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, Technology

Peterbilt’s Self-Driving Truck Another Glimpse Into Future

FORT WORTH, Texas — Peterbilt Motors Co. is the latest truck maker to demonstrate that the future of trucking is already with us, albeit in prototype, showing off Class 8s where the driver is often a spectator, cameras replace mirrors and infrared capability lights up a deer or a person on a dark night. (See photo gallery.)

June 8, 2015
Business

Panel Endorses Hours-Based Approach for Entry-Level Driver Training Rule

WASHINGTON — This time around, federal regulators say they are convinced an advisory committee has come up with the ingredients for a successful entry-level driver training rule.

June 8, 2015
Business

Inspectors Focus on Load Securement During Annual Roadcheck Safety Blitz

Commercial vehicle safety inspectors in the United States, Canada and Mexico pulled over trucks and buses in large numbers last week for safety inspections as part of North America’s annual Roadcheck event.

June 8, 2015
Business

Judge Temporarily Blocks Bids From Trustee to Seek Payments in TransVantage Bankruptcy

A federal judge has temporarily blocked an effort to collect hundreds of millions of dollars from more than 500 carriers and shippers ensnared in the bankruptcy of TransVantage, a New Jersey freight bill payment company.

June 8, 2015
Business

Navistar Trims Quarterly Loss, Aided by Medium-Duty Sales

Navistar International Corp. reported a smaller loss in its fiscal second quarter, driven by higher truck sales — particularly in the medium-duty sector — lower warranty expenses and cost reductions.

June 8, 2015
Business, Fuel

California Drought, Texas Floods Cut Produce Truck Demand

California’s drought and Texas’ floods have softened freight demand and created a more stable environment for produce shipments, in sharp contrast to 2014’s painful price spikes and capacity constraints, industry officials said.

June 8, 2015
Business

Bird Flu Disrupts Midwest Trucking Operations

The avian flu virus that has hit the poultry industry hard in the Midwest has disrupted trucking and caused some carriers to shift operations, according to industry and government officials.

June 8, 2015
Government, Business

DOT Cites 'Profound' Data Limitations in Size, Weight Study

Peter Rogoff, the U.S. Department of Transportation’s under secretary, said in a June 5 letter accompanying the release of a congressionally mandated study on truck size-and-weight limits there is not sufficient data to make any recommendations.

Eric Miller | Senior Reporter
June 5, 2015
Government, Business

House Rejects Insurance-Requirement Proposal

Lawmakers rejected an amendment targeting insurance requirements during the House’s consideration of the fiscal 2016 transportation funding bill June 4.

Eugene Mulero | Senior Reporter
June 5, 2015
Government, Business

Truck Dealer MHC Acquires Five Locations in Midwest

Truck dealership group Murphy-Hoffman Co. announced that it has acquired five dealership locations formerly operated by R.L. French Corp.

June 5, 2015