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.

Business, Technology, Logistics

Retailers, Logistics Firms Expand Final-Mile Delivery to Meet Rising E-Commerce Expectations

PHILADELPHIA — Retailers and transportation providers are embracing a blend of final-mile delivery strategies to keep pace with rapidly shifting online shopping habits.

Seth Clevenger | Managing Editor, Features and Multimedia
April 11, 2019
Government, Business, Logistics

Hemp Transport Legality Awaits Appeals Court Decision in Idaho Lawsuit

A decision expected soon by the 9th U.S. Circuit Court of Appeals could send a clear signal to truckers and shippers on the legality of transporting industrial hemp across state lines.

Eric Miller | Senior Reporter
April 11, 2019
Business, Technology

Warehouse Tech Startup Stord Receives $12.4 Million Investment

Stord Inc., an Atlanta-based startup that offers a technology platform for warehouse operators to market unused space, has received $12.4 million in funding from a group of investors that includes Tom Noonan and Chris Klaus, Dynamo, Rise of the Rest Fund and Engage Ventures.

April 11, 2019
Business, Technology, Equipment, Safety, Logistics, Top 100

Prognostics Takes Shape as the Future of Truck Repair

Condition-based maintenance is coming to commercial vehicles, and bringing with it transformative possibilities to expand real-time operational insights, foster an improved warranty process and, perhaps, accelerate sales of replacement parts, experts said.

Roger Gilroy | Senior Reporter
April 11, 2019
Government, Business, Fuel

With an Eye on Trump, Refiners Tout IMO Clean Fuel Rule as US Win

U.S. oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push.

Stephen Cunningham | Bloomberg News
April 11, 2019
Business

Schneider Adds 4,200 Intermodal Containers in 2018

Schneider added more than 4,200 intermodal containers in 2018 — a 24% increase from the year before — for a total of 22,200, according to a company news release.

April 11, 2019
Government, Business

Economic Growth: First Quarter Looking Good, Rest of Year Is Not

Economists expect U.S. first-quarter growth to decelerate less than previously thought even as they cut forecasts for the rest of the year, projecting a second-quarter rebound will fade as the effects of tax cuts wane.

April 11, 2019
Business

Gibson Energy Sells Canadian Truck Transportation

Gibson Energy Inc. sold Canadian Truck Transportation for C$100 million, the company announced in a news release.

April 11, 2019
Government, Business, TCA

Teamsters, YRC Freight Reach Tentative Deal Through 2024

Unions for workers at Overland Park, Kan.-based YRC Freight and two affiliated companies reached a tentative labor agreement that would result in wage increases over the next five years for most who are covered under the proposal.

Steve Vockrodt | The Kansas City Star
April 11, 2019
Business, Logistics

Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn

As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.

Ragnhildur Sigurdardottir | Bloomberg News
April 11, 2019