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

Consumer Sentiment Hovers Near Highest in 12 Years

Consumer confidence was little changed in January from its highest level since the start of 2004, showing Americans are still optimistic that fresh economic policies will spur growth.

January 13, 2017
Business

Retail Sales Figures Bear Out America's Online Shopping Shift

Holiday sales at Macy's Inc., Sears Holdings Corp. and J.C. Penney Co. were anemic, and U.S. government data just confirmed it.

Jordan Yadoo | Bloomberg News
January 13, 2017
Government, Business

DOT Report: Inadequate Infrastructure Contributes to Freight Delays

Bridges and highway infrastructure in poor condition contributes to traffic congestion that often delays trucks along freight corridors, the U.S. Department of Transportation determined in a recent report.

January 13, 2017
Business

Wholesale Prices Rise for Third Time in Four Months

Wholesale prices in the U.S. rose for the third time in four months, boosted by increasing fuel costs that are pushing inflation higher throughout the economy.

Shobhana Chandra | Bloomberg News
January 13, 2017
Special Coverage, Business

Former Secretary Mineta Receives Medal for Lifetime Achievement From TRB

Norman Mineta, the country’s secretary of transportation during the Sept. 11, 2001, attacks and a former chairman of the transportation committee in the U.S. House of Representatives, received the lifetime achievement award at the Transportation Research Board’s annual meeting in Washington.

Eugene Mulero | Senior Reporter
January 13, 2017
Business

Retail Sales Picked Up in December on Motor Vehicle Demand

Sales at U.S. retailers accelerated in December on the heels of stronger demand for motor vehicles, capping a year of improvement for the nation’s merchants.

Michelle Jamrisko | Bloomberg News
January 13, 2017
Business, Logistics

XPO Lands Cummins Logistics Contract

XPO Logistics has won a contract to manage the primary parts distribution center in Memphis, Tennessee, for diversified manufacturer Cummins Inc., XPO said Jan. 11.

January 12, 2017
Special Coverage, Business, Logistics

Transportation for Urban Eating: High Demand, High Levels of Difficulty

WASHINGTON — Modern urban life presents special challenges for food transportation and distribution, including constant replenishment of stock to recipients who are often in challenging delivery locations.

Jonathan S. Reiskin | Associate News Editor
January 12, 2017
Business

Volvo Trucks North America Recalling More Than 6,000 Trucks Because of Faulty Software

Volvo Trucks North America is recalling 6,127 of its model year 2013-2017 VNL and VNM trucks and model year 2017 VNX trucks with faulty software to prevent possible contamination of the brake system.

January 12, 2017
Business

CFI Raising Driver Pay

CFI, the truckload division of the former Con-way Freight, raised driver pay this month 2 cents per mile and announced the purchase of 626 new Kenworth tractors.

January 12, 2017