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.
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.
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.
2018 MCE
Photos from the 2018 Management Conference & Exhibition at the Austin Convention Center in Austin, Texas, Oct. 27-31.
October 19, 2018Refiners 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.
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, 2018BigRoad 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, 2018NTDC 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.
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, 2018DeliveryCircle 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, 2018Odyssey 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.