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.
California Governor Wants Investigation of High Gas Prices
SACRAMENTO, Calif. — California’s governor has asked the attorney general to investigate why the state’s gas prices are so high, pointing to a new report suggesting big oil companies are “misleading and overcharging customers” by as much as $1 per gallon.
Stamps.com Soars as UPS Deal Seen as ‘Step in the Right Direction’
Stamps.com Inc. shares rallied Oct. 22 ahead of the opening bell after UPS Inc. announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000.
Fatalities in Crashes Involving Large Trucks Increased by Just Under 1% From 2017 to 2018
Fatalities in crashes involving large trucks increased by just under 1% from 2017 to 2018, to 4,951 from 4,905, according to statistics released by the National Highway Traffic Safety Administration.
FMCSA Says Drug, Alcohol Clearinghouse Will Be Open to Other Agencies
The Federal Motor Carrier Safety Administration has announced its plans to permit Drug and Alcohol Clearinghouse records to be disclosed to agencies outside the U.S. Department of Transportation to ensure compliance with drug testing regulations.
UPS Net Income Up 15.9%, Revenue Rises 5%
UPS Inc. reported $1.75 billion in net income in the third quarter of 2019, up 15.9% from the same period a year ago, in an earnings statement released Oct. 22.
Diesel Slips 0.1¢ to $3.050 a Gallon
The U.S. average retail price of diesel dropped by 0.1 cent to $3.050 a gallon, the Department of Energy reported Oct. 21.
Konexial Acquires Axle Technologies’ ELD, Fleet Management Customers
Konexial Inc. acquired Axle Technologies’ complete roster of electronic logging device and fleet management customers, Konexial officials said Oct. 21.
October 21, 2019Einride Adds Investors, Eyes US Market
Einride, the Swedish provider of an autonomous, all-electric transport vehicle, announced $25 million in Series A funding to assist in expanding to the United States, among other goals.
Perspective: Bringing Aptitude, Attitude to Hiring
The biggest change in the recruiting process for drivers and technicians is more emphasis on aptitude and attitude, says Kari Beeson of Transervice Logistics Inc.
Exxon Trial Probes How Oil Giant Accounts for Climate Change
NEW YORK — New York’s attorney general is accusing Exxon Mobil of lying to investors about how profitable the company will remain as governments impose stricter regulations to combat global warming.