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, Fuel

Retail Sales Were Flat in July

WASHINGTON — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.

August 17, 2022
Government, Business, Logistics

Railroads Back Plan Calling for 24% Raises

OMAHA, Neb. — The major freight railroads signaled they’re ready to negotiate a new deal with their workers based on a presidential report that calls for 24% raises, but the 12 unions involved in the stalled talks covering 115,000 workers still haven’t commented on the recommendations.

Josh Funk | Associated Press
August 17, 2022
Business, Safety

NTDC Exam Challenges, Surprises Competitors

INDIANAPOLIS — After wrapping up the written exam portion of the National Truck Driving & Step Van Driving Championships, several competitors came away impressed with its attention to detail.

Eugene Mulero | Senior Reporter
August 16, 2022
Business, Equipment, Fuel

International Truck Launches Updated Powertrain

LAS VEGAS – Navistar Inc. premiered a new, integrated powertrain as part of an update for its International LT Series truck line Aug. 16.

Michael Freeze | Features Editor
August 16, 2022
Government, Business

Biden Signs Massive Climate and Health Care Legislation

WASHINGTON — President Joe Biden signed Democrats’ landmark climate change and health care bill into law Aug. 16, delivering what he has called the “final piece” of his pared-down domestic agenda.

Zeke Miller and Seung Min Kim | Associated Press
August 16, 2022
Government, Business, Equipment

Mack Offers Haulmaax EX Option, Adds More Army Business

Mack Trucks announced the Mack LR refuse and Mack TerraPro refuse, dump and concrete pumper models are available to order with the optional new Haulmaax EX suspension system.

August 16, 2022
Business, Safety

2022 NTDC Photo Gallery

Images from the 2022 National Truck Driving & Step Van Driving Championships in Indianapolis Aug. 16-19, 2022, at the Indiana Convention Center.

August 16, 2022
Business, Technology, Safety

Drivewyze Offers Real-Time Weather Warnings

Connected truck services provider Drivewyze Inc. announced it is now providing real-time weather warnings as part of its Drivewyze Safety+ proactive driver notification platform on ELDs.

August 16, 2022
Business, Equipment

July Medium-Duty Sales Dip Year-Over-Year

Classes 4-7 U.S. retail sales in July slipped 7.3% compared with a year earlier, and only Class 6 with its typical base of bigger customers posted a gain, Wards Intelligence reported. Total sales were 17,682 compared with 19,082 in the 2021 period.

Roger Gilroy | Senior Reporter
August 16, 2022
Business, Logistics

Spending on Merchandise Slowing, Flexport Says

The latest reading of Flexport’s Post-COVID Indicator released Aug. 16 shows it falling for a third straight month.

Brendan Murray | Bloomberg News
August 16, 2022