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

US Unemployment Claims Fall to 779,000; Job Cuts Grind On

The number of Americans seeking unemployment benefits declined to 779,000 in the week ended Jan. 30, a still historically high total that shows that a sizable number of people keep losing jobs to the pandemic.

Christopher Rugaber | Associated Press
February 4, 2021
Government, Business

California Court Rejects Suit Challenging Independent Contractor Exemption

The California Supreme Court rejected a lawsuit Feb. 3 that sought to overturn a ballot measure that makes app-based ride-hailing and delivery drivers independent contractors instead of employees eligible for benefits and job protections.

Brian Melley | Associated Press
February 4, 2021
Business, Technology, Logistics, Top 50, Top 100

UPS Gives Old Jets New Life

Imagine ripping out the dashboard of your 20-year-old minivan and replacing it with the high-tech controls from a Tesla.

Thomas Black | Bloomberg News
February 4, 2021
Business, Equipment

Peterbilt Introduces Redesigned Model 579 Flagship

Peterbilt Motors Co. has unveiled a restyled version of its Model 579 flagship on-highway truck that offers a 7% fuel economy improvement compared with the truck it replaces, which was launched in 2012.

Roger Gilroy | Senior Reporter
February 4, 2021
Business, Equipment

Wabash National Posts Lower Q4 Earnings

Wabash National Corp. reported lower net income and revenue in the fourth quarter as new trailer shipments fell.

Roger Gilroy | Senior Reporter
February 4, 2021
Government, Business, Technology, Autonomous

Google Seeks OK to Test Drones for Firefighting

Google asked the U.S. Federal Aviation Administration for permission to test drones to research how the technology can help monitor and control fires.

Nico Grant | Bloomberg News
February 3, 2021
Business, Logistics, Top 50, Top 100

Schneider Reports Increased Net Income During Q4 2020

Schneider National on Feb. 3 reported a year-over-year increase in profit for the fourth quarter of 2020.

Connor D. Wolf | Staff Reporter
February 3, 2021
Business, Technology, Equipment

Meritor Reports Lower Fiscal-Year Q1 Earnings, Revenue

Meritor Inc. reported a decline in net income, largely due to interest expenses, and a dip in revenue during its fiscal first quarter.

Roger Gilroy | Senior Reporter
February 3, 2021
Government, Business, Technology, Equipment, Fuel

California Leads in Electric Vehicle Policies, Practices, Energy Nonprofit Says

California is by far the national leader in enabling the use of electric cars and medium- and heavy-duty electric trucks, according to a state-by-state evaluation of electric vehicle policies and practices compiled by a leading nonprofit energy efficiency group.

Eric Miller | Senior Reporter
February 3, 2021
Business, Technology, Fuel

Volvo Group Posts Higher Q4 Net Income

Volvo Group reported fourth-quarter net income rose amid a surge in North American truck orders, but revenue slipped.

Roger Gilroy | Senior Reporter
February 3, 2021