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, Technology

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.

Dana Hull | Bloomberg News
January 31, 2019
Government, Business

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.

Eleanor Lamb | Staff Reporter
January 31, 2019
Business, Technology, Safety

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.

Daniel P. Bearth | Staff Writer
January 31, 2019
Government, Business

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.

Irene Garca Prez | Bloomberg News
January 31, 2019
Business

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.

Ryan Vlastelica | Bloomberg News
January 31, 2019
Business, Top 50, Top 100

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.

Daniel P. Bearth | Staff Writer
January 31, 2019
Business, Technology

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.

Seth Clevenger | Managing Editor, Features and Multimedia
January 31, 2019
Business

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.

Daniel P. Bearth | Staff Writer
January 30, 2019
Government, Business, Safety

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.

Marissa Gamache | Features Coordinator
January 30, 2019
Business, Equipment

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.

Roger Gilroy | Senior Reporter
January 30, 2019