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.
Owner of Dicom Transportation Group Sells off Canadian Business
General Logistics Systems, a division of Royal Mail in the United Kingdom and a major parcel carrier in Europe as well as regional operator in the United States, is buying the Canadian operations of Montreal-based Dicom Transportation Group for C$360 million from Wind Point Partners.
Kathleen McCann to Step Down as CEO at United Road
Kathleen McCann, chairman and CEO of United Road Services, announced that Mark Anderson will take over as CEO next year as she transitions to the role of executive chairman.
Seko Logistics, DSV Group Move to Expand E-Commerce Capabilities
U.S.-based Seko Logistics and DSV Group in Denmark have each made recent moves to increase their international e-commerce capabilities.
VW Board Preparing Next Steps for Truck Unit Listing
Volkswagen AG’s board is working toward a decision to list its heavy-truck division, a move that would generate fresh funds for its bid to challenge global leaders Daimler AG and Volvo AB, according to people familiar with the matter.
September 14, 2018Import Surge Drives Busiest August in Port of Oakland’s 91-Year History
The Port of Oakland on Sept. 13 reported the busiest August in its 91-year history, a record start to its peak season with imports up 9.2% from a year ago.
Autonomous Vehicles to Bring Groceries to Oklahoma City Residents
Don’t worry, you haven’t fallen, but the turnip truck is about to start driving itself.
Uber to Invest More Than $150 Million in Toronto Driverless Car Hub
Uber Technologies Inc. will spend more than $150 million in Toronto to support driverless car research.
Senate Still Reviewing FAA Bill That Contains Trucking-Related Issues as Deadline Nears
Proponents of a bill that includes language to ensure nationwide uniformity of meal-and-rest-break rules for truck drivers are racing against the clock to advance the measure before a funding deadline, but face resistance from some Democratic senators.
Volvo Trucks Develops Autonomous Vehicle Called Vera
Volvo Trucks, the manufacturing arm of Volvo Group, underscored its commitment to offering autonomous commercial vehicles in the near future with the announcement recently that it has developed a self-driving, battery-electric, tractor-like unit it calls Vera.
Federal Standard on Autonomous Vehicle Technology Is Needed, Rep. Latta Says
WASHINGTON — Congress needs to ensure autonomous vehicle technology operates under a national directive instead of a patchwork of guidelines from the states, a key House authorizer said Sept. 13.