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, Fuel

California Funds Greater Use of Electric-Powered Heavy-Duty Trucks

California has expanded its testing of zero-emissions electric-powered heavy-duty vehicles as the state grapples with finding solutions to the worst air quality in the nation in several of its cities, experts said.

Roger Gilroy | Senior Reporter
June 14, 2016
Business

Retail Sales Rise More Than Forecast as Consumers Spend

Retail sales rose more than forecast in May, showing consumer spending will help boost economic growth in the second quarter.

June 14, 2016
Government, Business, Technology

Capitol Agenda for the Week of June 14: Patience, Darling

Here's the week ahead for trucking on Capitol Hill. Apparently it won't include a confirmation hearing for Scott Darling, nominated as administrator of the Federal Motor Carrier Safety Administration.

Eugene Mulero | Senior Reporter
June 14, 2016
Business, Fuel

Diesel Rises 2.4¢ to $2.431

The U.S. retail diesel average climbed 2.4 cents to $2.431, the Department of Energy reported, while the volatile price of crude oil slipped below $50 per barrel.

Roger Gilroy | Senior Reporter
June 13, 2016
Business

Manitoulin Global Forwarding Acquires M.A.P. International

Manitoulin Global Forwarding, a unit of the Manitoulin Group of Companies transportation business, announced the acquisition of M.A.P. International Freight, another Canadian company, to add capabilities for international forwarding of refrigerated container cargo.

June 13, 2016
Business

Former DOT Chief James Burnley Named Chairman of Eno’s Board

Former U.S. Department of Transportation Secretary James Burnley has been named chairman of the Eno Center for Transportation board of directors, the group announced June 13.

June 13, 2016
Business, Equipment

How Bridgestone's CEO Learned When to Walk Away From a Deal

Late last year, Bridgestone Corp. CEO Masaaki Tsuya did something rare in Japanese business circles. He walked away from an escalating bidding war with Carl Icahn for the U.S. auto parts chain Pep Boys. Tsuya’s philosophical approach to deal-making comes from an unpleasant experience.

Jie Ma and Yuki Hagawara | Bloomberg News
June 13, 2016
Business, Equipment

FedEx, Bridgestone Settle 2014 Fatal Wyoming Crash Lawsuits

CHEYENNE, Wyoming  — Federal lawsuits filed last year against Bridgestone Americas Tire Operations and FedEx Ground Package Systems Inc. in connection with a triple-fatal collision that happened here on Interstate 80 have settled out of court.

Sarah Zoellick | Wyoming Tribune-Eagle
June 13, 2016
Government, Business, Logistics

Border Rail Line to Connect US, Mexico

A new company will take over repairs and eventual operations of the beleaguered Desert Line railroad, clearing the way for work to begin this summer and for trains to move goods made in Mexico into the United States in 2018.

Joshua Stewart | The San Diego Union-Tribune
June 13, 2016
Business

124-Year-Old Frisco Bridge Getting Extensive Makeover by BNSF

In the dusty, sun-drenched bottomland along the Arkansas side of the Mississippi River, construction cranes loom next to the ivy-draped latticework of the historic Frisco Bridge in a project employing 21st Century technology to shore up some critical, if creaky, 19th Century handiwork.

Tom Charlier | The (Memphis) Commercial Appeal
June 13, 2016