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

Cass Freight Index Slumps 4.9%

The Cass Freight Index, based primarily on trucking shipments, showed a 4.9% year-over-year drop last month that reflects the ongoing economic slowdown.

May 16, 2016
Business

Covenant Transportation Celebrates 30 Years in Business

Parker was in his 20s when he started Covenant. Longhaul trucking pioneer Clyde Fuller raised him. Parker came up in trucking and discovered a talent for the work.

Alex Green | Chattanooga (Tenn.) Times Free Press
May 16, 2016
Business, Government

Trucking Company Owner Asks Supreme Court for Permission to Sue DEA Over Driver’s Death

The owner of a small Texas trucking company, whose 18-wheeler was used without permission by the Drug Enforcement Administration in a botched Zetas Cartel sting that left the driver dead, wants the U.S. Supreme Court to reinstate his lawsuit.

Dane Schiller | Houston Chronicle
May 16, 2016
Business

Confidence Among Homebuilders Held Steady in May

Confidence among U.S. homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of Home Builders/Wells Fargo data showed May 16.

Michelle Jamrisko | Bloomberg News
May 16, 2016
Business, Logistics

As Freight Railroads Cut Spending, Manufacturers Take Hit

For more than a year now, prolonged downturns in the coal, oil and steel industries have meant much less traffic on freight railroads.

Daniel Moore | Pittsburgh Post-Gazette
May 16, 2016
Business

Zero-Emission Vehicles at Center of Plan to Slash California’s Nitrogen Oxide Levels

LONG BEACH, Calif. — Zero and near-zero emissions trucks and other freight vehicles are at the center of California’s plan to slash emissions of nitrogen oxides, regulators said. The plan begins with a series of state pilot projects over the next three years, they added.

Roger Gilroy | Senior Reporter
May 16, 2016
Business

Report: Traffic to Worsen Without Federal Fund Lift

The rate at which trucks will be stuck in traffic will increase dramatically over the coming years if poor highway infrastructure is not rehabilitated, a new report by the American Society of Civil Engineers concluded.

Eugene Mulero | Senior Reporter
May 16, 2016
Perspective, Business

Opinion: Unclog Our Circulatory System Without Tolls

In the trucking industry, we’re fond of calling ourselves the lifeblood of the American economy — delivering the goods that our stores, hospitals and restaurants need to maintain our quality of life.

May 16, 2016
Editorial, Business, Autonomous

Editorial: Poor Driver Health a Serious Problem

Quite often when we use the word “health” in stories, it refers to company profits, freight demand or the economy at large. Similarly, many of our stories involving truck drivers have to do with pay and turnover. That is what you expect from a business-to-business publication.

May 16, 2016
Business, Government

With Union Pensions in Jeopardy, Fund Appeals to Congress for Aid

Thorny Teamsters pension issues were pushed into Congress’ lap last week by the Central States Pension Fund after the U.S. Treasury Department rejected the fund’s bid to create long-term solvency by cutting pension benefits by about 50% for most union retirees.

Rip Watson | Special to Transport Topics
May 16, 2016