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.
Senate Funding Bill Tasks DOT With Reviewing Ag Haulers’ ELD Concerns
Sen. John Hoeven (R-N.D.) indicated he may propose a provision aimed at assisting livestock haulers struggling with electronic logging device requirements when the Appropriations Committee considers a fiscal 2019 transportation funding bill June 7.
Lineage Logistics Acquires Warehouse in Wisconsin, Adds Four Southeast Locations
Lineage Logistics has acquired Service Cold Storage in Stevens Point, Wis., along with a portfolio of four leased cold-storage warehouses located in Georgia, Louisiana, South Carolina and Virginia.
Brexit Britain Wants to Become a Leader in Driverless Vehicles
Britain is stepping up its plans to be a leader in self-driving cars. The government is awarding 25 million pounds ($33 million) this week to as many as six projects that will research and test autonomous vehicles on highways and on trials of remote-control parking.
Bill Targets Driver Shortage With Age-Restriction Reduction
In an attempt to close a truck driver shortage cited by industry insiders, Ninth District Rep. Trey Hollingsworth is co-sponsoring a bill that would lower the age when commercial motor vehicle drivers are able to travel across state lines from 21 to 18.
ATA’s Chris Spear Cautions Against Further ELD Exemptions
INDIANAPOLIS — The head of American Trucking Associations warned during a legal seminar here that further exemptions from Congress to electronic logging requirements for agricultural haulers could threaten safety on the nation’s roads.
Wisconsin State Truck Driving Championships
Photo coverage of winners and scenes from the 2018 Wisconsin Truck Driving Championships May 18-19 in Appleton, Wis. (Photos courtesy of the Wisconsin Motor Carriers Association)
June 4, 2018Uber Freight Launches ‘Fleet Mode’
Uber Freight has added a “fleet mode” to its mobile app to enable dispatchers at small fleets to find and book loads and assign them to their drivers.
10-Week Streak of Rising Diesel Prices Ends With .3¢ Drop
For the first time in 11 weeks the U.S. average retail price of diesel decreased, dropping by .3 cent to $3.285, according to the U.S. Department of Energy’s Energy Information Administration report June 4.
Schneider Executive Shaleen Devgun Named Adviser to Investment Firm 8VC
The connection between Schneider, one of the nation’s largest truckload and logistics service providers, and venture capital fund 8VC is deepening with the appointment of Shaleen Devgun, chief information officer and executive vice president at Schneider, as an adviser to the San Francisco-based investment firm.
June 4, 2018Opinion: Managing Contracts for Maximum Efficiency and Minimum Risk
Trucking fleets work every day to draft, negotiate and execute contracts with suppliers, employees, subcontractors and customers that maximize revenue and produce efficiencies for all involved. But in a heavily regulated industry such as trucking, compliance issues related to federal, state and local laws must be directly reflected in these contracts, and that can get burdensome.