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.
C.R. England, Cargo Transporters Raise Driver Pay
C.R. England Inc. is boosting pay for solo and team drivers and driver trainers for the second time in eight months, and Cargo Transporters Inc. is giving a pay increase to its over-the-road and regional truck drivers.
January 31, 2019Amazon Sales, Profit Top Estimates as Retail, Advertising Soar
Amazon.com Inc.’s sales and earnings in the busy holiday quarter beat analysts’ estimates, showing the world’s biggest web retailer can maintain rapid growth while improving profitability and fending off online competition from rivals such as Walmart Inc.
Tesla’s Sales Top Expectations, but Earnings Disappoint
Tesla on Jan. 30 reported fourth-quarter results that included better-than-expected sales — but its earnings supported CEO Elon Musk’s assertion from earlier this month that the electric-car maker has a “very difficult” road ahead in 2019.
Growth in 2019, but Recession May Be on Horizon, Economist Says
ATLANTA — Despite a generally strong economic performance in 2018, a global recession could be lurking in the shadows through 2019, a leading economist told attendees at the SMC3 Jump Start 2019 conference Jan. 30.
Industry Groups Object to New Chassis Fees Taking Effect at Ports
Transportation industry groups are criticizing a plan by some ocean carriers to begin seeking new administrative fees for cargo containers, known as “street turns.” The fees are set to take effect Feb. 4 and range from $30 to $75, depending on the carrier.
Connecticut Makes Push Toward Electrifying Vehicle Fleet
The Connecticut state Department of Motor Vehicles says less than a third of 1% of the state’s 2.9 million registered vehicles are electric, and lawmakers, clean energy advocates and labor and business groups say that ratio must drastically change for the state to hit its aggressive targets for pollution cuts.
Texas Forms Self-Driving Car Task Force
The Texas Department of Transportation is moving forward with the formation of a Connected and Autonomous Vehicle (CAV) Task Force, made up of membership from state and local governments, academia, TxDOT staff and the autonomous vehicle industry.
Driver Fuel Incentive Programs: What Works, What Doesn't And Why
Successfully implementing a driver fuel incentive program is a great way to reward professional drivers and control your fuel budget. If you are looking to implement a driver fuel incentive program or have tried and are not satisfied with the results, then you should attend.
January 31, 2019Cargo Chief Raises $2.5 Million in Venture Capital
Cargo Chief, which provides a carrier integration platform for 3PLs, announced it has raised more than $2.5 million, according to a Jan. 25 press release.
January 31, 2019Public Transit, Housing Merit Inclusion in Infrastructure Bill, Rep. Adriano Espaillat Says
With the U.S. House Transportation and Infrastructure Committee prepping to debate a long-term infrastructure bill, one of the panel’s newest faces intends to push transit and housing priorities throughout the process.