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

Ex-Pilot Flying J President Hazelwood, Two Others, to Be Retried

There is no question now that former Pilot Flying J President Mark Hazelwood and two former company executives, already convicted of cheating truckers out of diesel fuel rebates, will be retried on federal criminal charges. What remains unknown, though, is when?

Eric Miller | Senior Reporter
February 19, 2021
Government, Business

UK Supreme Court Gives Uber Drivers Benefits in Landmark Ruling

LONDON — Uber drivers in Britain should be classed as “workers” and not self-employed, the U.K. Supreme Court ruled Feb. 19, in a decision that threatens the company’s business model and holds broader implications for the so-called gig economy.

Kelvin Chan | Associated Press
February 19, 2021
Government, Business, Logistics

2021 Farm Exports to China Will Approach Record

The value of U.S. farm exports to China will touch $31.5 billion in the federal fiscal year ending Sept. 30, the highest ever, the U.S. Agriculture Department said Feb. 18 in a report.

Mike Dorning | Bloomberg News
February 18, 2021
Business, Technology, Fuel

Daimler Posts Income Increase, Revenue Dip in Q4

Daimler AG reported a dip in revenue and a gain in net income in the fourth quarter compared with a net loss a year earlier.

Roger Gilroy | Senior Reporter
February 18, 2021
Business

Reliance Partners Adds Borderless Coverage to Portfolio

Trucking insurance company Reliance Partners has acquired Borderless Coverage, a North American cross-border supply chain insurance provider.

February 18, 2021
Government, Business

Democrats Put Biden Stimulus on 10-Day Fast Track for House Vote

The House is aiming to vote Feb. 26 on President Joe Biden’s $1.9 trillion stimulus plan, as Democrats pivot quickly to their top priorities after Donald Trump’s impeachment trial ended in acquittal.

February 18, 2021
Business, Technology, Equipment, Fuel

DTNA’s Outgoing CEO Roger Nielsen Reflects on Industry’s Transformation

Roger Nielsen’s four years as CEO of Daimler Trucks North America coincided with a time of rapid change in the commercial vehicle industry, highlighted by the introduction of electric-powered trucks and the continued advance of automated driving and connected vehicle technologies.

Seth Clevenger | Managing Editor, Features and Multimedia
February 18, 2021
Business, Equipment

Allison, Dana Both Find Room for Optimism in Q4 Results

Allison Transmission Holdings Inc. reported lower net income and revenue while Dana Inc. posted lower net income and slightly increased revenue.

Roger Gilroy | Senior Reporter
February 18, 2021
Government, Business, Fuel

EPA Steps Up Efforts to Catch Emissions Tampering

The U.S. Environmental Protection Agency is in its second year of a four-year enforcement effort to catch truckers who are installing emissions defeat devices or otherwise tampering with emissions systems.

Eric Miller | Senior Reporter
February 18, 2021
Business, Equipment, Safety

Pandemic Forces Cancellation of NTDC for Second Consecutive Year

For the second summer in a row, the National Truck Driving Championships & National Step Van Driving Championships are being canceled due to the COVID-19 pandemic.

Dan Ronan | Senior Reporter
February 18, 2021