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, Logistics

Loads Increasingly Shifting to Spot Market, DAT Data Shows

An increasing number of loads are shifting onto the spot market amid tight conditions in trucking, according to recent data by DAT Freight & Analytics.

Connor D. Wolf | Staff Reporter
May 13, 2021
Government, Business, Fuel, Logistics

US Shipping Rule Waived so Foreign Tanker Can Deliver Fuel

The Biden administration temporarily eased century-old U.S. shipping requirements so a single foreign tanker could transport gasoline and jet fuel to the East Coast, where the Colonial Pipeline outage caused tanks to run dry.

May 13, 2021
Business, Technology, Equipment, Logistics, Autonomous

Forklift Driving Becomes Desk Job in Phantom-Mitsubishi Deal

Phantom Auto, a California-based startup focusing on remote vehicle operation, has struck a deal to provide logistics equipment heavyweight Mitsubishi Logisnext Co. with software that enables forklifts to be operated remotely from thousands of miles away.

River Davis | Bloomberg News
May 13, 2021
Government, Business

US Jobless Claims Fall More Than Forecast in Week Ended May 8

Applications for U.S. state unemployment insurance fell to a fresh pandemic low last week as business confidence strengthens and employers seek to fill more positions left open by restrictions.

Payne Lubbers | Bloomberg News
May 13, 2021
Government, Business, Safety

Texas Senate Committee Approves Legislation to Curb Lawsuit Abuse

The Texas Senate Transportation Committee has unanimously approved a House bill that would help curb the growing trend of lawsuit abuse targeting commercial vehicles in Texas.

Eric Miller | Senior Reporter
May 13, 2021
Government, Business, Technology, Fuel

Colonial Pipeline Restarts Operations, but Normalcy Days Away

Colonial Pipeline, the nation’s largest fuel pipeline, restarted operations May 12, days after it was forced to shut down by a gang of hackers.

May 12, 2021
Business, Logistics

New TIA Chairman Michael Riccio Highlights Areas of Focus

Michael Riccio discussed his goals as the newest chairman of the Transportation Intermediaries Association during the 2021 TIA Capitol Ideas Conference on May 12.

Connor D. Wolf | Staff Reporter
May 12, 2021
Government, Business, TCA

Missouri Lawmakers Pass Fuel Tax Hike With Refund Option

JEFFERSON CITY, Mo. — Missouri drivers will likely pay more at the pump starting this fall after lawmakers passed a bill to raise the state’s fuel tax for the first time in more than two decades.

Jeanne Kuang | The Kansas City Star
May 12, 2021
Government, Business

House Panel Ready for Transportation Bill, Rep. Peter DeFazio Says

WASHINGTON — Comprehensive, multiyear surface transportation legislation is likely to be considered by a U.S. House committee prior to Memorial Day, the chamber’s top transportation policymaker said May 12.

Eugene Mulero | Senior Reporter
May 12, 2021
Government, Business, Safety

Repairs to I-40 Bridge Could Take Months

MEMPHIS, Tenn. — Repairs to the Interstate 40 bridge linking Arkansas and Tennessee could take months after a crack was found in the span, forcing thousands of trucks and cars to detour and shutting down shipping on a section of the Mississippi River, a transportation official said May 12.

May 12, 2021