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.
Doyle Coatney, Longtime Owner of Acme Truck Line, Dies at Age 82
Doyle Coatney, the longtime owner and CEO of Acme Truck Line in Gretna, La., died May 1. He was 82.
UPS to Use Futuristic-Looking Fleet of Electric Delivery Trucks in London, Paris
UPS Inc. plans to deploy a small fleet of futuristic, boxy-looking all-electric delivery trucks as part of a pilot program in London and Paris by the end of this year.
May 10, 2018Infrastructure Bill Unlikely This Year, White House Says
Just days before prominent infrastructure stakeholders kick off a campaign to promote regional and local highway construction needs, White House Press Secretary Sarah Sanders told reporters that President Donald Trump’s massive infrastructure package is unlikely to advance this year.
Chicago Man Charged in Scam That Routed UPS Mail to His Apartment
A Chicago man has been charged in a scheme that temporarily changed the address for the global headquarters of shipping giant UPS Inc. to his tiny garden apartment, resulting in thousands of pieces of mail meant for UPS executives and other employees being delivered to his doorstep.
Daseke Pares Losses, Doubles Revenue
Daseke Inc. reported a first-quarter net loss of $800,000, or minus 4 cents per share, compared with a net loss of $7.7 million, or minus 32 cents per share, in the first quarter a year ago.
Harris Saunders, Truck Leasing Executive, First Trala Chairman, Dies at Age 93
Harris Saunders Jr., the former head of Saunders Leasing System and picked to be the first chairman of the Truck Renting and Leasing Association in 1978, died May 6. He was 93.
Consumer Prices Rise Less Than Forecast as Autos Drop
U.S. consumer prices rose by less than forecast in April as costs for automobiles and airfares declined, reducing chances that inflation will run significantly above the Federal Reserve’s target in coming months.
Radiant Logistics Profits Slump as Transportation Costs Rise
Radiant Logistics, a provider of domestic and international freight forwarding, truck and rail brokerage, warehousing and order fulfillment services, reported lower profits in the fiscal third quarter despite a buoyant freight market that pushed up gross revenues 12.2% in the three months ended March 31.
Trump Infrastructure Plan Ailing, but Not Dead, in Senate
A water resources bill under consideration in the Senate appears to reject the White House’s $1.5 trillion infrastructure plan, but top Republicans say parts of the Trump proposal eventually may make it into the legislation later this month.
DOT Unveils Drone Tests Ranging From Deliveries to Farming
A who’s who of technology and aviation companies won U.S. approval to push the edge of the envelope in drone flights, from testing people’s tolerance for delivery devices hovering over their rooftops to ensuring farmers’ drones won’t hit crop dusters.