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, Equipment

Decisiv Report Shows Maintenance Cost Increases Are Slowing

ORLANDO, Fla. — Trucking continues to face rising maintenance and repair costs, but the degree to which they are increasing has slowed, a Decisiv executive said Feb 26.

Connor D. Wolf | Staff Reporter
February 26, 2023
Business, Technology, Equipment

Heavy-Duty Repair Revenue Recovers to Pre-COVID Norms

ORLANDO, Fla. — The heavy-duty repair shop industry has seen business levels return to where they were before the coronavirus pandemic, a new report determined.

Connor D. Wolf | Staff Reporter
February 26, 2023
Business, Equipment, Safety

J.B. Hunt Driver Andrew Waits Named Goodyear Highway Hero

ORLANDO, Fla. — J.B. Hunt driver Andrew Waits of Tacoma, Wash., who helped save the life of an unconscious motorcyclist, was named the 38th winner of the Highway Hero Award presented by The Goodyear Tire & Rubber Co.

Michael Freeze | Features Editor
February 26, 2023
Business, Technology, Equipment, Safety

Michelin Launches Sustainability-Focused Fleet Management Brand

ORLANDO, Fla. — Michelin launched a fleet management brand focused on improving sustainability in commercial trucking, the company announced Feb. 26. The Michelin Connected Fleet brand brings a portfolio of data-driven solutions to the industry.

Connor D. Wolf | Staff Reporter
February 26, 2023
Government, Business, Safety

Work Proposals Sought in Brent Spence Bridge Corridor Project

Kentucky and Ohio issued a call for construction and design proposals to fast-track the Brent Spence Bridge Corridor project.

Noël Fletcher | Staff Reporter
February 24, 2023
Business, Technology, Autonomous, TCA

Autonomous Truck Startup Locomation Laying Off Employees

Driverless truck startup company Locomation has laid off most of its staff as it winds down operations, the second autonomous vehicle outfit in the Pittsburgh, Pa., area to encounter financial difficulties in four months.

Kris B. Mamula | Pittsburgh Post-Gazette
February 24, 2023
Government, Business, Technology, Equipment, Fuel

South Dakota Has New Law for Alternative Fuels Taxes, Credits

Truckers driving through South Dakota using biodiesel and other alternative fuels will no longer be incorrectly taxed due to a new law enacted recently by Gov. Kristi Noem.

Noël Fletcher | Staff Reporter
February 24, 2023
Business, Technology, Equipment

Ford Extends Shutdown of Electric F-150 Plant

Ford Motor Co. is extending the shutdown of its F-150 Lightning pickup plant for a fourth week as it works to resolve a problem that caused a battery fire in one of the electric trucks.

Keith Naughton | Bloomberg News
February 24, 2023
Government, Business

Key Inflation Measure Surges Most Since June

WASHINGTON — The Federal Reserve’s preferred inflation gauge rose in January at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.

Paul Wiseman | Associated Press
February 24, 2023
Government, Business, Safety

Ohio Derailment Prompts Congressional Panels’ Review of Freight Rail

Transportation committees on Capitol Hill are planning in-depth examinations of the circumstances surrounding the derailment this month of a freight train in Ohio.

Eugene Mulero | Senior Reporter
February 23, 2023