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, Logistics

NFI Expands Brokerage, Intermodal Business With Purchase of SCR Air Services

NFI completed the purchase of SCR Air Services Inc., a Seattle-based freight brokerage firm that specializes in shipping food and other products needing temperature control, the company announced Feb. 11. Terms were not disclosed.

February 13, 2019
Business

3 Ways to Revolutionize Interline Payables

Interline payables processing is easily one of the most important and time consuming processes your business will try to manage. We break down the three biggest speed bumps in the process and ways to avoid them altogether.

February 13, 2019
Business, Logistics, Top 50

Redwood Logistics Acquires Strive Logistics

Redwood Logistics said it is acquiring Strive Logistics, a move that will create a multimodal freight brokerage firm with more than $1 billion in freight under management.

February 13, 2019
Government, Business, Technology, Logistics

Tesla Racing to Get Model 3s to China Before Potential Tariff Hike

Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.

Dana Hull | Bloomberg News
February 13, 2019
Government, Business

Ford Says Plants at Risk, Urges UK to Reach Brexit Deal

Ford Motor Co. warned of dire consequences for U.K. factories employing more than 7,000 people if British politicians fail to agree on a plan to avert a no-deal split from the European Union.

February 13, 2019
Business, Technology, Equipment

Spotlight Shines on Pickup Trucks as Electric Vehicle Race Expands

Plug-in pickup trucks look to be the next frontier in the budding electric vehicle industry as startup Rivian Automotive is said to be in talks with General Motors Co. and Amazon.com.

Esha Dey | Bloomberg News
February 13, 2019
Business, Technology, Equipment

Mainstream Car Models More Dependable Than Luxury Brands, Survey Shows

Prospective buyers planning to splurge on a luxury car may want to reconsider. Mass-market brands now are more reliable than premium models.

Alexandra Semenova | Bloomberg News
February 13, 2019
Business, Top 100

Fleets Offer Salaries, Other Pay Models to Retain Drivers Amid Labor Shortage

Cents per mile remains the dominant form of pay in the for-hire truckload sector, but its dominance is not as strong as it once was as fleets embrace alternative pay models that take cyclicality out of driver pay. Fleets that have implemented new payment methods said drivers appreciate the steady income.

Mindy Long | Special to Transport Topics
February 13, 2019
Government, Business, Technology, Autonomous, Top 100

Federal Framework on Autonomous Vehicles Policy Essential, UPS Executive Says

WASHINGTON — Nationwide policy for autonomous cars and trucks has the potential of facilitating the flow of freight while improving safety, according to a senior executive at UPS Inc. on Feb. 12.

Eugene Mulero | Senior Reporter
February 13, 2019
Business, Top 50

C.H. Robinson Names Bob Biesterfeld as CEO

Logistics company C.H. Robinson announced that Chief Operating Officer Bob Biesterfeld will rise to the post of CEO on May 9 through a planned succession. Biesterfeld will replace John Wiehoff, who has been in the job for 17 years, the company said in a Feb. 11 press release.

Marissa Gamache | Features Coordinator
February 13, 2019