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.
Drivewyze Announces Safety Notifications Service
Drivewyze announced its Safety Notifications service is being offered free to subscribers of its PreClear weigh station bypass service. The new notifications provide alerts when a Drivewyze-enabled truck approaches a high-rollover area, plus it alerts drivers to upcoming low bridges.
July 25, 2019Total Quality Logistics Plans Expansion
Total Quality Logistics announced it would construct a second building on its headquarters campus to accommodate nearly 600 new employees that the company anticipates hiring, primarily in sales and information technology roles, over the next five years.
July 25, 2019Advancing New Technologies a Priority for USDOT Leadership, OMB Official Says
The U.S. Department of Transportation under the Trump administration has devoted significant resources to the transformative arena of autonomous vehicle technology, a former DOT official said at the Brookings Institution on July 25.
Kenworth Offers Alcoa Dura-Black Wheels
Kenworth Truck Co. announced the availability of the new Alcoa Dura-Black wheels with alternative styling for its heavy- and medium-duty conventional truck models.
July 25, 2019FMCSA Plans Survey on Harassment, Assaults of Minority, Female Truck Drivers
The Federal Motor Carrier Safety Administration is drawing up plans for a survey and study to better understand the “prevalence, seriousness, and nature of the problem of harassment and assaults against minority and female truckers.”
Mullen Group’s Revenue Jumps 7.9% as Oil Service Remains in Demand
Canadian carrier Mullen Group Ltd. increased revenue by C$23.3 million, or 7.9%, to $319 million in the second quarter ended June 30, according to a company news release.
Amazon Results to Show Extent of Sales Boost From 1-Day Shipping
The effects of Amazon.com’s one-day shipping push on profitability and sales will be watched closely when the e-commerce giant reports earnings July 25.
VW Bucks Downward Trend in Weak Markets on Strength of SUV Deliveries
Volkswagen AG joined PSA Group in using sales of lucrative SUVs to stand out against a crowd of carmakers struggling with the auto market’s downturn.
Business-Equipment Orders Jump by Most Since Early 2018
Orders placed with U.S. factories for business equipment posted the biggest gain in more than a year, and shipments unexpectedly increased, suggesting corporate investment is regaining momentum despite tariffs and global weakness.
Tesla Plunges on Profit Doubts, Co-Founder J.B. Straubel’s Surprise Exit
Tesla Inc. shares plummeted after a worse-than-expected loss and yet another major management change cast fresh doubts on the electric car maker’s future.