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

Appeals Court Rules California Can Enforce AB 5

A three-judge panel of the 9th U.S. Circuit Court of Appeals has rejected a lower court’s preliminary injunction that blocked the immediate implementation of California’s Assembly Bill 5 law, which motor carriers have claimed would make use of independent contractors next to impossible.

Eric Miller | Senior Reporter
April 28, 2021
Government, Business

US Goods-Trade Deficit Widens to Fresh Record in March

The U.S. merchandise-trade deficit widened to a new record in March as the value of imports surged to a fresh high.

April 28, 2021
Business, Technology, Equipment

Wabash Posts Higher Q1 Profits, Raises Full-Year Guidance

Trailer maker Wabash National Corp. returned to first-quarter profitability compared with a year earlier and increased its full-year guidance on revenue.

Roger Gilroy | Senior Reporter
April 28, 2021
Business, Technology, Logistics, Top 100

New Ware2Go Service Helps E-Commerce Merchants With Warehouse Placement

The UPS-founded Ware2Go launched a free application to help e-commerce merchants with strategic fulfillment planning, the company announced April 27.

Connor D. Wolf | Staff Reporter
April 28, 2021
Business, Logistics

Despite Lower Bid, Canadian Pacific Touts Value of KCS Offer

Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.

Thomas Black | Bloomberg News
April 28, 2021
Business, Equipment

Average Used Class 8 Price in March Is Third-Highest Ever

The average used Class 8 truck in March brought the third-highest price ever as demand rages on and supply is very tight, ACT Research reported.

Roger Gilroy | Senior Reporter
April 28, 2021
Business, Fuel

NextEra Plans to Harness Landfill Gas to Make Renewable Fuel

NextEra Energy Inc. and OPAL Fuels plan to capture methane from a Minnesota landfill to produce renewable natural gas, adding to a series of projects seeking to cash in on the energy source while helping cut greenhouse-gas emissions.

April 28, 2021
Government, Business, Technology, Safety, Autonomous

Policymakers Keep Autonomous Vehicles Bill on Senate’s Radar

Two of the key drivers of autonomous vehicle policy in Congress again touted its potential safety and economic benefits during a hearing with stakeholders.

Eugene Mulero | Senior Reporter
April 28, 2021
Business, Logistics, Top 100

Saia Posts Strong Q1 Income, Revenue Gains

Saia Inc. reported large gains in profit and revenue during the first quarter as it overcame weather challenges to take advantage of increasing freight demand.

Jerry Hirsch | Contributing Writer
April 28, 2021
Government, Business, Safety

Carriers, Contractors Voice Support for Keeping DOL Rule

Motor carriers and independent contractors in written comments expressed objection to a U.S. Department of Labor proposal to withdraw a rule designed to clarify the federal standard for determining if a truck driver is a contractor or employee.

Eric Miller | Senior Reporter
April 28, 2021