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

Highway Fatalities Jumped 7.2% Last Year, DOT Says

U.S. highway fatalities in 2015 jumped 7.2% to 35,092, an increase of 2,348 deaths from 2014, the U.S. Department of Transportation reported Aug. 29.

Eric Miller | Senior Reporter
August 29, 2016
Business, Government, Safety, Autonomous

Regulations, Business Trends Put Pressure on Private Fleets

Operators of corporate-owned truck fleets are facing pressure to keep up with a growing number of regulations while also dealing with legal and business issues that go well beyond the traditional realm of equipment maintenance and driver management.

Daniel P. Bearth | Staff Writer
August 29, 2016
Business

Peterbilt Offers New Advanced Safety Systems, Lightweight Components for 567 and 579 Models

Peterbilt Motors Co. now offers the Bendix Wingman Fusion advanced driver assistance safety system, which includes lane departure warning, enhanced collision mitigation and in-lane object recognition for its 579 and 567 over-the-road and vocational models, respectively.

August 29, 2016
Business

New Route Brings Cargo to Philadelphia via Bigger Panama Canal and 'Panamax' Ships

With the long-awaited $5.4 billion Panama Canal expansion completed and allowing bigger ships to carry more cargo through the waterway, some of those larger vessels are coming to the Port of Philadelphia.

Linda Loyd | Philly.com
August 29, 2016
Government, Business

Pennsylvania Lawmaker Meets With Trucking Leaders About Driver Shortage

U.S. Rep. Ryan Costello, a Chester County Republican who represents part of Berks County, was in Wyomissing, Pennsylvania, on Aug. 16 for the Commercial Drivers License Roundtable hosted by Berks Technical Institute

Dan Kelly | Reading (Pa.) Eagle
August 29, 2016
Business

Teamsters Leadership Candidates Trade Barbs in Only Debate Before Election

WASHINGTON — Teamsters leadership candidates who squared off in the only debate before the fall union election blended their focus on key issues such as retiree pensions with exchanges about their past deeds and frequent name-calling.

Rip Watson | Special to Transport Topics
August 29, 2016
Business, Autonomous

Otto’s Autonomous Trucks Drive Almost 24/7 to Refine Technology of Tomorrow

For now, Otto is focused on logging as many test miles as possible with its five (soon to be six) retrofitted Volvo cabs that it runs almost 24/7 on highways in the Bay Area and elsewhere.

Carolyn Said | San Francisco Chronicle
August 29, 2016
Business, Fuel

Chevron Unveils Lineup of New CK-4, FA-4 Oils

Chevron Products Co., a division of Chevron U.S.A. Inc., has introduced its new line of Delo 400 API CK-4 and FA-4 heavy duty motor oils coming Dec. 1. 

August 29, 2016
Business

Amazon Fuels Growth at Covenant Despite Overall Rough Road for Trucking

America's trucking industry, already struggling with a drop in truck shipments during the first half of 2016, could soon face competition from a behemoth of the logistics industry — Amazon.

August 29, 2016
Business, Technology

ONE20 Launches App to Help Drivers Plan Trips, Save Money

Technology startup ONE20 has launched a free membership program that enables drivers to use a mobile application to plan trips, check parking availability, read and write reviews and find discounts.

August 29, 2016