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.
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.
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.
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, 2019Prognostics 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.
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.
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, 2019Economic 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.
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, 2019Teamsters, 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.
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.