Business
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.
Waymo Looks to Calm Doubts About Driverless Cars With Data Release
The voluntary disclosure comes less than a month after Waymo announced that it would begin offering fully driverless service to customers in Arizona and days before an election that could usher in a much tougher regulatory regime.
New York Officials Break Ground on Staten Island Expressway Project
New York Gov. Andrew Cuomo recently announced that construction has begun on a project to create a continuous auxiliary lane on a portion of the Staten Island Expressway.
USA Truck Posts Strong Net Income During Q3
USA Truck Inc. reported that its third-quarter bottom-line result swung to a profit from a loss in the year-ago period.
Exxon Warns of $30 Billion Shale Writedown Amid Record Loss
Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.
Rhode Island Trucking Company Owner Admits to Falsifying ELD Records
The owner of a Rhode Island-based trucking company has admitted to falsifying service records for approximately 20 drivers.
Daimler to Take Stake in Luminar, Diversifying Autonomous Efforts
Daimler AG’s truck unit is investing in a laser-sensor startup to bolster its development of self-driving trucks in the U.S. less than a week after striking a deal to use driverless technology from a unit of Google parent Alphabet Inc.
Forward Air Reports Lower Q3 Earnings as Pandemic Pressures Profits
Forward Air Corp. saw net income decease year-over-year in the third quarter, a result of effects driven by the pandemic, the carrier reported Oct. 29.
Hub Group’s Q3 Earnings Lower as Pricing Issues Squeeze Profits
Hub Group reported lower third-quarter earnings as pricing issues hurt its profit margin.
Defense Sales Brighten Allison Q3 Results
Allison Transmission Holdings Inc. reported lower net income and revenue in the third quarter as its defense segment contributed higher sales.
Pelosi Wants ‘Big’ Health Care, Infrastructure Push in 2021
House Speaker Nancy Pelosi is preparing a 2021 legislative agenda with two “great, big initiatives” — expanding health care access and rebuilding American infrastructure — that are longtime Democratic priorities aligned with Joe Biden’s platform and taking on fresh urgency in the COVID-19 crisis.