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, Equipment, For-Hire, Private

Experts: Freight Environment Unlikely to Improve Much Soon

Executives across multiple segments of the trucking industry expect the freight environment to take considerable time to improve substantially.

Keiron Greenhalgh | Staff Reporter
September 20, 2023
Business, Technology, Fuel, TCA

Hyundai, Georgia Tech to Research Hydrogen Power for Trucks

Hyundai Motor Group signed an agreement with Georgia Tech on Sept. 19 to collaborate on research and development of hydrogen-fueled engines for large trucks and electric vehicle batteries.

Zachary Hansen | The Atlanta Journal-Constitution
September 20, 2023
Government, Business, Logistics

Port Volumes Decline in August

Container volumes trended mostly into negative territory in August at facilities along the Pacific, Atlantic and Gulf of Mexico coasts, with a modest gain at the Port of Los Angeles.

Dan Ronan | Senior Reporter
September 20, 2023
Government, Business

Fed Keeps Key Interest Rate Unchanged

WASHINGTON — The Federal Reserve left its key interest rate unchanged Sept. 20 for the second time in its past three meetings, but also signaled it expects to raise rates once more this year.

Christopher Rugaber | Associated Press
September 20, 2023
Government, Business, Logistics

Census Bureau Contest Seeks Supply Chain Data Ideas

The shifting logistics challenges fueled by the growth of e-commerce are the catalyst for a national competition sponsored by the U.S. Census Bureau.

Noël Fletcher | Staff Reporter
September 20, 2023
Business, Equipment

Medium-Duty Truck Sales Spike 13% in August

U.S. retail sales for medium-duty trucks grew 13.6% in August compared with the year-ago period, according to data from Wards Intelligence.

Connor D. Wolf | Staff Reporter
September 20, 2023
Business, Technology, Equipment, For-Hire

Doug Nickles Crowned TMCSuperTech Grand Champion

CLEVELAND — Doug Nickles from FedEx Freight earned his first TMCSuperTech grand champion honor at ATA's  Technology & Maintenance Council’s National Technicians Skills Competition.

Michael Freeze | Features Editor
September 20, 2023
Business, Technology

McLeod Says Now Is a Good Time to ‘Tune Up’ Operations

PHOENIX — Transportation companies have a prime opportunity to fine-tune their operations so they are better prepared to capitalize when the market turns, the CEO of McLeod Software said.

Seth Clevenger | Managing Editor, Features and Multimedia
September 20, 2023
Government, Business, Equipment

House Committee Hears Arguments on Excise Tax Repeal

The repeal of a tax on the purchase of new trucks was discussed during a recent hearing in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
September 20, 2023
Business, Fuel, For-Hire, Private

Love’s Travel Stops No. 1 on Happiest Employees List

Love’s Travel Stops & Country Stores, a family-run chain of truck stops founded nearly 60 years ago, topped storied firms like IBM, Nike and Apple in a new ranking of employee well-being.

Matthew Boyle | Bloomberg News
September 20, 2023