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

US House Highway Bill Includes $1 Billion in Truck Parking Grants

WASHINGTON — Funding to expand parking facilities for truck drivers around the country is included in comprehensive highway policy legislation expected before the U.S. House of Representatives during the week of June 28.

Eugene Mulero | Senior Reporter
June 24, 2021
Government, Business, Logistics

US Goods-Trade Gap Widens More Than Forecast as Imports Rise

The U.S. merchandise-trade deficit widened more than forecast in May as the value of imports rose to near-record levels and exports declined.

June 24, 2021
Government, Business, Safety

Minneapolis Council Committee Passes Citywide Truck Parking Restrictions

The Transportation and Public Works Committee of the Minneapolis City Council on June 23 approved an ordinance amendment that would limit truck parking in the city.

Eleanor Lamb | Staff Reporter
June 24, 2021
Government, Business, Equipment

US Durable Goods Orders Rise 2.3% in May

Orders to U.S. factories for big-ticket manufactured goods rose for the 12th time in the last 13 months in May, pulled up by surging demand for civilian aircraft.

Paul Wiseman | Associated Press
June 24, 2021
Government, Business, Technology, Fuel, Logistics

Infrastructure Deal Closer With Biden, Senators Meeting June 24

President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions.

June 24, 2021
Government, Business

US Jobless Claims Tick Down to 411,000 as Economy Heals

The number of Americans applying for unemployment benefits dropped in the week ended June 19, a sign that layoffs declined and the job market is improving.

Christopher Rugaber | Associated Press
June 24, 2021
Government, Business

Senators Bringing Bipartisan Infrastructure Deal to Biden Today

WASHINGTON — A bipartisan group of senators reached a tentative framework on a $953 billion infrastructure deal June 23 ahead of a crucial meeting with President Joe Biden at the White House.

Lisa Mascaro and Kevin Freking | Associated Press
June 23, 2021
Business, Equipment

Some Used Vehicles Now Cost More Than Original Sticker Price

When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it’s used.

Tom Krisher | Associated Press
June 23, 2021
Business

Trucking Lawyers Should Share Defense Strategies, Author and Noted Attorney Says

For more than a year, prominent San Diego defense attorney Robert Tyson has been scolding his colleagues for not sharing trial defense strategies to beat plaintiff attorneys in the nation’s courtrooms. Here are his tactics for winning in court.

Eric Miller | Senior Reporter
June 23, 2021
Government, Business, Technology, Equipment

FET on Heavy-Duty Trucks Deters Sales, ATD Says

Industry-led attempts to repeal the 12% federal excise tax on heavy-duty trucks, which also covers trailers more than 26,000 pounds, went — yet again — to Capitol Hill.

Roger Gilroy | Senior Reporter
June 23, 2021