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

Mitch McConnell Says Bipartisan Highway Bill Could Be Announced July 21

Senate Majority Leader Mitch McConnell (R-Ky.) indicated July 20 he hopes to announce the details of a bipartisan highway funding authority plan July 21.

July 20, 2015
Business

Navistar Has New $1.04 Billion Term Loan

Navistar International Corp. said it has a new $1.04 billion senior secured term loan to give the truck maker additional financial flexibility.

July 20, 2015
Business, Logistics

Radiant Logistics Announces Stock Sale

Radiant Logistics Inc. announced a public offering of 6.67 million shares at $6.75 per share.

July 20, 2015
Government, Business, Safety, Fuel

Stemco Unveils DataLogger to Test Fuel Efficiency

Stemco announced that it has created a test showing fuel-efficiency gains from using its TrailerTail technology.

July 20, 2015
Business, Fuel, Equipment

Michelin Offers New Single Trailer Tire

Michelin Americas Truck Tires is introducing the X One Multi Energy T wide-base single trailer tire in the 455/55R22.5 size.

July 20, 2015
Business, Government

DHL Global Forwarding Starts US-Mexico LTL Service

DHL Global Forwarding has begun a less-than-truckload service between the United States and Mexico.

July 20, 2015
Business

Section of I-10 Closed Between Southern California, Phoenix

A main corridor of Interstate 10 between California and Arizona is closed indefinitely after heavy rains caused a bridge to collapse July 19.

July 20, 2015
Business

BNSF Logistics Buys Transportation Technology Services

BNSF Logistics, which is owned by BNSF Railway, announced the acquisition of Transportation Technology Services to expand the buyer’s capability to manage oversize rail cargoes such as wind energy equipment.

Rip Watson | Special to Transport Topics
July 20, 2015
Business, Autonomous

Simulated City to Test Self-Driving Cars Opens in Michigan

A simulated city opens July 20 on the north campus of the University of Michigan to test how self-driving cars will travel in the future without mowing down pedestrians or causing colossal crashes.

July 20, 2015
Business

Mississippi River Bridge in St. Louis to Close for Four Months

Truck drivers and others who use the Martin Luther King Bridge to cross the Mississippi River in St. Louis will have to use an alternate route for the next four months beginning July 20.

July 20, 2015