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.

Government, Business

Watch Live: ATA’s Graves Testifying at Ways and Means’ Trust Fund Hearing

Bill Graves, president of American Trucking Associations, is testifying before the House Ways and Means Committee for a hearing on the Highway Trust Fund.

Eugene Mulero | Senior Reporter
June 15, 2015
Government, Business

ATA Critical of Panel's Recommendation of Hours-Based Over Performance-Based Instruction for New Drivers

An entry-level driver training federal advisory committee’s recommendation that new drivers receive hours-based rather than performance-based behind-the-wheel instruction lacks a scientific basis and runs contrary to a pair of executive orders, according to a “dissent letter” forwarded to the committee’s facilitator by American Trucking Associations.

Eric Miller | Senior Reporter
June 15, 2015
Government, Business

FMCSA Shuts Down Two Firms for Safety Violations

A carrier involved in the spilling of canola oil onto Interstate 75 in Georgia last month and a fireworks display company in Illinois were shut down for various safety violations, the Federal Motor Carrier Safety Administration announced June 15.

Eugene Mulero | Senior Reporter
June 15, 2015
Business, Fuel

Diesel Average Price Slips 1.4¢ to $2.87 in Third Drop

The average price of diesel dropped for a third week, falling 1.4 cents to $2.87 a gallon, the Department of Energy reported June 15.

Michael G. Malloy | Web Editor
June 15, 2015
Business, Fuel

Agility, Freightliner Trucks Set Seven-Year Agreement

Agility Fuel Systems has reached a seven-year agreement under which it will be the sole provider of natural-gas fuel systems for Freightliner Trucks.

Michael G. Malloy | Web Editor
June 15, 2015
Business

Truck Manufacturers, Suppliers Face Hurdles in Supply Chain Search for Conflict Minerals

Truck manufacturers and component suppliers said they are continuing to experience challenges as they search for “conflict minerals” in their supply chains.

June 15, 2015
Business

General Motors to Re-Enter US Medium-Duty Market

General Motors Co. plans to return to the U.S. medium-duty truck market in 2016 through a manufacturing agreement with Isuzu Motors Ltd.

June 15, 2015
Government, Business

Rep. Nancy Pelosi: ‘Prospects for Passage’ of Trade Deal Better if Highway Bill Passes

House Minority Leader Nancy Pelosi said her party’s support for a high-profile trade deal would improve if GOP leaders advance a long-term transportation deal.

Eugene Mulero | Senior Reporter
June 15, 2015
Business

FedEx Settles Contractor Suit for $228 Million

FedEx Corp. has agreed to pay $228 million to settle long-running lawsuits in California that challenged the status of workers at its Ground unit, who are classified as contractors by the company.

Rip Watson | Special to Transport Topics
June 15, 2015
Business

BNSF Speeds Midwest-Northwest Service

BNSF Railway said effective Sept. 14 it will accelerate schedules for domestic intermodal freight moving between the Pacific Northwest and the Midwest after capital investment to expand capacity on the routes.

June 15, 2015