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, Business, Technology

Rep. Fred Upton Wants NHTSA to Look at Vehicle Hacking

WASHINGTON — Leaders of a key congressional committee want auto safety regulators to tell them what they are doing to address concerns that vehicle safety may be compromised by hackers who may be able to affect automobiles by tapping into their systems through diagnostic ports and devices.

Todd Spangler | Detroit Free Press
September 13, 2016
Business, Technology

Robot-Vehicle Ethics Need Urgent Societal Review, Bill Ford Says

The great-grandson of Henry Ford called on the auto industry and public institutions to address ethical issues emerging in a world where robot vehicles will make life-and-death decisions in roadway crashes — and to do it soon.

Keith Naughton | Bloomberg News
September 13, 2016
Business, Government

Ports of Virginia and Charleston Report Record August Volume

Two top ports on the East Coast reported that August was a record month for containers, although the data reflects the period before Hanjin Shipping Co. filed for bankruptcy on Aug. 31.

September 13, 2016
Business, Safety

In Ohio, Large Trucks Get the Blame, but Car Drivers Cause Majority of Wrecks

Nationwide, fatal crashes involving large trucks and buses have dropped for decades. But with more trucks and more small cars on the road, the number of truck-involved crashes on Ohio roads has been rising in recent years.

Thomas Gnau | Springfield News-Sun (Ohio)
September 13, 2016
Business

Old Dominion Sets 4.9% Rate Increase

Old Dominion Freight Line Inc. has joined the parade of less-than-truckload carriers that have announced rate increases in recent weeks, scheduling an average 4.9% increase on several tariffs that take effect Sept. 26.

September 13, 2016
Government, Business

Global Logistic Properties to Buy US Warehouses for $1.1 Billion

Global Logistic Properties, the second-largest owner of U.S. industrial real estate, agreed to buy $1.1 billion of warehouses from Hillwood Development Co.

September 13, 2016
Business

NorthStar Batteries Standard on DTNA’s ParkSmart Trucks

NorthStar Battery Co. has entered into a seven-year agreement to supply batteries to Daimler Trucks North America as part of DTNA's improvements to the next-generation Cascadia truck, including making NorthStar's Ultra High Performance Pure Lead AGM batteries “a standard” on all ParkSmart-optioned trucks.

September 13, 2016
Business, Fuel

IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017

The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International Energy Agency reported.

Grant Smith | Bloomberg News
September 13, 2016
Government, Business

ATA Seeks 30-Day Extension for Speed Limiter Comments

American Trucking Associations, along with 50 state trucking associations, is asking for a 30-day extension to the comment period for the recently published proposed rule requiring speed limiters on large trucks.

September 12, 2016
Business

CRST Buys Gardner Trucking in its Largest Acquisition

CRST International Inc. announced it has acquired California-based Gardner Trucking Inc., the buyer’s largest acquisition, to take a step closer toward its goal of becoming a $2 billion annual revenue company within two years.

September 12, 2016