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.
Pennsylvania Increases Safety Measures for Autonomous Vehicle Testing
Self-driving car companies testing in Pennsylvania may have to have a second safety engineer in the passenger seat if they want to comply with new state guidelines.
Existing-Home Sales Rise for First Time in Three Months
Contract signings to purchase previously owned U.S. homes rose for the first time in three month in June, data from the National Association of Realtors showed.
July 30, 2018Wisconsin Frac Sand Producers Seek Relief From Rail Costs, Service Issues
In a clash of old and new industries, Wisconsin frac sand producers say their business is threatened by a handful of railroads operating under outdated regulations. Wisconsin produces about a third of the nation’s supply of sand used to extract natural gas and oil through a process known as hydraulic fracturing, or “fracking.”
What's Next on the Road to Self-Driving Trucks?
Automation in the trucking industry is ramping up quickly. But how will the next levels of automation be deployed? Episode 2 of RoadSigns has the answers. Click to listen.
July 27, 2018P.A.M. Rides More Loads, Logistics Service to Higher 2Q Results
P.A.M. Transportation Services Inc. reported a surge in net income and stronger revenue for the second quarter amid lower operating ratios, respectively, at its truckload and logistics units.
Universal Logistics Holdings Reports Revenue Record for 2Q
Universal Logistics Holdings Inc., a Warren, Mich., truckload carrier, said the company set a record for total operating revenue in the second quarter, reaching $366 million compared with $305 million in 2017.
July 27, 2018Stemco Names Eric Vaillancourt President
Stemco announced it hired Eric Vaillancourt as its new president.
July 27, 2018USA Truck Reports 23% Rise in Revenue
USA Truck reported second-quarter net income of $2.5 million, or 31 cents per share, compared with a net loss of $2.8 million, or a minus 35 cents a share loss, in the second quarter of 2017. Operating revenue came in at $135.4 million, up more than 23% from $107.4 million a year ago.
July 27, 2018New CNG Station Opens in Central Virginia
American Natural Gas announced it opened a fast-fill compressed natural gas station in Lynchburg, Va. The facility will primarily serve CNG tractor-trailers operated from a nearby plant of PepsiCo Inc.’s Frito-Lay division, but it will also be open to the public.
July 27, 2018Echo Global Logistics Income, Revenue Jump
Echo Global Logistics reported record second-quarter net income of $7.7 million from a loss of $200,000 in the second quarter of 2017. The Chicago-based third-party logistics company reported earnings per share of 28 cents, up from a loss of minus 1 cent a share a year ago.
July 27, 2018