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.
EPA Inspector General to Audit Agency’s Emissions Test on Gliders
At the request of four Republican congressmen, the Office of Inspector General for the Environmental Protection Agency has announced plans to conduct an audit of a 2017 EPA study that concluded glider trucks are bigger polluters than trucks that meet newer federal emissions standards.
Manual Transmissions Rapidly Becoming a Thing of the Past
Bryan Berg drives a semi with a 13-speed transmission, and he’s been double-clutching and shifting gears in his rig for 30 years. He’s not about to start driving a truck that shifts automatically.
AI Hedge Fund Is Said to Liquidate After Less Than Two Years
The fledgling world of AI hedge funds is claiming one of its first casualties.
Trump Threatens Tariffs on Additional $267 Billion of Chinese Imports
President Donald Trump said he’s ready to impose tariffs on an additional $267 billion in Chinese goods on short notice, on top of a proposed $200 billion that his administration is putting the final touches on.
Tesla Erupts in Chaos After Senior Executives Leave, Musk Tokes Up
The turmoil at Tesla Inc. reached a fever pitch, as the news that two senior executives are leaving Elon Musk’s electric-car maker emerged just hours after he smoked marijuana during an hours-long interview streamed live online.
Pilot Flying J Drops Appeal of Decision on Santa Fe Truck Stop Proposal
Pilot Flying J recently dropped its court appeal of Santa Fe County’s decision to reject a truck stop proposed for a vacant parcel south of the Santa Fe, N.M., city limits.
US Hiring Picked up in August as Pay Surged Most in 9 years
WASHINGTON — The pace of hiring in the United States quickened in August, and wages grew at their fastest pace in nine years — evidence that employers remain confident despite the Trump administration’s ongoing conflicts with its trading partners.
Logistics Firm Worldwide Express Moving to Philadelphia’s Navy Yard
Worldwide Express is moving its Philadelphia office from Center City to the 1200 Intrepid Ave. office building in the Navy Yard business park being developed by Liberty Property Trust.
Battling Amazon, Chicago-Based ShipBob Lands $40 Million, Opens Warehouse
With $40 million in new investments announced Sept. 6, Chicago-based e-commerce logistics company ShipBob is eyeing an expansion — starting with a new fulfillment warehouse in Cicero and a push to hire 100 people in the next year.
Economists Paint Rosy Forecast for Trucking
WASHINGTON — Economists for trade associations representing manufacturing, construction and retail industries said during an industry conference here that they expect positive growth to continue for the remainder of 2018, with little chance of a downturn over the next year or so despite the threat of increasing trade tensions, rising interest rates and higher costs.