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.
Old Dominion Executive Sam Faucette Awarded Top Safety Honor by ATA Council
American Trucking Associations’ Safety Management Council on Nov. 13 announced Sam Faucette of Old Dominion Freight Line as the winner of the 2018 National Safety Director Award. Faucette was honored at ATA’s Safety, Security and Human Resources National Conference and Exhibition in Long Beach, Calif.
WIT Conference Experts Debate Solutions to Turnover, Driver Shortage
FRISCO, Texas — Reliable pay and a variety of hauling options can help retain drivers and attract new ones amid a thinning workforce, according to two industry experts.
Nashville Chosen for Amazon Operations Hub
Amazon will build a $230 million operations hub in Nashville, Tenn., that will house 5,000 employees over the next 10 years.
Phoenix Logistics Opens Illinois Facility
Phoenix Logistics, an affiliate of national private commercial real estate firm Phoenix Investors, has opened a new facility in Herrin, Ill., according to a press release. To complete the move, the company has partnered with plastic containers manufacturer Pretium Packaging.
November 14, 2018Mckinney Trailer Rentals Adds Branch in San Antonio
Mckinney Trailer Rentals has opened a branch location in San Antonio.
November 14, 2018Inflation Remained Muted in October Despite Solid Economy
U.S. inflation showed little sign of breaking out in October despite strength in the economy and wages, likely keeping the Federal Reserve on its path of gradual interest-rate increases.
Newest Startup in On-Demand Warehousing Is a Trucking Company
The newest entrant in the nascent market for on-demand warehousing is the owner of a Chicago-based trucking company who said he wants to use technology to help reduce the time that drivers spend waiting for freight to be loaded and unloaded. Vlad Gasnikov, CEO of Business Lines of America Corp., is currently beta testing an online platform called OLIMP.
Medium-Duty Sales Increase in October
U.S. retail sales of medium-duty trucks increased 11.1% to 20,631 in October, with double-digit gains coming in most weight classes, WardsAuto.com reported.
Trump Administration to Hold Off on Car Tariffs After Trade Meeting
The Trump administration will hold off for now on imposing new tariffs on automobile imports as top officials weigh revisions to a report on the national security implications, according to two people familiar with the matter.
Electric Vehicle Revolution Goes Underground in Sweden With Mine Truck
Swedish mining equipment maker Epiroc AB on Nov. 14 launched a new range, including what it says is the largest battery-powered vehicle for mining below the Earth’s surface: a 42 ton-capacity truck that can haul blasted rock through narrow tunnels.
November 14, 2018