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

Retail Sales Jump More Than Forecast in Broad Advance

Sales at U.S. retailers rose in October more than forecast in a broad advance after an even stronger September than initially estimated, showing consumers continue to pump up the economy.

Sho Chandra | Bloomberg News
November 15, 2016
Business, Equipment

Cummins Rejects Allegations of Emissions Cheating with 6.7L Engine

Diesel engine manufacturer Cummins Inc. denied claims it intentionally programmed engines used in Dodge Ram heavy-duty pickup trucks to increase emissions levels beyond the regulated amount, as alleged in a lawsuit filed Nov. 14.

Roger Gilroy | Senior Reporter
November 15, 2016
Business, Equipment

Accuride Shareholders Approve Merger With Crestview Partners

Commercial wheel and wheel-end supplier Accuride Corp. reported that its shareholders approved the proposed merger with Crestview Partners, a New York-based private equity firm.

November 15, 2016
Government, Business, Technology

Capitol Agenda for the Week of Nov. 15: Lame Duck on the Menu

Just in time to avoid the swamp draining of Washington, D.C., that President-elect Donald Trump has promised, members of Congress return to Capitol Hill this week for what looks to be a brief and uneventful lame duck.

Eugene Mulero | Senior Reporter
November 15, 2016
Government, Business

Oklahoma City Mayor Touts New Technologies, P3s to Fund Infrastructure

WASHINGTON — Enhancing transportation technologies and establishing partnerships with investors to finance large-scale infrastructure projects are ideal ways for cash-strapped cities to boost their economies, Oklahoma City Mayor Mick Cornett told a group of transportation observers here Nov. 14.

Eugene Mulero | Senior Reporter
November 14, 2016
Business

UPS Airline Mechanics Heat Up Talks With Strike Authorization

Airline maintenance technicians and other employees who service UPS Inc. aircraft have voted to authorize a strike after three years of contract talks. The vote does not indicate a strike is imminent but is meant to increase pressure in negotiations. Teamsters Local 2727 made the announcement Nov. 14 in a move that has little practical effect for the holiday season.

Ari Ashe | Staff Reporter
November 14, 2016
Business

October Looked Very Good for US Ports

October was a great month at several of the top ports in the United States and a record-breaking one at the biggest port, according to newly released monthly numbers on Nov. 14.

Ari Ashe | Staff Reporter
November 14, 2016
Business, Logistics

Echo Global Logistics Reopens Chicago Headquarters

Echo Global Logistics celebrated the reopening of its Chicago headquarters at a ceremony with Mayor Rahm Emanuel on Nov. 14.

Ari Ashe | Staff Reporter
November 14, 2016
Government, Business

Analysis: The Trouble With Donald Trump's Infrastructure Plan

During the Obama years, most conservatives were against fiscal stimulus and most liberals were for it. Now that President-elect Donald Trump has proposed a major boost in government spending, many commentators will feel urges to migrate to the opposite positions.

Tyler Cowen | Bloomberg News
November 14, 2016
Business, Equipment

13.2% of Brake Week Inspections Result in Out-Of-Service Orders

Commercial motor vehicle officers reported 13.2% of inspections resulted in out-of-service orders for brake violations during a weeklong brake enforcement operation, compared with 12.3% last year and 16.2% in 2014.

Eric Miller | Senior Reporter
November 14, 2016