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.
SAP, Uber Join Forces to Integrate Freight Networks
Enterprise software firm SAP and load-matching app developer Uber Freight have partnered to connect their shipper and carrier networks in an effort to improve supply-chain efficiency.
Perspective: Drivers Seek Improvements on Routes
An annual survey of thousands of drivers found that while most are happy with the pay structure their fleets offer, they see room for improvement with how their routes are selected.
Lawmakers Introduce Bill to Repeal Federal Excise Tax on New Trucks
Two members of the U.S. House of Representatives recently introduced legislation aimed at repealing the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers.
Michael Bills to Defend Title at N.C.’s ‘Super Bowl of Safety’
The Tar Heel State is set to test its top drivers at the North Carolina Truck Driving Championships hosted by the North Carolina Trucking Association. The competition will be held May 9-11 at the N.C. State Fairgrounds in Raleigh.
May 7, 2019Daseke Reports 32% Increase in 1Q Revenue to $433 Million
Flatbed and specialized carrier Daseke Inc. reported May 6 that first-quarter revenue increased 32% to $433 million, compared with $327.6 million in the same period last year, but posted a decline in earnings due to increased investments.
FMCSA’s Meal, Rest Break Ruling Withstands First Court Challenge
A California court has dismissed a truck driver’s claims regarding the state’s meal-and-rest-break provisions, which the Federal Motor Carrier Safety Administration has determined are pre-empted by federal law.
Diesel Climbs 0.2¢ to $3.171
The U.S. average retail price of diesel climbed 0.2 cent to $3.171 a gallon, as crude oil prices settled below $63 amid international tensions, the Department of Energy reported May 6.
Trump Warns He Will More Than Double Tariffs on Chinese Imports
President Donald Trump wrote in a May 5 tweet that he will dramatically increase tariffs on Chinese imports to 25% from 10%, starting May 10.
Oil Rises as Middle East Tension Drowns Out Trump Trade Threats
Oil recovered from early declines after President Donald Trump threatened to escalate his trade war with China but also dispatched warships to the Middle East in a warning to Iran.
VW Said to Revive Push to Separate Peripheral Units
Volkswagen AG is renewing efforts to sell minority stakes in non-core operations to streamline its business and focus on the main passenger-car brands, according to people familiar with the matter.