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

Scania to Test Hydrogen-Powered Trucks

Scania Inc. said it will partner with one of Norway’s largest trucking companies to test trucks powered by electrical energy converted from hydrogen gas in fuel cells in the vehicle.

August 18, 2016
Business, Autonomous

Uber Acquires Self-Driving Truck Startup Otto

Ridesharing company Uber said it has acquired Otto, a startup firm that is developing a self-driving aftermarket kit for heavy-duty trucks.

August 18, 2016
Business

I-15 Reopens in Both Directions Amid Spreading California Wildfire

After being shut for 36 hours because of the Bluecut wildfire that has been engulfing part of the area around San Bernadino, Interstate 15 southbound reopened at 10:45 A.M. on Aug. 18.

David Elfin | Staff Reporter
August 18, 2016
Business

Weekly Jobless Claims Numbers Indicate Job Market Remains Healthy

Fewer Americans than forecast filed applications for unemployment benefits in the week ended Aug. 13, indicating the U.S. job market remains healthy.

Sho Chandra | Bloomberg News
August 18, 2016
Business, Logistics

XPO Logistics Continues to Restructure Debt

XPO Logistics has priced $1.64 billion in refinancing of its existing term loan, as part of an effort to improve cash flow by reducing annual interest costs by about $40 million.

August 17, 2016
Business, Technology

Omnitracs Launches Onboard Video System

Omnitracs has jumped into the burgeoning in-cab camera market with its own onboard video system called Critical Event Video.

Seth Clevenger | Managing Editor, Features and Multimedia
August 17, 2016
Government, Business

Trucking Supports Massachusetts Gov.’s Veto of VMT Bill

Massachusetts won’t be joining Oregon and California in implementing a vehicle miles traveled pilot program anytime soon. Gov. Charlie Baker, a Republican, vetoed a bill on Aug. 10 that the Democratic-controlled Massachusetts Legislature had passed 10 days earlier to permit the state’s Department of Transportation to start a VMT pilot.

David Elfin | Staff Reporter
August 17, 2016
Business, Autonomous

DOE Launches SuperTruck II to Go Beyond New GHG Rule

The Department of Energy announced its SuperTruck II initiative to more than double the freight efficiency of Class 8 trucks and go beyond provisions in the new federal Phase 2 greenhouse-gas emissions rule affecting heavy- and medium-duty trucks, as well as trailers.

August 17, 2016
Business, Fuel

Orange EV Offers New Electric Terminal Truck

Orange EV said it is accepting orders for its all-new T-Series electric terminal truck. Its initial model was completely remanufactured.

August 17, 2016
Business

In Essence, Boyd Bros. Trucker Charlie Walker has Driven to the Moon and Back Six Times

Charlie Walker is in an exclusive club, having driven more than 3 million miles over three decades with nary a fender bender for Birmingham, Alabama-based transportation company Boyd Bros.

Tony Adams | Columbus (Ga.) Ledger-Enquirer
August 17, 2016