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.
Housing Starts Stabilize as Building Permits Edge Up
New-home construction fell in May after an April reading that was stronger than initially reported, signaling stabilization in the market amid lower borrowing costs.
June 18, 2019VW Steps Up Software Push With Own Operating System
Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,” a uniform software operating system across all new models.
Diesel Slides Again, Down 3.5¢ to $3.07 a Gallon
The U.S. average retail price of diesel dropped 3.5 cents to $3.07 a gallon, the Department of Energy reported June 17.
Target Takes a Hit From $50 Million Register Outage
The impact of Target Corp.’s weekend register glitch won’t show up until the retailer discloses quarterly revenue in August, but it could have cost the company about $50 million in lost sales, according to one analyst.
Maryland, CSX and Port of Baltimore Cooperate to Rebuild Critical Tunnel
The Port of Baltimore and officials for the state of Maryland as well as railroad CSX Corp. are seeking federal help to rebuild the nearly 125-year-old Howard Street Tunnel, which, they say, is symptomatic of the nation’s crumbling infrastructure and is significantly slowing freight traffic.
FHWA Announces Funding Opportunity for Transportation Technology Grants
The Federal Highway Administration recently announced the availability of $60 million in grant funding for states and cities pursuing projects that involve transportation technologies.
If You Got It, Indiana’s ‘Mr. Safety’ Probably Brought It
Nearly a week after a U.S. House transportation policy panel heard from trucking industry leaders and stakeholders, we thought it would be worthwhile to share the perspective from one of the safest commercial drivers in the country. Meet Robert “Bo” Gordon, aka "Mr. Safety." Here's your Capitol Agenda look ahead to the week for trucking on Capitol Hill.
Fidelitone Expands Fulfillment Service With Purchase of Remar
Fidelitone, a Wauconda, Ill.-based warehousing and distribution firm, is expanding its order fulfillment services with the purchase of Remar Inc., the company announced June 5.
June 17, 2019ZF Showcases Steering Assistance as Next Advance in Truck Safety
EAST LIBERTY, Ohio — ZF Group recently showcased its latest automated steering technology, offering a preview of the next advances in driver assistance that will soon become available in commercial trucks.
Domino’s Brings Self-Driving Pizza Delivery Pilot to Houston
Domino’s Pizza Inc. plans to test unmanned pizza delivery in Houston later this year. The chain, known as a technology leader in the restaurant industry, is teaming with Nuro, a Bay Area robotics startup run by two former Google employees.