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.
Tesla CFO Steps Down for Second Time
Tesla CEO Elon Musk revealed Chief Financial Officer Deepak Ahuja will retire a second time, reinforcing Tesla’s reputation for having an active revolving door of top executives.
ASCE Issues Three State Infrastructure Report Cards
The American Society of Civil Engineers released infrastructure report cards in January for Washington, Georgia and North Dakota.
I.D. Systems Acquires CarrierWeb to Expand Asset-Tracking Capabilities
Asset-tracking specialist I.D. Systems Inc. has acquired the U.S.-based assets of CarrierWeb, a global telematics firm that provides in-cab mobile communications, electronic logging devices and trailer tracking.
UK Auto Investment Down Almost 50% as Brexit Hits Spending
The British automotive industry saw investment plunge last year as carmakers delayed decisions on upgrading machinery and factories amid mounting concern about the impact of a hard Brexit.
Amazon Likely to Post Slowest Revenue Growth Since 2015
Amazon.com reports fourth-quarter results after the market closes Jan. 31, with analysts braced for a relatively weak read on revenue growth, and focusing instead on the benefits cloud-computing and advertising have had on its margins.
Schneider National Posts Record 4Q Results
Schneider National Inc. delivered record revenue and operating profits in the fourth quarter of 2018, and the company’s top executive said he expects to see continued improvement in the year ahead.
Uber Freight Now Enables Drivers to Rate Facilities
Truck drivers using the Uber Freight load-booking app can now rate shippers’ and receivers’ facilities and share feedback on factors such as wait times and amenities.
Landstar Sets ‘High-Water Marks’ for Revenue, Profits in 4Q
Landstar System reported record revenue and profits in the fourth quarter of 2018 and set new “high-water marks” for the number of loads and drivers in 2018, company officials said.
Four Women Among 18 Captains Named to 2019-20 America’s Road Team
ARLINGTON, Va. — Four women are among the 18 drivers chosen by American Trucking Associations as members of the 2019-20 America’s Road Team, representing the largest contingent of women ever selected to the team of industry ambassadors.
Wabash Reports Mixed First-Quarter, Full-Year Earnings
Trailer maker Wabash National Corp. reported revenue increased in the fourth quarter and set an all-time record for the full year, annual shipments were at near-record volumes, but net income dropped in both periods.