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.
House Transportation Panel to Examine Climate Change Impact
The wave of climate policy-centric hearings in the U.S. House of Representatives this month continues.
ATA’s Bob Costello Predicts Slower Market Growth in 2019
NASHVILLE, Tenn.— The freight market will grow at a slower pace this year than it did in 2018, according to American Trucking Associations Chief Economist Bob Costello.
Ford Fesses Up on Emissions Early in Effort to Limit the Damage
Ford Motor Co. revealed its emission testing could be flawed and took pains to soothe anxiety among investors in an industry wracked by years of pollution scandals.
Platinum Equity Acquires Toronto Customs Brokerage Firm
Platinum Equity has acquired Livingston International, a Toronto-based firm that specializes in customs brokerage, freight forwarding and trade consulting, according to the Beverly Hills, Calif., investment firm.
Daimler Joins BMW in Bid to Be a Force in Ride-Hailing Sector
Daimler AG and BMW AG are pouring more than 1 billion euros into their joint car-sharing and ride-hailing businesses to take on the likes of Uber Technologies Inc. and Lyft Inc.
February 22, 2019BNSF Plans $400 Million in Upgrades to Texas Rail System
Fort Worth-based BNSF Railway Co. will spend $405 million this year to upgrade its rail system running throughout Texas.
Exxon Partners With Microsoft to Boost Permian Oil Production
Exxon Mobil Corp. is partnering with Microsoft Corp. to crunch trillions of bits of data as the oil titan seeks to more than triple shale-oil production in the Permian Basin in less than a decade.
FMCSA Formally Ends Its Driver Diabetes Exemption Program
The Federal Motor Carrier Safety Administration on Feb. 21 formally announced the immediate end of its exemption process for the medical certification of insulin-dependent truck and bus drivers.
Driver-Shipper Relationships Rely on Respect, Communication
NASHVILLE, Tenn. — Communication and respect can ease relationships between truck drivers and shippers, according to panelists gathered at the 2019 Retention and Recruitment Conference on Feb. 21.
Young Drivers Discuss Industry Image, Recruitment Tips
NASHVILLE, Tenn. — Drivers can dispel negative perceptions about the trucking industry by demonstrating professionalism, regardless of whether they are on the road or interacting with customers, according to three young truckers.