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.
In Driver Recruiting, AI Gets Real
While the wonders of artificial intelligence often are hyped beyond recognition, AI-powered recruitment software actually is offering real advantages to trucking companies.
Elon Musk Hires Morgan Stanley to Potentially Help Take Tesla Private
Elon Musk has hired Morgan Stanley to assist him in his potential bid to take Tesla Inc. private, according to a person familiar with the matter.
August 23, 2018Ohio's Scott Woodrome of FedEx Freight Reigns as NTDC Grand Champion
COLUMBUS, Ohio — The driver from FedEx Freight whose friends and colleagues often refer to as “the LeBron James of Trucking” earned top honors at the 81st National Truck Driving Championships on Aug. 18.
Colorado Transportation Bond Proposal Qualifies for November Ballot
The “Fix Our Damn Roads” proposal to sell $3.5 billion in bonds to finance state road and bridge projects has made the ballot, Colorado Secretary of State Wayne Williams announced Aug. 22.
Editorial: Shining the Spotlight on Safety
The job of the truck driver is not an easy one.
August 23, 2018US, China Raise Tariffs in New Round of Trade Dispute
BEIJING — The United States and China went ahead with tariff hikes on billions of dollars of each other’s automobiles, factory machinery and other goods Aug. 23 in an escalation of a battle over Beijing’s technology policy that companies worry will chill global economic growth.
Georgia’s New Inland Port Terminal Opens for Business
The Georgia Ports Authority celebrated the official opening of the Appalachian Regional Port in northwest Georgia on Aug. 22.
Driverless Startup Zoox Suddenly Removes CEO
Zoox Inc., an autonomous driving startup recently valued at $3.2 billion, has dismissed its chief executive officer, Tim Kentley-Klay, after closing a massive financing round in July.
World’s Biggest Shipping Firm Maersk to Test Russian Arctic Route
COPENHAGEN, Denmark — Danish shipping group A.P. Moller-Maersk said Aug. 23 it will send a cargo vessel through the Russian Arctic for the first time as a result of melting sea ice.
Jobless Claims Fall for Third Week in Tight US Labor Market
U.S. filings for unemployment benefits fell for a third week and remain near the lowest in almost five decades, indicating a tight job market, Labor Department figures showed Aug. 23.