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.

Government, Safety, Business

Treatment Could Lower Crash Risk for Truckers With Sleep Apnea

Commercial truck drivers who get treatment for obstructive sleep apnea for two years may reduce their crash risk to the level of drivers without apnea, a study from Italy suggests.

Carolyn Crist | Reuters
September 28, 2016
Government, Business

OOIDA Settles With New York State For $44.4 Million

The Owner-Operator Independent Drivers Association reached a $44.4 million tax refund agreement with New York state on Sept. 21.

David Elfin | Staff Reporter
September 28, 2016
Business, Fuel

OPEC Agrees to Cut Oil Production; Pump Prices Likely to Rise

OPEC agreed to cut production for the first time in eight years, according to a delegate briefed on the matter, sending oil prices more than 6% higher as Saudi Arabia and Iran wrong-footed traders who expected a continuation of the pump-at-will policy the group adopted in 2014.

September 28, 2016
Business, Logistics

Appeals Court Rejects XPO Bid to Invalidate Texas Union Vote

The 5th Circuit Court of Appeals has rejected XPO Logistics’ bid to throw out an unfavorable union representation vote at Laredo, Texas, during 2014.

September 28, 2016
Business

Navistar's SuperTruck Concept, CatalIST, Demonstrates Engine and Fuel Efficiency

Navistar Inc. is the fourth and final original equipment manufacturer to produce a SuperTruck concept vehicle: CatalIST, a modified ProStar tractor hooked to an altered 53-foot Wabash National Corp. trailer. 

Jonathan S. Reiskin | Associate News Editor
September 28, 2016
Business, Autonomous

Uber to Move Freight, Target Trucking for the Long Haul

SAN FRANCISCO — With its recent acquisition of self-driving truck startup Otto, Uber Technologies Inc. is plotting its entry into the longhaul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry.

September 28, 2016
Government, Business, Safety, Autonomous

Responses Mixed to Proposal for Pilot Program Involving Young Drivers

While the idea clearly has strong supporters, not everyone agrees that allowing young drivers behind the wheel of big rigs is either safe or a wise solution to one of trucking’s biggest headaches: the driver shortage.

Eric Miller | Senior Reporter
September 28, 2016
Business

Daimler Trucks North America, Wabash National Issue Safety Recalls

Daimler Trucks North America and Wabash National Corp. have issued voluntary recalls, respectively, on about 1,160 Freightliner and Western Star trucks and 2,400 converter dolly trailers, the National Highway Traffic Safety Administration’s website safercar.gov reported.

September 28, 2016
Government, Business

Texas Trucking Community Unsure About Expected Weight-Limit Increase Proposal

Texas’ trucking community is divided on a plan to raise truck weight limits in designated corridors near the state’s ports, particularly Houston.

David Elfin | Staff Reporter
September 28, 2016
Business

Utility Introduces Lighter Flatbed Trailer

Utility Trailer Manufacturing Co. introduced its new 4000AE flatbed trailer.

September 28, 2016