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, Fuel

Update: Fleets, Suppliers Work to Curb Fuel Card Skimming

Fuel card skimming is on the rise. Read Dan Calabrese's report on what trucking fleets can do to thwart cyber criminals who engage in this high tech theft.

February 13, 2024
Business, Technology, Equipment

Mack Invests $14.5 Million in Roanoke Valley Expansion

Mack Trucks is investing $14.5 million to expand its manufacturing facility in Roanoke, Va., the company announced Feb. 9.

February 13, 2024
Government, Business

Oregon Trucking Association Sues State Over Excess Taxation

Three trucking companies joined the Oregon Trucking Association in suing the state, saying heavy trucks in the state are paying too much in state weight-mile taxes.

Noël Fletcher | Staff Reporter
February 13, 2024
Government, Business

US Small-Business Optimism Drops by Most Since End of 2022

U.S. small-business optimism in January suffered the biggest drop since 2022, due to weak profits and sales expectations, according to the National Federation of Independent Business.

Nazmul Ahasan | Bloomberg News
February 13, 2024
Government, Business, Safety

New Jersey Lawmakers Raise Minimum Insurance

The New Jersey Legislature has passed a law requiring heavy trucks to carry a minimum $1.5 million in liability insurance — double the current federal minimum insurance requirement of $750,000.

Eric Miller | Senior Reporter
February 13, 2024
Business, Safety

Top Truck Bottlenecks Mostly the Same, Just More Congested

A familiar congested highway spot in Fort Lee, N.J., outside New York City, once again tops American Transportation Research Institute's list of the nation’s worst trucking chokepoints.

Dan Ronan | Senior Reporter
February 13, 2024
Business, Logistics, For-Hire

XPO Looks to Lower Leverage, May Buy Back Debt Early, CFO Says

Less-than-truckload carrier XPO Inc. is working to reduce its leverage after it purchased assets from Yellow Corp. and might consider buying back some of its debt at par, its finance chief said.

Nina Trentmann | Bloomberg News
February 12, 2024
Business, Equipment, Breaking News

Class 8 Truck Sales Down 6.7% in January

Class 8 retail sales kicked off the new year with their sixth consecutive month of year-over-year declines in January, Wards Intelligence data shows.

Connor D. Wolf | Staff Reporter
February 12, 2024
Government, Business, Technology, TCA

ChargePoint Certified by Federal Risk Management Program

ChargePoint has received cybersecurity certification by the federal government, clearing the way for federal contracts and signaling a security focus in the electric vehicle ecosystem.

Skip Descant | Government Technology
February 12, 2024
Business, Technology, Equipment, Safety, Autonomous

Mobileye CEO Shashua Expects Growth in Self-Driving Adoption

Amnon Shashua, co-founder and CEO of Mobileye, sees self-driving technology moving ahead over the next few years, allowing for more widespread adoption of the functionality.

Tom Krisher | Associated Press
February 12, 2024