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.

GovernmentBusinessTechnologySafety

Special Freight Railcars Could Travel at High Speeds, Federal Researchers Show

For at least the past decade, America’s railroads have been toying with the notion of freight trains moving at speeds approaching some passenger bullet trains.

April 21, 2020
GovernmentBusinessSafety

N.Y. Gov. Andrew Cuomo Calls for Federal Coordination of Supply Chain for COVID-19 Tests

New York Gov. Andrew Cuomo called for federal coordination of the supply chain to make COVID-19 testing more widely accessible to states.

April 21, 2020
GovernmentBusinessLogistics

FRA Announces $311 Million in Funding Availability

More than $311 million in funding is available for projects designed to improve freight and passenger rail connectivity, federal railroad regulators announced this month.

April 20, 2020
GovernmentBusinessFuelBreaking News

Oil Price Turns Negative in Historic First; Diesel’s Decline Continues

The price of oil dropped to its lowest level in history April 20, sinking into negative pricing as oil supplies are beginning to overwhelm the globe’s storage capacity.

April 20, 2020
BusinessFuel

Oil Plunges Below Zero for First Time in Unprecedented Fall

Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S. oil trading.

April 20, 2020
BusinessEquipment

Commercial Vehicle Production to Fall 20% Globally in 2020, IHS Forecasts

Global commercial vehicle production will plunge 20% this year compared with 2019, with the North American market slumping more than 30%, according to an analysis from IHS Markit.

April 20, 2020
BusinessSafetyTop 100

JBS to Shut Down Minnesota Pork Plant After COVID-19 Outbreak

JBS SA, the world’s top meat company, will shutter its pork processing facility in Minnesota following an outbreak of the coronavirus, adding to concerns that slaughterhouse logjams will tighten meat supplies for consumers.

April 20, 2020
BusinessEquipmentSafety

Wabash Announces Temporary Idling, Furlough

Wabash National Corp. announced plans to implement a two-week idling of operations and companywide furlough from April 20 to May 3.

April 20, 2020
BusinessEquipment

Phillips Industries Promotes Rob Phillips to CEO

Phillips Industries announced Rob Phillips succeeded his father, Bob Phillips, as CEO, effective March 15.

April 20, 2020
Business

GM, Ford Credit Arms May Lose Billions on Used-Car Price Plunge

General Motors Co.’s and Ford Motor Co.’s finance arms likely face multibillion-dollar losses linked to the dramatic drop in used vehicle prices, JPMorgan Chase & Co. analysts said.

April 20, 2020