vocation for students.

February 6, 2017
Editorial, Business, Safety, Government, Fuel, Logistics

Editorial: Let’s Get Started, Secretary Chao

While Republican leaders in Congress seem to be in no hurry to address the country’s infrastructure, there’s an entirely different feeling surrounding President Trump’s pick to be transportation secretary, Elaine Chao, who was confirmed easily last week.

February 6, 2017
Perspective, Business, Safety, Government, Autonomous

Opinion: Share the Message of Trucking’s Importance

I read the chairman’s profile of Kevin Burch (10-10, p. 1), and quite frankly, he is a man after my own industry heart — and others should feel the same way.

February 6, 2017
Business

Volvo Group Ends Production of 16L Engines in North America

Choices for the largest diesel truck engines are thinning as Volvo Trucks North America and Mack Trucks are getting out of the 16-liter business.

February 6, 2017
Business

Chao Confirmed as DOT Chief; Tech, Infrastructure Top Agenda

Directing the resources of the U.S. Department of Transportation to revamp the country’s infrastructure and establishing a policy framework for autonomous vehicles will be the top priorities for the Trump administration, said Elaine Chao, the country’s newest secretary of transportation.

Eugene Mulero | Senior Reporter
February 6, 2017
Business

2016 Cargo Thefts Hit $114 Million; Food, Drinks, Electronics Top Targets

Cargo thefts fell for the third consecutive year, but the value of the stolen goods vaulted 13.3% to $114 million, according to CargoNet.

Ari Ashe | Staff Reporter
February 6, 2017
Business

States, Environmentalists Seek to Intervene in Federal Phase 2 Greenhouse-Gas Appeal

Eight states, including California, and five environmental advocacy groups have asked a U.S. appellate court for permission to intervene in a civil case between the Truck Trailer Manufacturers Association and two federal agencies concerning the final Phase 2 greenhouse-gas rule — just one month after TTMA filed its petition for review.

Jonathan S. Reiskin | Associate News Editor
February 6, 2017
Business, Technology

States Partner for Testing, Research of Autonomous, Platooning Vehicles

Three states are joining forces to work on autonomous and connected vehicles research and testing.

David Elfin | Staff Reporter
February 6, 2017
Business

UPS Takes $239 Million Loss in 4Q Because of Charge on Pension Assets

UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets worth $1.67 billion after taxes from what was an otherwise profitable period. For the last three months of 2015, the after-tax charge was $79 million.

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

Truckload Profits Beat Estimates From Analysts in Quarter

Truckload companies posted quarterly results that outperformed the negative predictions from industry analysts, although profits were lower for some.

Ari Ashe | Staff Reporter
February 6, 2017