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

Trillium, PennDOT Strike $84.5 Million CNG Agreement

Trillium CNG, the compressed natural gas company for Love’s Travel Stops, was selected by the Pennsylvania Department of Transportation to design, build, operate and maintain 29 CNG facilities in the state — calling it a record-setting public-private partnership.

Roger Gilroy | Senior Reporter
March 29, 2016
Business

Tennessee Businessmen Seek 10 Teams for Logistics Business Accelerator Program

The founders of Access America Transport announced March 28 the formation of both an accelerator program to find and grow young, innovative logistics companies and a $12 million fund to invest in the most successful of those new ventures.

Alex Green | Chattanooga (Tenn.) Times Free Press
March 29, 2016
Business

It All Comes Down to Inches During Louisiana Truck Driving Championships

The 2016 Louisiana Motor Transport Association Truck Driving Championships took place March 18-19 in Baton Rouge and for 108 drivers it was a chance to test their skill and knowledge against their peers.

George Morris | The Advocate (Baton Rouge, La.)
March 29, 2016
Business

Manufacturing Recession Might Be Over, Goldman Sachs Says

Goldman Sachs projects that the ISM Manufacturing Purchasing Managers Index will break above 50, the level that separates contraction and expansion, in its March reading that is due out on April 1.

Luke Kawa | Bloomberg News
March 29, 2016
Business, Logistics

Consumer Confidence Climbs More Than Expected in March

Consumer confidence rebounded more than forecast in March as American households grew more upbeat about prospects for the labor market and economy.

Tatiana Darie | Bloomberg News
March 29, 2016
Business

Home Prices in 20 Cities Increased Steadily in January

Home values in 20 U.S. cities kept climbing in January, a sign the limited supply of available properties may push prices out of reach for some buyers.

March 29, 2016
Business

'Without Trucks, Man, We're Doomed'

The reality of life along the interstate is a leading reason for a growing shortage of long-haul truck drivers, even as trucking firms maintain near-continual recruitment campaigns and offer lucrative incentives to attract and retain drivers.

John Cropley | The Daily Gazette (Schenectady, N.Y.)
March 28, 2016
Business

Savannah Harbor Deepening Project Needs More Federal Funding, Ports Authority Chief Says

Severe budget cuts in the federal portion of a $700 million plan to deepen the Savannah harbor challenges Georgia’s ability to take in the world’s largest cargo ships, the head of the Georgia Ports Authority said March 24.

Damon Cline | The Augusta (Ga.) Chronicle
March 28, 2016
Business, Fuel

Diesel Rises Two-Tenths of a Cent to $2.121

The U.S. average retail diesel price inched up less than half a cent for its sixth consecutive weekly gain.

Roger Gilroy | Senior Reporter
March 28, 2016
Business

Nissan Tries Again to Revive Sputtering Truck Sales

Gaining ground in pickup trucks is crucial for Nissan to reach 10% overall U.S. market share, which the company has previously said could be achieved by the fiscal year ending March 2017.

March 28, 2016