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

US Motor Travel Rises by 2.9% in September Amid Low Gasoline Prices

U.S. motorists logged 2.9% more miles in September versus last year, new federal data showed, continuing a record-setting pace amid low gasoline prices and lower unemployment.

Jarrett Renshaw | Reuters
December 5, 2016
Government, Business

House Speaker Paul Ryan Says Infrastructure Funding Is High Priority Next Year

Determining the most efficient way for boosting funds for new and existing infrastructure projects will be a top priority for the Republican-led U.S. House next year, Speaker Paul Ryan (R-Wis.) said Dec. 5.

Eugene Mulero | Senior Reporter
December 5, 2016
Business, Logistics

Teamsters Question Proposed New Stock Compensation Cap at XPO Logistics

The International Brotherhood of Teamsters is concerned about a proposed change at XPO Logistics that would increase the maximum number of shares it can issue as compensation 400%, from 500,000 shares to 2.5 million, the union wrote in a Dec. 1 letter to the company’s board of directors.

December 5, 2016
Government, Business, Technology

Tennessee DOT Chief Says Driverless Technology Poses Challenges for Road Planners

Self-driving vehicles present the biggest challenge for road planners since horse and buggies gave way to automobiles in the early 20th Century, Tennessee's transportation chief says.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
December 5, 2016
Editorial, Business

Editorial: Trucking: A Hotbed for Innovation

A growing number of technology developers, searching for the next big industry ripe for transformation, have set their sights on trucking.

December 5, 2016
Business, Fuel

Electric Class 8 Introduced

SALT LAKE CITY — Nikola Motor Co. displayed its Nikola One hydrogen-electric Class 8 tractor at its headquarters here.

Mindy Long | Special to Transport Topics
December 5, 2016
Perspective, Business, Government, Safety, Autonomous

Opinion: Coating Crucial to Stopping Tank Corrosion

In truck and rail tankers and beyond, chemically bonded phosphate ceramics can stop corrosion, improve safety, extend equipment life and minimize maintenance and downtime.

December 5, 2016
Business, Fuel

Diesel Prices Expected to Climb Following OPEC Cuts in January

The U.S. average retail price of diesel fell 0.1 cent to $2.420 a gallon, according to the Department of Energy, but fuel prices are likely to rise soon, one analyst said.

Roger Gilroy | Senior Reporter
December 5, 2016
Business, Logistics

Transport, Logistics Firms Use Workplace as Training Ground for Future Leaders

The skills needed to run a successful transportation company today are quite different from what was required in the past, and that has many firms turning to workplace training and education partnerships to find the right people to help them flourish in a fast-changing business environment.

Daniel P. Bearth | Staff Writer
December 5, 2016
Business

Whittington Steps Down as CEO; Middleton Takes Post at Grammer

Charles “Shorty” Whittington has stepped down as CEO of Grammer Industries, and Bart Middleton has succeeded him, the Indiana-based hazardous materials carrier announced Nov. 30.

David Elfin | Staff Reporter
December 5, 2016