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, Equipment

Profits Mixed for Trucking Suppliers Wabash, Eaton, Meritor and Arconic

Three commercial vehicle suppliers and a trailer manufacturer posted, in most cases, lower but still positive earnings in their latest reports.

Roger Gilroy | Senior Reporter
February 6, 2017
Business

OEMs Eke Out 2016 Profits; European Sales Strongest

Three of the world’s largest heavy-duty truck makers remained profitable in an anemic 2016, with fourth-quarter results revealing that European sales outpaced the North American market.

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

Washington State Audit: Port of Seattle Illegally Gave Out $4.7 Million in Raises

The Port of Seattle illegally gave out nearly $5 million in raises to hundreds of employees about a year ago, a Washington state audit has concluded.

Mike Rosenberg | The Seattle Times
February 5, 2017
Business, Government, Logistics

Secret Pay Raise, Improper Gifts: Inside Port of Seattle CEO's Abrupt Departure

The CEO of the Port of Seattle secretly gave himself a $24,500 raise, improperly accepted travel gifts and sports tickets from port customers and apparently steered port business to his father's company before leaving, officials revealed Feb. 3. There also were reports of a potential sexual-harassment complaint on top of an ongoing DUI case against him.

Mike Rosenberg | The Seattle Times
February 5, 2017
Business, Technology

Replay: LiveOnWeb on 'The Safe Driver Checklist'

Drivers know a pre-trip inspection is intended to make sure that their rig is ready for the rigors of the road. What about keeping the driver safe? Our Jan. 31 LiveOnWeb program focused on The Safe Driver Checklist. We provided the practical — and critical — tips that drivers need to stay safe in all phases of their job, from pre-trip to on-road to off-road. Watch the replay.

February 3, 2017
Government, Business, Technology, Equipment

DriverTech Offers ELD With Video Capture

Onboard technology supplier DriverTech has launched a new mobile communications device that includes electronic logging capabilities and a forward-facing dash camera.

February 3, 2017
Business, Equipment, Safety

America's Biggest Asphalt Plant Is Shutting When the Country Might Need It Most

Axeon Specialty Products is shuttering the largest asphalt refinery in the United States when the country might need it most.

Robert Tuttle | Bloomberg News
February 3, 2017
Business

FreightRover Launches App-Based Freight Platform

FreightRover, an Indianapolis-based technology startup, has introduced a mobile application and web portal designed to streamline freight dispatching.

February 3, 2017
Government, Business

Texas Officials Drafting Wish List for Potential Infrastructure Funding Windfall

Steve Costello — Houston's chief resilience officer, aka "flood czar" — needed less than a second to answer how to spend a $1 trillion investment in infrastructure for America.

Dug Begley | Houston Chronicle
February 3, 2017
Business, Safety, Autonomous, Government, Technology, Equipment

Minnesota Trucking Association Chooses Matheson as Truck Driver of the Year

The Minnesota Trucking Association honored Michael Matheson, a professional truck driver for Manning Transfer, as the 2016 Minnesota Driver of the Year at its banquet in January.

February 3, 2017