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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.