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

NTSB Chairman Robert Sumwalt to Step Down at End of June, Source Says

WASHINGTON — The chairman of the National Transportation Safety Board will step down from his position at the end of June, and the Biden administration is expected to nominate a fellow board member to replace him, a person familiar with the matter told the Associated Press on May 17.

Michael Balsamo | Associated Press
May 18, 2021
Government, Business

CN Rail Offer for K.C. Southern to Fall Under Stricter Rules

Canadian National Railway Co.’s proposal to acquire Kansas City Southern will be judged under stricter regulations adopted in 2001, the U.S. regulator said in an expected decision that lays the ground rules for what would be the first major rail merger in more than two decades.

Thomas Black | Bloomberg News
May 17, 2021
Government, Business, Fuel

Diesel Rises 6.3¢ to $3.249; Gas Tops $3

The national average price of a gallon of diesel climbed 6.3 cents to $3.249, according to Energy Information Administration data, in the third straight increase for trucking's main fuel.

Connor D. Wolf | Staff Reporter
May 17, 2021
Business, Technology

McLeod Software Furthers Its Trucker Tools Integration

McLeod Software added Trucker Tools’ Book-it-Now app-based service to its PowerBroker Platform, the companies announced May 17.

May 17, 2021
Business, Equipment

Medium-Duty Sales Rise in April to Clear 19,000

April U.S. retail sales in Classes 4-7 rose 23.9% to more than 19,000 vehicles, reflecting gains in all segments, WardsAuto .com reported.

Roger Gilroy | Senior Reporter
May 17, 2021
Government, Business, Technology, Equipment, Fuel, TCA

Ford Visit Offers Symbolic Backdrop for Biden’s EV Agenda

President Joe Biden’s planned visit May 18 to the Dearborn, Mich., Ford Motor Co. Rouge Electric Vehicle Center that will build an electric version of the F-150 pickup will showcase what experts say is a powerfully symbolic example of a zero-emission vehicle with mass market appeal, built in the U.S. by union workers.

May 17, 2021
Business

DTNA Makes Changes in Senior Leadership

Daimler Trucks North America named David Carson senior vice president of sales and marketing — a move intended to consolidate responsibility for all sales and marketing of vocational and on-highway segments.

May 17, 2021
Government, Business, Logistics

The World Economy Is Suddenly Running Low on Everything

A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up.

May 17, 2021
Government, Business

Congressional Policymakers Unveil Local Infrastructure Legislation

Legislation to help localities gain access to funding for infrastructure projects was recently introduced in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
May 17, 2021
Government, Business, Technology, Safety, Logistics

Rail Industry Defends Safety Record Amid Staffing Cuts

OMAHA, Neb. — Even as railroads are operating longer freight trains that sometimes stretch for miles, the companies have drastically reduced staffing levels, prompting unions to warn that moves meant to increase profits could endanger safety and even result in disasters.

Josh Funk | Associated Press
May 17, 2021