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.
In Week 5 of Shutdown, Votes Set Up Political Test for Senate
WASHINGTON — Senate leaders agreed to hold votes this week on dueling proposals to reopen shuttered federal agencies, forcing a political reckoning for senators grappling with the longest shutdown in U.S. history: Side with President Donald Trump or vote to temporarily end the shutdown and keep negotiating.
TransForce Expands Into Driver Training With Acquisition of The CDL School
TransForce Inc. is making another acquisition, but this time it is not buying a rival driver staffing agency.
Waymo Announces Plan for Autonomous-Vehicle Factory in Michigan
LANSING, Mich. — Google self-driving car spinoff Waymo said Jan. 22 that it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world’s first plant “100%” dedicated to the mass production of autonomous vehicles.
ATA Truck Tonnage Index Has Best Year in 20 Years
Truck tonnage closed out 2018 on a 20-year high with an annual increase of 6.6%, American Trucking Associations announced.
XPO Accepts Violation in Fatal Accident Involving Granite Slabs
XPO Logistics has agreed to accept a serious violation and pay a fine of more than $10,000 in connection with a June 25 accident that claimed the lives of two workers.
Cummins X12 Engine Available in Western Star 4700
Cummins Inc. announced its X12 engine, which weighs only 2,050 pounds, is available in Western Star 4700 straight trucks and tractors.
January 23, 2019Developers Seek to Advance Truck Platooning Through Higher Automation, Global Demonstrations
WASHINGTON — Truck platooning has not yet advanced beyond the testing and development stage, but proponents and developers of the technology continue to explore ways to eventually deploy it in real-world freight operations.
Despite Record Revenue, 2018 Kansas City Southern Earnings Fall Short of Expectations
Kansas City Southern, the smallest of the Class 1 railroads in North America, reported record fourth-quarter and full-year 2018 financial results on Jan. 18.
Autonomous Technology Promises Safety Benefits, TRB Speakers Say
WASHINGTON — While the debut of automated vehicles in the marketplace remains years away, the technology already available has the potential of improving safety for commercial drivers, officials and experts at the annual meeting of the Transportation Research Board here said.
Heartland Express Sees Profits Jump as Fleet Gets Smaller
Heartland Express reported lower revenue but higher profits in the fourth quarter of 2018 as the company continues a program to shrink its fleet and re-establish itself as one of the nation’s most efficient truck operators.