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.
Daseke Reports Revenue of $391 Million for Q1
Daseke Inc., the Addison, Texas-based flatbed transportation and logistics company, extended its losses in the first quarter as the rate environment softened.
Industry Doubles Transportation Secretary Elaine Chao’s Call to Fight Trafficking
The transportation industry has doubled Transportation Secretary Elaine Chao’s call to commit to practices that help combat human trafficking.
Iowa Driver Among First in US to Use Technology for CDL Skills Test
Lonnie Orr of Davenport, Iowa, was among the first drivers in the U.S. to take advantage of a federal emergency declaration allowing new drivers to maintain COVID-19 social distancing while having their driving abilities evaluated by a state examiner observing from a trailing vehicle.
How Switching Fuels Can Grow Your Business
As sustainability becomes more important to regulators and your customers, your fuel may be one of the simplest ways to meet their demands — and yours. In this webinar with Renewable Energy Group, learn how biodiesel and a blend of renewable diesel and biodiesel cut emissions while providing the performance fleets need.
May 7, 2020Tanker Truck Industry Faces Challenges as Fuel, Milk Deliveries Decline
Tank truck carriers have been among the trucking industry’s hardest-hit segments during the COVID-19 pandemic.
NHTSA Opts Not to Recall Takata Air Bag Inflators
The U.S. government’s highway safety agency will not force automakers to recall millions of newer Takata air bag inflators, citing industry research that shows the devices are safe.
Tesla Idles China Plant, Suspending Vehicle Output Worldwide
Tesla Inc. suspended production at its plant on the outskirts of Shanghai, according to people familiar with the matter, bringing to a halt all of the company’s vehicle manufacturing globally.
May 7, 2020ArcBest Records 61% Decline in Q1 Net Income
ArcBest Corp. reported a drop in revenue and profits for the first quarter, and business took a turn for the worse at the beginning of the second quarter amid the coronavirus pandemic.
33 Million Have Sought US Unemployment Aid Since Virus Hit
Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.
Oil Jumps After Saudi Arabia Raises Prices to Boost Recovery
Oil surged after Saudi Arabia raised prices for its crude globally.