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

Volkswagen AG CEO Martin Winterkorn Resigns After Emissions Scandal

Volkswagen AG CEO Martin Winterkorn, who during nearly a decade at the helm catapulted VW to the top spot in global sales, stepped down after admitting the automaker cheated on U.S. emissions tests.

September 23, 2015
Government, Business, Safety

DOT Awards $2 Million to California for Roads, Bridges Damaged by Fires

California will receive $2 million in aid to assist agencies with repairing roadways, bridges and infrastructure damaged by recent wildfires, the U.S. Department of Transportation announced Sept. 22.

September 23, 2015
Business, Government, Autonomous

Sculley to Replace Riley in Connecticut

Truck renting and leasing lobbyist Joseph Sculley will be the next president of the Motor Transport Association of Connecticut, the group said.

September 23, 2015
Business

ATA Truck Tonnage Index Rises 2.1% in August

U.S. for-hire truck tonnage hauled increased by 2.1% in August compared with the same month in 2014, American Trucking Associations reported Sept. 22.

Jonathan S. Reiskin | Associate News Editor
September 22, 2015
Business, Autonomous

Dan Case, Head of Oklahoma Trucking Association, Dies at 63

Dan Case, executive director of the Oklahoma Trucking Association, died Sept. 17 after a yearlong battle with cancer. He was 63.

September 22, 2015
Business

Class 8 Tractor Sales Trending Toward Record-Setting Year, ACT Says

ORLANDO, Fla. — Retail sales of new Class 8 tractors in the United States are on pace to set a record this year, according to a leading industry analyst.

Neil Abt | Editorial Director
September 22, 2015
Government, Business, Safety

Transportation Secretary Anthony Foxx: P3s Not ‘100% Solution to America’s Infrastructure Deficit’

WASHINGTON — Investment agreements on infrastructure projects between government agencies and private investors, while essential, are part of a broader financial strategy to pay for such projects around the country, Transportation Secretary Anthony Foxx said at a conference Sept. 22.

Eugene Mulero | Senior Reporter
September 22, 2015
Business, Logistics

International Intermodal Re-Emerges as Volume Growth Leader

FORT LAUDERDALE, Fla. — International intermodal freight once again has become the driving force for intermodal growth because factors such as lower diesel prices and suboptimal rail service have slowed the increases in domestic truck/rail freight, experts said.

Rip Watson | Special to Transport Topics
September 22, 2015
Government, Business, Safety

Federal Advisory Committees Seek Private-Sector Input on Improving Driver Health

Members of two federal advisory committees met this week to discuss ways the private medical sector can help commercial vehicle drivers improve their general state of poor health.

Eric Miller | Senior Reporter
September 22, 2015
Business, Fuel, Technology, Government

Volkswagen Scandal Harkens Back to Truck Engine Makers’ 1998 Battle With EPA

The U.S. Environmental Protection Agency said Volkswagen cheated on air-pollution rules for its diesel cars with a defeat device, reminiscent of 1998 when heavy-duty truck manufacturers were doing the same thing.

September 22, 2015