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.
September Used Class 8 Sales Flat
The price of the average used Class 8 sold in September neared $40,000, building on recent gains, and sales were nearly flat compared with a year earlier, ACT Research reported.
Echo Global Logistics Posts Higher Q3 Profit, Revenue
Echo Global Logistics posted higher third-quarter profits and revenue on the strength of freight volume.
Saia Reports 26% Net Income Gain in Q3
Saia Inc. posted a strong gain in profit even as revenue grew modestly in the third quarter.
Schneider National Reports Increased Net Income in Q3
Schneider National saw net income soar during the third quarter as demand surged, the company reported Oct. 29.
TuSimple to Build Hub in Texas, Expects Fully Driverless Routes in 2021
Global automated trucking company TuSimple is setting up shop at AllianceTexas’ newly launched Mobility Innovation Zone, which it hopes will bolster a national expansion and fully driverless testing.
New TIA President Anne Reinke Details Leadership Approach
New Transportation Intermediaries Association chief Anne Reinke plans to lead by supporting and enhancing what already is working.
Werner Increases Net Income but Sees Lower Revenue in Q3
Werner Enterprises posted mixed results as profits increased on lower revenue during the third quarter, the company announced Oct. 28.
Digital Wave Sweeps Over Tire Management
Launching a digital tire management program in your fleet based on real-time information and predictive maintenance analytics is a good idea now because, for one thing, your competitors are likely to have one already and are benefiting from the results.
Zeta, Now Tropical Storm, Leaves Trail of Blackouts Across South
Tropical Storm Zeta is spinning across the U.S. South after walloping New Orleans, blacking out 1.9 million homes and businesses and leaving a trail of wreckage from Louisiana to North Carolina.
Jobless Claims Decline More Than Forecast in Week Ending Oct. 24
Applications for U.S. state unemployment benefits fell more than forecast last week, suggesting the labor market remains on the path of gradual improvement — while still far from its pre-pandemic health.