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.

Government, Business

Daimler Cuts 2018 Outlook After Lower 3Q Projections

Daimler AG on Oct. 19 cut its earnings outlook this year for the Mercedes-Benz Cars and Daimler Buses divisions and for the Daimler Group.

Roger Gilroy | Senior Reporter
October 19, 2018
Government, Business, Safety

States Feel Brunt of Driver Shortage in Search for Snowplow Drivers

State departments of transportation seeking equipment operators to take on temporary seasonal work have not been able to avoid the driver shortage that the trucking industry grapples with daily.

Eleanor Lamb | Staff Reporter
October 19, 2018
Business

2018 MCE

Photos from the 2018 Management Conference & Exhibition at the Austin Convention Center in Austin, Texas, Oct. 27-31.

October 19, 2018
Government, Business, Fuel

Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate

U.S. refiners are getting stung by President Donald Trump’s reported efforts to keep consumer prices from rising in the run-up to the 2020 election. The Trump administration is seeking to slow the implementation in 2020 of tighter fuel restrictions on the global shipping industry.

Stephen Cunningham | Bloomberg News
October 19, 2018
Business, Logistics

B&H Worldwide Expands European Network

British aerospace logistics provider B&H Worldwide announced the opening of two offices in Europe as well as the launch of a Europewide road freight network to provide an alternative road transport solution to current airfreight services.

October 19, 2018
Business, Technology, Logistics

BigRoad Freight Introduces Personalized Load-Matching Platform

BigRoad Freight has launched a new set of features that gives drivers access to personalized load boards, load searching and truck posting through the BigRoad app. That allows them more control over the shipments they choose, according to a press release.

October 19, 2018
Business, Safety

NTDC Grand Champion Scott Woodrome to Be Honored at MCE

The country’s top truck driver will be honored at the Management Conference & Exhibition, the annual industry gathering hosted by American Trucking Associations.

Eugene Mulero | Senior Reporter
October 19, 2018
Business, Logistics

Some Suppliers Cautious After Sears Files for Bankruptcy

Shortly after filing for bankruptcy earlier this week, Sears Holdings Corp. sent a letter to suppliers asking for their “ongoing support.” That’s been a difficult pitch. Some vendors have stopped shipping products to the retailer over concerns they won’t get paid, according to people with knowledge of the situation, who asked not to be identified because the talks are private.

October 19, 2018
Business, Technology, Logistics

DeliveryCircle Launches SaaS Platform KrewZen

DeliveryCircle, a same-day delivery solution for shippers, has introduced KrewZen, a Software-as-a-Service platform that gives retailers, third-party logistics companies and distributors the tools to build a local delivery network for same-day, final-mile deliveries.

October 19, 2018
Business, Logistics

Odyssey Logistics & Technology to Acquire AFF Global in Busy Day of Mergers

Odyssey Logistics & Technology Corp. has agreed to buy U.S.-based freight forwarder AFF Global Logistics for $465 million in cash and equity, the company announced Oct. 18.

Daniel P. Bearth | Staff Writer
October 19, 2018