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

Tennessee Cites FedEx for Fatal Accident, Proposes $4,000 Fine

State regulators propose to fine FedEx  Corp. $4,000 for a fatal workplace accident last Nov. 22 at the Memphis hub.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
May 18, 2016
Business

Industry-Backed Truck Parking App to Go Live in August

WASHINGTON — American Trucking Associations, the National Association of Truck Stop Operators, the American Transportation Research Institute and the Commercial Vehicle Safety Alliance announced May 18 Park My Truck, a free mobile truck-parking app that should be available in August. The kickoff event was held in the Rayburn House Office Building on Capitol Hill.

David Elfin | Staff Reporter
May 18, 2016
Business

UPS Teams With SAP to Invest in 3-D Printing

SAN FRANCISCO — Someday, the dusty back shelves of America's warehouses could be replaced by UPS and SAP-enabled 3-D printing.

Elizabeth Weise | USA Today
May 18, 2016
Government, Business

Panel Approves Transportation Funding Bill with HOS Provision

A House subcommittee on May 18 easily approved a fiscal 2017 transportation funding bill that would extend the prohibition on the 2013 changes to the 34-hour, hours-of-service rule for truckers.

Eugene Mulero | Senior Reporter
May 18, 2016
Business

Port of New Orleans to Play Second Banana Again? Chiquita Considering Leaving

Two years after a celebrated homecoming, Chiquita Brands International is considering moving its cargo business elsewhere. This left Port of New Orleans, Louisiana, officials scrambling May 11 to try to keep the company from again leaving the city that was once the country’s top banana importer.

Richard Thompson | The (Baton Rouge, La.) Advocate
May 18, 2016
Business, Technology

Ex-Google Engineers Form Startup to Develop Kit for Autonomous Driving Trucks

Otto, a startup led by former Google engineers, is working on getting the millions of trucks already on the road to drive themselves.

May 18, 2016
Government, Business, Safety

White House Unveils New Overtime Rule

The White House on May 18 unveiled a rule that raises the overtime pay exemption threshold nationwide, a move many businesses and industries have criticized.

May 18, 2016
Government, Business

AAA Says 70% of Drivers Worried About Poor Road Conditions This Summer

Seventy percent of motorists who will be traveling this summer are concerned about poor roadway conditions or being stuck in traffic, a new survey by the AAA found.

Eugene Mulero | Senior Reporter
May 18, 2016
Business

Port Tampa Bay Cargo Drops, Mirroring Global Trend

Port Tampa Bay recorded significant decreases in cargo for the first half of its fiscal year, signaling Tampa is not immune to the issues plaguing the global import-export business.

Justine Griffin | Tampa Bay Times (St. Petersburg, Fla.)
May 18, 2016
Government, Business

Capitol Agenda for Infrastructure Week, May 16-20

"I think every week should be Infrastructure Week," Sen. Tom Carper (D-Del.) tells Transport Topics as business, labor and policymakers come together in a series of events designed to elevate infrastructure as a critical issue impacting all Americans. Read more of our interview with Carper and bookmark this page for daily coverage. (Watch kickoff event live now.)

May 17, 2016