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, Fuel

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.

Adam Beam | Associated Press
October 22, 2019
Government, Business, Logistics

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.

Janet Freund | Bloomberg News
October 22, 2019
Government, Business, Safety

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.

Eric Miller | Senior Reporter
October 22, 2019
Government, Business, Safety

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.

Eric Miller | Senior Reporter
October 22, 2019
Business, Top 100

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.

Jim Stinson | Staff Reporter
October 22, 2019
Government, Business, Fuel

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.

Jim Stinson | Staff Reporter
October 21, 2019
Business, Technology, Equipment, Logistics

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, 2019
Business, Technology, Fuel, Autonomous

Einride 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.

Roger Gilroy | Senior Reporter
October 21, 2019
Business, Logistics, Perspective

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.

Kari Beeson | Senior director of recruiting, Transervice Logistics Inc.
October 21, 2019
Government, Business

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.

Cathy Bussewitz | Associated Press
October 21, 2019