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 Factory Gauge Eases From Two-Year High as Employment Cools

U.S. manufacturing expanded at a slower pace in November, easing back from the strongest reading in two years as orders, employment and production cooled.

Henry Ren | Bloomberg News
December 1, 2020
Government, Business

Bipartisan Senate Group Pitching $908 Billion Stimulus Plan

A bipartisan group of lawmakers in the House and Senate unveiled a $908 billion stimulus proposal Dec. 1 in an effort to break a monthslong impasse that is threatening to tip the economy back into contraction.

December 1, 2020
Government, Business

House Democrats Press Trump Administration on Workforce Executive Order

President Donald Trump has created a new federal employment category that makes permanent jobs that were initially political appointments, formalizing a practice that presidential administrations have employed for years. However, congressional Democrats are expressing concern over the move.

Eugene Mulero | Senior Reporter
December 1, 2020
Government, Business

Joe Biden Weighs Rahm Emanuel for Transportation Secretary

President-elect Joe Biden is considering former Chicago Mayor Rahm Emanuel, a substantial and somewhat divisive figure in Democratic Party politics, to serve as his transportation secretary.

Aamer Madhani and Zeke Miller | Associated Press
December 1, 2020
Government, Business, Fuel

Chicago Mayor’s Budget Plan, Including Fuel Tax Hike, Is Approved

The Chicago City Council has voted to approve Mayor Lori Lightfoot’s 2021 budget proposal, which includes a fuel tax increase.

Eleanor Lamb | Staff Reporter
December 1, 2020
Business, Technology

Nikola CEO Mark Russell Forges New Path

Since taking the wheel at Nikola Corp. in September, Mark Russell has been adamant the electric-truck startup doesn’t need a deal with General Motors Co. to survive. Now he has to prove it.

Ed Ludlow and David Welch | Bloomberg News
December 1, 2020
Business, Logistics, Top 100

KLLM, Pride Transport Increase Pay for Truck Drivers

KLLM Transport Services and Pride Transport joined the surge of trucking companies set to raise driver pay.

Connor D. Wolf | Staff Reporter
December 1, 2020
Business, Technology, Equipment, Autonomous

Assembling the Autonomous Truck

Truck makers and tech startups continue to make progress in their pursuit of autonomous trucks, but moving this elusive technology past the testing and development phase to broad commercialization will require a great deal of integration work.

Seth Clevenger | Managing Editor, Features and Multimedia
November 30, 2020
Business, Technology

ERoad Names Tim Hogan Chief Technology Officer

Telematics provider ERoad appointed Tim Hogan as chief technology officer, effective Nov. 30.

November 30, 2020
Government, Business, Fuel

Diesel Climbs 4¢ to $2.502 Amid Stronger Demand

The U.S. Energy Information Administration reported Nov. 30 in its weekly survey that trucking’s main fuel increased 4 cents nationwide.

Dan Ronan | Senior Reporter
November 30, 2020