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, Equipment, Fuel

Truck, Engine Makers Refine Products to Meet 2021 GHG Emission Standards

Original equipment manufacturers and engine suppliers have found a variety of ways to meet the challenges posed by the 2021 Phase 2 standards for greenhouse gas emissions and fuel efficiency.

Gary Frantz | Special to Transport Topics
November 16, 2020
Government, Business

Biden Plots Economic Recovery in Meeting With CEOs, Union Heads

President-elect Joe Biden met Nov. 16 with the chief executives of General Motors Co. and Microsoft Corp., as well as key labor leaders, as he begins to outline how to contain the coronavirus pandemic and revive the economy during his administration.

November 16, 2020
Government, Business, Fuel

California Seeks 150 Participants for Road User-Charge Research

As part of continued work to study an alternative to the state fuel tax, the California Department of Transportation is seeking 150 volunteers for road user-charge research.

Eleanor Lamb | Staff Reporter
November 16, 2020
Government, Business

House Democrats Press White House to Preserve Records

The top transportation policymaker in the U.S. House of Representatives joined the chamber’s senior Democrats in recently calling on the Trump White House to comply with federal record-keeping laws.

Eugene Mulero | Senior Reporter
November 16, 2020
Business, Equipment, Logistics

Home Depot Reunites With HD Supply in Deal Catering to Pros

Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.

Richard Clough | Bloomberg News
November 16, 2020
Government, Business, Logistics

China Calls for Rejecting Protectionism as It Braces for Biden

Chinese Vice President Wang Qishan called for global solidarity and a shift away from protectionism as Beijing grapples with the prospect of a new administration in Washington.

Peter Martin | Bloomberg News
November 16, 2020
Business, Equipment, Safety

Meritor, DTNA Extend Air Disc Brake Deal

Meritor Inc. and Daimler Trucks North America announced that Meritor EX+ LS air disc brakes will be standard on all wheel positions on Freightliner Cascadia truck models through 2025.

November 16, 2020
Business, Logistics

Surprise Cargo Surge Could Surpass Last Year’s Holiday Period

Freight carriers including container shippers and cargo airlines say global demand is building toward a seasonal peak that could outstrip last year’s as more consumers shop online to overcome coronavirus curbs.

November 16, 2020
Business, Technology, Equipment

CVG Posts Lower Earnings, Revenue in Q3

CVG reported lower net income and revenue in the third quarter as a result of a drop in commercial vehicle build rates offset by results from warehouse automation initiatives in the expanding e-commerce environment.

Roger Gilroy | Senior Reporter
November 16, 2020
Business, Equipment

Meritor Fiscal Q4 Earnings Cut by Falling Demand

Meritor Inc. reported lower fiscal fourth-quarter net income and revenue, pointing to the COVID-19 pandemic’s effect on customer demand.

November 16, 2020