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, Safety, Logistics

PhilaPort Terminal Gets $20.3 Million Grant to Ease Truck Congestion

The Port of Philadelphia will have less truck congestion and more capacity thanks to a $20.3 million federal infrastructure grant award.

Noël Fletcher | Staff Reporter
October 26, 2022
Government, Business, Safety, Fuel

The US Is Exporting Record Oil and Fuel Even as East Coast Faces Shortages

The U.S. exported a record amount of crude and fuel in mid-October, even as the East Coast grapples with shortages of both diesel and gasoline.

October 26, 2022
Business, Technology, Equipment

Rush Enterprises Returns Strong Q3 Results

North American truck dealer Rush Enterprises Inc. reported a surge in third-quarter net income and revenue, amid ongoing pent-up demand for commercial vehicles and growth in aftermarket services.

Roger Gilroy | Senior Reporter
October 26, 2022
Business, Logistics

Trucking’s Concerns Shared on a Global Scale

SAN DIEGO — The head of Werner Enterprises said trucking must do a better job globally of promoting itself to potential entrants by outlining how the industry provides a path to rewarding careers.

Connor D. Wolf | Staff Reporter
October 26, 2022
Government, Business

Goods-Trade Deficit Widens for the First Time Since March

The U.S. merchandise-trade deficit widened in September for the first time in six months as imports grew and some exports plunged.

Ana Monteiro | Bloomberg News
October 26, 2022
Government, Business, Technology

EU, US Set Up Task Force to Resolve Electric Vehicle Feud

The U.S. and the European Union have set up a task force to resolve a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade Organization rules.

October 26, 2022
Business

Ruan’s Dan Van Alstine Takes Reins as ATA’s 78th Chairman

SAN DIEGO — American Trucking Associations wrapped up its 2022 Management Conference & Exhibition with an evening of celebration after electing Dan Van Alstine as the federation’s 78th chairman.

Seth Clevenger | Managing Editor, Features and Multimedia
October 26, 2022
Government, Business

Buttigieg Promotes Trucking’s Economic Contributions

SAN DIEGO — Transportation Secretary Pete Buttigieg celebrated the contributions of the millions of commercial drivers who are engaged in advancing the country’s economy at American Trucking Associations' Management Conference & Exhibition Oct. 25.

Eugene Mulero | Senior Reporter
October 25, 2022
Government, Business

Trucking Positioned to Weather a Recession, Costello Says

SAN DIEGO — American Trucking Associations Chief Economist Bob Costello said Oct. 25 the trucking industry should be fairly well insulated from a potential recession in 2023.

Connor D. Wolf | Staff Reporter
October 25, 2022
Business, Technology, Equipment

Texas Instruments’ Forecast Signals Chip Demand Slump Is Spreading

Texas Instruments Inc., whose chips go into everything from home appliances to missiles, gave a weak sales forecast for the current quarter, indicating that the falloff in semiconductor demand is spreading beyond computing and phones.

Ian King | Bloomberg News
October 25, 2022