Trucking Business News

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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.

BusinessTechnologySafety

Integrated, Connected Technology Gaining Speed

The data underpinning equipment and freight deliveries carries many benefits for fleets willing to integrate factory-installed telematics, service communications and fleet management solutions into a useful stream of data, experts said Oct. 22 during American Trucking Associations’ Management Conference & Exhibition.

October 22, 2020
GovernmentBusinessLogistics

States Lose Fight to Get USPS Outside Monitor for Election Mail

States that claim changes by the U.S. Postal Service will threaten mail-in voting failed again to get an independent monitor appointed to observe the agency’s compliance with a court order.

October 22, 2020
BusinessSafety

Poor Insurance Underwriter Performance Is Causing Increasing Rates, Expert Says

The insurance underwriting industry continues to face financial uncertainty, characterized by historic underwriting losses for the transportation sector and rising insurance rates for motor carriers, insurance executives said during a virtual educational session at American Trucking Associations’ Management Conference & Exhibition.

October 22, 2020
GovernmentBusinessTop 100

Mullen Reports Profit Gain on Lower Revenue in Q3

Mullen Group posted a gain in profit during the third quarter, helped by COVID-19-related economic subsidies, an improving economy and strong e-commerce business.

October 22, 2020
Business

US Consumer Comfort Falls to Seven-Week Low

A weekly measure of U.S. consumer confidence fell to a seven-week low on significant declines in attitudes toward the economy and buying climate — just about two weeks before the presidential election.

October 22, 2020
Business

Union Pacific Posts Lower Net Income, Revenue in Q3

Union Pacific Corp. is the latest Class I railroad to report lower third-quarter earnings when measured against 2019, with company officials saying Oct. 22 the COVID-19 pandemic is responsible for the drop in net income and revenue.

October 22, 2020
BusinessLogistics

CSX Reports Lower Q3 Net Income, Revenue

CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.

October 22, 2020
GovernmentBusiness

Pelosi Says ā€˜Just About There’ on Stimulus; Senate Hurdle Awaits

House Speaker Nancy Pelosi said she and Treasury Secretary Steven Mnuchin are ā€œjust about thereā€ on a deal for a coronavirus relief package even as there are outstanding differences still being negotiated.

October 22, 2020
GovernmentBusinessLogistics

Ports Report Strong September as Retailers Restock

Just months after cargo volumes plunged amid the COVID-19 pandemic, the nation’s ports are staging a comeback as falling product inventory levels at warehouses, stores and medical facilities are being quickly replenished.

October 22, 2020
BusinessTechnologyEquipment

Continental Is Said to Explore Sale of Turbocharger Business

Continental AG is exploring a sale of its turbocharger unit as the German auto-parts maker conducts a major restructuring to stem losses, according to people familiar with the matter.

October 22, 2020