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, Technology, Equipment, Safety, Autonomous

NTSB Calls Uber’s Fatal Crash a Lesson for All Automated Vehicle Testing

A 2018 fatal pedestrian crash involving an Uber Technologies Inc. automated vehicle in Arizona indicates that the challenges of self-driving vehicle operations have not yet been solved, and underscores a lack of sufficient federal and state oversight of developmental automated vehicle testing, investigators with the National Transportation Safety Board said at a Nov. 19 hearing in Washington.

Eric Miller | Senior Reporter
November 19, 2019
Business, Technology, Safety, Logistics, Perspective

Perspective: Blockchain Useful in the Food Supply Chain

Blockchain technology is capable of providing end-to-end transparency about where food originated and traveled, which can help reduce the risk of foodborne illness and the cost of produce contamination.

John Monarch | CEO & Co-Founder, ShipChain
November 19, 2019
Business, Logistics, Top 50, TCA

Logistics Firm Mode Reaches Agreement in $2.3 Billion Merger With SunteckTTS

Dallas-based Mode Transportation and SunteckTTS Inc. have reached an agreement to merge the two transportation and logistics companies under the Mode branding, generating more than $2 billion in annual revenue, according to a release.

Dom DiFurio | The Dallas Morning News
November 19, 2019
Government, Business, Technology, Safety, Autonomous

NTSB Slams Uber Self-Driving Car Unit’s Safety Culture

Uber Technologies Inc.’s self-driving vehicle unit lacked an effective safety culture at the time when one of its test vehicles struck and killed a pedestrian in Tempe, Ariz., in 2018, National Transportation Safety Board Chairman Robert Sumwalt said Nov. 19.

Ryan Beene | Bloomberg News
November 19, 2019
Business, Technology, Fuel

Nikola Announces Battery Technology Available to All

Nikola Corp. announced it has battery technology that would double the range of its heavy-duty trucks that are either fully electric or use a hydrogen fuel cell.

Roger Gilroy | Senior Reporter
November 19, 2019
Government, Business, Logistics, Top 100

Global Shipment Giant DHL Says Worst Is Over for Trade, Brexit

The worst may be over for global trade as tensions over Brexit and the U.S.-China relationship show signs of easing, according to John Pearson of DHL Express.

Richard Weiss | Bloomberg News
November 19, 2019
Business, Fuel, Logistics

Commodity Shippers Struggle to Obtain 2020-Compliant Fuel

Ships are struggling to obtain the fuels they need to test them in time for the start of sweeping environmental legislation that takes effect in six weeks’ time, a situation that could ultimately result in vessels having to temporarily halt trading.

November 19, 2019
Business, Technology, Logistics, Autonomous

Convoy to Expand Services After $400 Million in New Funding

Convoy’s intentions for putting a recent $400 million package of additional investment capital to work are straightforward — keep expanding its digital freight business through more machine learning, more automated loads, and more drop-and-hook arrangements.

Roger Gilroy | Senior Reporter
November 19, 2019
Business, Technology, Equipment, Fuel, Logistics, TCA

Yamato Transport Rolls Out Electric Vehicles for Parcel Delivery Near Tokyo

Yamato Transport Co. unveiled on Nov. 19 what it says is a greener, compact, driver-friendly electric truck that may offer hope for coping with the acute labor shortage in Japan’s door-to-door parcel delivery industry.

Masumi Koizumi | Japan Times
November 19, 2019
Government, Business, Logistics

New AAPA CEO Chris Connor Jumps Into US-China Trade Dispute

Chris Connor, the new president and CEO of the American Association of Port Authorities, knows his way around shipping after nearly 40 years in the industry, but his challenge now is to learn the perspective of port operators and government agencies regulating the facilities.

Dan Ronan | Senior Reporter
November 19, 2019