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.
Heartland Profits Jump 22% in 2Q as Revenue Rises
Heartland Express reported second-quarter net income of $17.8 million, or 22 cents per share, a 22% increase from $14.6 million, or 18 cents, recorded in the second quarter of 2017.
July 19, 2018How General Motors Became a Force in Autonomous Sector
GM Cruise is running neck-and-neck with Waymo, a subsidiary of Google, to be first to bring fully autonomous cars to market. The two companies are considered the leaders in a crowded field, and San Francisco is the proving grounds to refine the technology.
Holland Addresses Driver Shortage With Veteran Training Programs
The expanded training program at Holland, a regional less-than-truckload transportation provider, is chipping away at the driver shortage problem by training veterans to become professional, full-time truckers.
Fed Beige Book Cites Trucking Woes as Drivers Prove Hard to Find
American businesses want to keep trucking along, but they’re running into a persistent roadblock: a driver shortage amid high demand for freight services.
Amazon Logistics Seen as Way to Owning a Delivery Business
Amazon.com has nearly 200 warehouses, a fleet of trucks and airplanes, and even its own delivery drones — yet the company has determined that is not enough to satiate its booming demand.
House OKs Bill to Delay TWIC Deployment at High-Risk Facilities
The U.S. House of Representatives has approved legislation calling for a delay in deploying thousands of biometric readers for transportation security cards at the nation’s high-risk ports and commercial facilities.
J.B. Hunt Chairman James Thompson Sells Over $1.9 Million of Shares
JB Hunt Transport Services Inc. Chairman James K. Thompson sold $1.98 million of shares, according to a filing with the U.S. Securities & Exchange Commission.
July 19, 2018Oregon Truck Driving Championships
A video panorama of the Oregon Truck Driving Championships, held June 16, 2018, in Portland.
July 19, 2018Volvo Profits Jump 47% on Sales Growth
Volvo AG reported second-quarter operating income of $1.4 billion, or 50 cents a share, a 47% increase from $939 million, or 32 cents, in the same period a year ago.
Rhode Island Says First Month of Truck Tolling Garners $625,989
PROVIDENCE, R.I. — The Rhode Island Department of Transportation says the state made more money than expected in its first month of tolling trucks.
July 19, 2018