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

COVID-19 Package to Go Before Senate in February, Chuck Schumer Says

A new round of COVID-19 economic relief that would include aid for hard-hit transportation systems will be up for consideration in early February, Senate Majority Leader Chuck Schumer indicated Jan. 28.

Eugene Mulero | Senior Reporter
January 28, 2021
Business

Canadian Pacific Reports 20.7% Earnings Gain in Q4

Canadian Pacific Railway posted higher net income despite slightly softer revenue in the fourth quarter, the Class I freight railroad announced Jan. 28.

Dan Ronan | Senior Reporter
January 28, 2021
Business, Fuel

Pilot Co. Unit to Buy Ethanol Plant With Sights on Recovery

A unit of truck stop chain Pilot Co., which is partly owned by Warren Buffett’s Berkshire Hathaway Inc., is buying an ethanol plant just as the beleaguered industry may be turning around.

Kim Chipman | Bloomberg News
January 28, 2021
Government, Business

Economy Grows 4%; Transportation Services See Small Drop

The U.S. economy downshifted in the final three months of 2020 after record third-quarter growth, as the pandemic battered the labor market and limited Americans’ ability and willingness to spend.

Reade Pickert | Bloomberg News
January 28, 2021
Government, Business

Jobless Claims Fall by More Than Expected

Applications for U.S. state unemployment benefits fell last week, signaling that job cuts may be easing after rising in December and early January.

Olivia Rockeman | Bloomberg News
January 28, 2021
Business, Technology, Logistics, Autonomous

AV Holds Promise, But Lacks ‘Go Anywhere’ Ability, Panelists Say

Experts advised people to manage their expectations of automated vehicles for their traveling capabilities.

Eleanor Lamb | Staff Reporter
January 28, 2021
Government, Business, Safety, Fuel

Biden Directs Agencies to Address Climate Change

New directives approved by President Joe Biden in response to climate change set in motion an extensive environmental agenda throughout federal agencies while rolling back Trump-era guidance on permitting.

Eugene Mulero | Senior Reporter
January 28, 2021
Business, Autonomous

Tesla Disappoints Wall Street With First Results as a Blue Chip

Tesla Inc. reported lower-than-expected profit and record revenue, mixed results that disappointed investors used to razzle-dazzle — but more in tune with the S&P 500 heavyweight it has become.

January 27, 2021
Government, Business, Safety

Tutorials, Updated Datasets Among Upgrades Planned for FHWA Bridge Portal

The Federal Highway Administration will introduce tutorial videos, fix bugs and update datasets as part of a series of enhancements to its web portal that offers a wealth of data on bridges.

Eleanor Lamb | Staff Reporter
January 27, 2021
Business, Top 100

NFI Icon Bernard Brown Dies at 96

Bernard Brown, the visionary behind National Freight Inc., one of the oldest trucking companies in the U.S., died Jan. 21 at his home in Palm Beach Gardens, Fla.

Eric Miller | Senior Reporter
January 27, 2021