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

Researchers Ponder Effects of Automation on Drivers

WASHINGTON — Self-driving trucks may be years away from hitting the streets, but industry researchers already are asking how the technology will change the job and career paths for drivers of commercial trucks and buses.

Daniel P. Bearth | Staff Writer
January 16, 2017
Business

Freight Facilities a Lure for Business, Planners Say

WASHINGTON — Public officials who consider freight transportation of goods use that understanding to recruit business development.

Jonathan S. Reiskin | Associate News Editor
January 16, 2017
Business

Megaships Lucrative for Ocean Carriers, Challenging for Truckers, Ports, Panel Says

WASHINGTON — Megaships are good economically and environmentally for ocean carriers, but they pose significant challenges for ports and trucking companies, according to a panel of experts at the 2017 Transportation Research Board conference here.

Ari Ashe | Staff Reporter
January 16, 2017
Government, Business, Equipment, Safety

FedEx, Amazon Lead Twin 33s Advocacy Group

Americans for Modern Transportation, a new coalition of shippers and retailers led by FedEx Corp. and Amazon.com intends to press congressional lawmakers this year to approve nationwide access of twin 33-foot trailers.

Eugene Mulero | Senior Reporter
January 13, 2017
Government, Business

Virginia Lawmakers Considering Bill to Allow Delivery Robots on Sidewalks

It looks like a mini-Mars rover and, someday soon, it could be rolling down the sidewalk next to you as you walk to lunch or take your nightly jog.

Jordan Pascale | The Virginian-Pilot
January 13, 2017
Business

Navistar Plans to Issue Additional Notes at 8.25%

Navistar International Corp., the parent company for the International trucks brand, announced plans Jan. 12 to issue, subject to market conditions, $200 million of its 8.25% senior notes due 2021.

January 13, 2017
Business

Volvo Trucks North America Delivers Its First 2017 Engines in Canada

Volvo Trucks North America announced it recently delivered 19 D13-powered Volvo VNL 300 models to Mississauga, Ontario-based Purolator Inc., marking the first Canadian delivery of trucks equipped with Volvo’s new 2017 engines.

January 13, 2017
Business

Bison Transport Appoints Rob Penner CEO

Bison Transport appointed Rob Penner CEO. He currently is president, a post he has held since 2015, the carrier said.

January 13, 2017
Business

Illinois Road Crews Ready for Freezing Rain Expected in Weekend Storm

For Wayne Aldrich, public works director in Normal, Illinois, potential ice storms can cause a lot of stress.

Kevin Barlow | The Pantagraph (Bloomington, Ill.)
January 13, 2017
Government, Business

NHTSA: Traffic Fatalities Up 8% Last Year

The number of people who died in motor vehicle traffic accidents during the first nine months of 2016 increased by 8% over the previous year, the National Highway Traffic Safety Administration indicated on Jan. 13.

January 13, 2017