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.
Wireless Hacking Demo Shows Tractor-Trailer Vulnerabilities
HOUSTON — A wireless hacking demonstration staged at the National Motor Freight Traffic Association's cybersecurity conference revealed the vulnerabilities of a tractor-trailer.
Parking Initiatives Boost Highway Safety, Executive Says
WASHINGTON — Enhancing parking availability for truck drivers would improve safety on the nation’s roadways, a senior Iowa trucking executive recently told senators.
National Zoo’s Giant Pandas Depart for China via FedEx
A specially outfitted Boeing 777F dubbed the FedEx Panda Express transported the National Zoo’s three giant pandas to Chengdu, China, Nov. 8 and 9, with a refueling stop in Anchorage, Alaska.
GXO Beats Soft Freight Market With Earnings Gains for Q3
GXO Logistics Inc. experienced an increase in third-quarter earnings on revenue growth despite the softer freight environment, the company reported Nov. 7.
$4 Million Lets Shipper Cut to Front of Line at Panama Canal
Japan’s Eneos Group paid $3.975 million in an auction Nov. 8 to jump to the front of the line at the congested Panama Canal waterway, a record high.
CVSA Adopts Policy Position on Beyond Compliance
The Commercial Vehicle Safety Alliance has adopted a slate of new policy positions, including in support of a “beyond compliance” concept.
Continental Slashes 2023 Truck Tire Sales Forecast
Continental AG slashed its expectations for North American commercial vehicle replacement tire sales in 2023.
US Plans to Build a Terminal at Sri Lanka’s Colombo Port
COLOMBO, Sri Lanka — The U.S. announced a $553 million project Nov. 8 to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo.
Scania Will Offer Electric Trucks as Pay-Per-Use
Scania is combining with logistics firm sennder Technologies to deploy 100 e-trucks to carriers in Germany.
Cruise Recalls Cars After Pedestrian Was Dragged
DETROIT — GM's Cruise autonomous vehicle unit is recalling all 950 of its cars to update software after one of them dragged a pedestrian to the side of a San Francisco street in October.