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, Safety, Fuel

Formulate Recap: Homer Hogg of TravelCenters of America

Earlier this year, as part of our Transport Topics Magazine Event Series, Formulate, we sat down with Homer Hogg, vice president of truck service at TravelCenters of America, to discuss the future of vehicle maintenance. A recognized leader in the truck service industry serving on numerous boards overlooking technology and maintenance, Hogg provided several insights about where the service industry has been and where it is headed.

Michael Freeze | Features Editor
October 7, 2022
Business, Technology, Equipment, Safety, Fuel

Making the Electrification Transition

For some time, there has been quite a change in how the trucking industry views the internal combustion engine juxtaposed with the emergence of electrification. I witnessed that during the reveal of Navistar’s S13 Integrated powertrain in Las Vegas this summer, features editor Michael Freeze observes.

Michael Freeze | Features Editor
October 7, 2022
Business, Technology, Equipment, Safety, For-Hire

Industry Works to Make Tractor-Trailer Connections More Efficient

Fleets are looking for solutions — some of them low-tech — to ensure trucks and trailers talk to each other now.

Steve Brawner | Special to Transport Topics
October 7, 2022
Government, Business, Technology, Equipment, Safety, Fuel

Traton, Navistar Challenge Other Truck Makers’ Emission Systems

The recent introduction of the Navistar S13 engine with no EGR cooler and much less reliance on any form of EGR is remarkable.

John Baxter | Special to Transport Topics
October 7, 2022
Government, Business, Safety, Logistics

Louisiana to Spend $270 Million on Locally Owned Bridges

To stem the tide against state closures of unsafe bridges, Louisiana will receive $270 million in federal funds to fix locally owned off-system bridges.

Noël Fletcher | Staff Reporter
October 7, 2022
Government, Business, Technology

Biden Says IBM Investment to Help in Tech Competition With China

POUGHKEEPSIE, N.Y. — President Joe Biden predicted Oct. 6 a $20 billion investment by IBM in New York’s Hudson River Valley will help give the United States a technological edge against China, hailing the expansion during an appearance with two House Democrats in competitive races in next month’s critical elections.

Aamer Madhani and Josh Boak | Associated Press
October 7, 2022
Government, Business

Hiring Stayed Solid in September, but Trucking Sheds 11,400 Jobs

WASHINGTON — America’s employers slowed their hiring in September but still added a solid 263,000 jobs — a dose of encouraging news that may mean the Federal Reserve’s drive to cool the job market and ease inflation is starting to make progress. Trucking however saw a sizable decline in truck transportation payrolls. 

Paul Wiseman | Associated Press
October 7, 2022
Business, Technology, Logistics, Autonomous

Tesla Plans to Deliver Semis to Pepsi Five Years After Unveiling

Tesla Inc. will deliver its first Semi trucks to PepsiCo Inc. five years after Elon Musk showed off prototypes and began taking deposits for the electric big rigs.

October 7, 2022
Business, Technology, Fuel

Twitter Says Musk ‘Can and Should’ Close Buyout Next Week

Twitter Inc. rejected Tesla CEO Elon Musk’s request to pause an upcoming trial over his $44 billion takeover of the social media company, saying the billionaire “can and should” close the deal next week.

Jef Feeley | Bloomberg News
October 6, 2022
Government, Business, Safety, Logistics, For-Hire, Private

Broad Relief Efforts Converge After Hurricane Ian

Trucking companies, government entities and nonprofit groups responded to the devastation wrought along Florida’s Gulf Coast by Hurricane Ian last month with relief efforts for the many areas affected by the storm, and are working to overcome challenges in getting aid to those in need.

Dan Ronan | Senior Reporter
October 6, 2022