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.
Tire Safety Starts With the Pre-Trip Inspection
Ensuring that thorough tire inspections are part of every pre-trip checklist can extend tire life and help ensure that truck drivers make it to their destinations safely, tire experts said.
Former Grand Champions Battle Longtime Competitors at NTDC
In a few days, Michael Bills, a 26-year veteran of FedEx Express, will jump in a straight truck at the Greater Columbus Convention Center in Columbus, Ohio, for a shot to become the country’s top trucker at the 81st annual National Truck Driving Championships.
Elon Musk Considers Taking Tesla Private
Elon Musk said he’s considering taking Tesla Inc. private in a radical step that would ease pressure on the money-losing automaker.
August 8, 2018Nikola Raises $100 Million in August
Hydrogen-electric truck maker Nikola Motor Co. announced it has quickly raised $100 million of a planned $200 million in C-round funding as it accelerates the scale of its operations.
Heniff Transportation Acquires Miller Transporters
In a move that could signal increased consolidation among tank truck fleets, the owner of Heniff Transportation Systems announced the purchase of Miller Transporters, along with Miller Intermodal Logistics Solutions and other affiliated companies. Terms were not disclosed.
EPA to Study Financial Implications of Maritime Emissions Rules
The U.S. Environmental Protection Agency has launched a study of the potential economic impact forthcoming regulations that require shipping vessels to burn cleaner fuel might have on other transportation sectors, including trucking.
Mexican Energy Sector Overhaul Could Reduce US Export Demand
An ambitious plan to boost Mexico’s oil and gas production could slow the country’s energy sector reforms and hinder trade opportunities for U.S. refiners and pipeline companies that have ramped up exports to meet growing demand there, according to research firm Morningstar.
Commercial Vehicle Group Rides Truck, Construction Markets to Higher 2Q Results
Component supplier Commercial Vehicle Group Inc. reported a surge in second-quarter net income and its highest revenue since 2012 amid record heavy-duty truck orders and improvement in the global construction markets.
August 7, 2018Ryder Uses Uber Central to Boost Customer Service
Ryder System Inc. announced it is using Uber Central to transport drivers and technicians more easily to and from Ryder and customer locations, resulting in less downtime.
August 7, 2018Expeditors International Reports 2Q Earnings, Revenue
Air and ocean freight forwarder Expeditors International of Washington reported sharply higher profits and strong revenue growth in the second quarter of 2018.