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.
Americold Completes First Year as Public Company With Solid Financial Results
Warehouse operator Americold completed its first year as a public company by reporting solid gains in revenue and higher operating profits in the fourth quarter of 2018.
Amazon.com 'Insourcing' Roils Freight Industry, Analysts Say
Amazon.com Inc.’s role in the shuttering of New England Motor Freight and the “body blow” dealt to XPO Logistics Inc. is raising alarms for trucking and logistics firms that do business with, or compete against, the popular online retailer.
Rising Trucking Costs Amplify Pressure for P&G, Church & Dwight
Procter & Gamble Co., the maker of Bounty paper towels, Crest toothpaste and Pampers diapers, says the cost of trucking its goods is still on the rise. Whether that leads to more price increases for U.S. consumers on top of last year’s remains to be seen.
FMCSA Medical Certification Process Under DOT Inspector General Audit
A spike in truck-involved fatal crashes and fraudulent truck driver medical certification cases has spurred a Department of Transportation Inspector General audit of the Federal Motor Carrier Safety Administration’s medical certificate program.
Tesla Model 3 Loses Consumer Reports Recommendation
Tesla Inc.’s Model 3 lost a coveted recommendation from Consumer Reports, dropping its brand from the top 10 of the magazine’s closely watched annual ranking. The electric-car maker’s shares dropped.
Crude Dragged Lower as US Production Hits Record
Oil declined for the first time in more than a week after U.S. government data showed an increase in crude stockpiles and production, and as the commodity tracked moves in the equity market.
ATA’s Spear Says Collaboration Can Help Reduce Driver Shortage
NASHVILLE, Tenn. — Collaborating with representatives of various industries and government agencies can buoy trucking workforce development efforts, according to American Trucking Associations President Chris Spear.
Recruiters Can Attract, Retain Drivers With Empathy, Experts Say
NASHVILLE, Tenn. — Empathy is an important quality to have when connecting with truck drivers, according to best-selling motivational author Jon Acuff.
Trimble, Digi Team to Monitor Refrigerated Freight
Trimble Inc. will collaborate with Digi International, a global provider of Internet of Things connectivity products and services, to allow Trimble fleet customers to use Digi’s SmartSense application on refrigerated trailers, according to a joint press release.
February 21, 2019Expeditors Posts Record Profit, Revenues in 2018
Expeditors International of Washington Inc. saw revenues shoot up 18% for both the final quarter of 2018 and the fiscal year, a record-setting accomplishment which company officials attributed to growing but volatile volumes in ocean and airfreight.