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, Autonomous

Truck-Rail Freight Falls 5.5% in 2nd Quarter

Truck-rail freight in the second quarter fell by 5.5%, the largest year-over-year decline since late 2009. The fall was driven by a weak economy, a market share skirmish with over-the-road trucking and 2015 market dislocations that inflated shipments last spring, industry experts said.

Rip Watson | Special to Transport Topics
July 18, 2016
Business

Lawmaker Says Tax Plan in 2017 to Fix Trust Fund

WASHINGTON — A congressional tax-writing committee will include in a tax-reform package next year, a long-term plan to keep the Highway Trust Fund sustainable, the House lawmaker tasked with overseeing highway funding told Transport Topics.

Eugene Mulero | Senior Reporter
July 18, 2016
Business, Government

Campaign for Teamsters President Begins

The stage is set for the fall Teamsters union election, with incumbent James Hoffa campaigning for a five-year term and insurgent Fred Zuckerman, current president of a Kentucky local, seeking to unseat Hoffa after three terms.

Rip Watson | Special to Transport Topics
July 18, 2016
Business, Technology

Recap: LiveOnWeb Chat on Trucking Automation

Bewildered, or impressed, by coming new technologies such as autonomous trucks, platooning and vehicle-to-vehicle communications? Our Technology Editor, Seth Clevenger, took questions in a special LiveOnWeb text-based chat on July 18. Check out the recap.

July 15, 2016
Technology, Business

Trucking Enters the Age of Automation

Self-driving trucks, once regarded largely as the stuff of science fiction, appear to be on the verge of becoming a reality on the nation’s highways.

Seth Clevenger | Managing Editor, Features and Multimedia
July 15, 2016
Business, Technology

Truck Platooning Could Reach Market in 2017

Interest in truck platooning continues to grow as manufacturers and suppliers showcase the technology and one company prepares for a commercial launch of its product.

Seth Clevenger | Managing Editor, Features and Multimedia
July 15, 2016
Business, Technology

States Passing Legislation to Clear Way for Platooning Tests

Regulators and elected officials are beginning to carve out a framework that could help pave the way for the real-world use of vehicle platooning and automation.

David Elfin | Staff Reporter
July 15, 2016
Business, Government

Drivers Win $5 Million in Settlement With Trucking Companies

A group of trucking companies in Southern California will pay $5 million to settle a class-action lawsuit brought by drivers who alleged that they were improperly treated as independent contractors, according to a court filing July 14.

Natalie Kitroeff | Los Angeles Times
July 15, 2016
Technology, Business

Connected Vehicles Could Boost Safety

Wireless vehicle-to-vehicle communication is playing an increasingly important role in the development of more advanced vehicle automation and driver-assist features. A possible federal mandate of the technology could accelerate that movement.

Stephen Bennett | Special to Transport Topics
July 15, 2016
Government, Business, Equipment, Safety, Technology, Autonomous

Commercial Vehicle Inspectors to Conduct Brake Checks Sept. 11-17

Commercial vehicle inspectors will be out in force beginning Sept. 11 to conduct brake system inspections on large trucks and buses throughout North America.

Eric Miller | Senior Reporter
July 15, 2016