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.
Another Day, Another Pay Hike for Drivers
With the annualized turnover rate at large truckload carriers soaring by the end of the first quarter, companies continued to open their checkbooks, giving pay raises to drivers as a way to keep them.
Nikola Motor Co. Launches Hiring Drive
Nikola Motor Co. is starting the hiring process to staff its new Arizona research and development center, slated to open in November.
June 12, 2018Allison Partnerships Will Provide Data on Transmissions
Allison Transmission Inc. has partnered with multiple North American telematics service providers to deliver transmission-health information by year-end.
June 12, 2018Clean Energy Shareholders Approve Large Investment by Total Marketing Services
Clean Energy Fuels Corp. shareholders approved the purchase of 50.8 million shares of common stock by Total Marketing Services S.A., a wholly owned subsidiary of oil and gas company Total S.A., for gross proceeds of $83.4 million.
June 12, 2018Love’s Expands Truck Parking in Four States
Love’s Travel Stops now is serving customers at three new travel stops in Florida, New Mexico and North Carolina.
June 12, 2018With Promised Semi on the Horizon, Tesla Cuts 9% of Workforce
Electric car maker Tesla Inc. is laying off about 3,600 workers mainly from its salaried ranks as it slashes costs in an effort to deliver on CEO Elon Musk’s promise to turn a profit in the second half of the year.
June 12, 2018US Imposes New Security Measures on Incoming Air Cargo Shipments
U.S. authorities are requiring airlines to give them more notice about certain types of cargo that officials believe may pose a security risk.
May Trailer Orders Boom Amid Jammed Up Supply Chain
ACT Research Co. reported trailer orders in May climbed 30% to 23,300, based on its preliminary estimate. Trailer makers called the ongoing surge unprecedented.
CSX Agrees to Pay $3.2 Million for Women Harmed by Job Testing
CSX Transportation Inc. and the U.S. government asked a federal judge to approve an agreement settling sex bias allegations for $3.2 million and other relief.
Pennsylvania State Truck Driving Championships
Photo coverage of winners and scenes from the 2018 Pennsylvania Truck Driving Championships June 8-9 in Middletown, Pa. (Photos by Eleanor Lamb/Transport Topics)
June 12, 2018