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.
Mobile Repair Shop Dickinson Buys Fleet Enterprises
Independent fleet management firm Dickinson Fleet Services has purchased Fleet Enterprises Inc. and its operations in Indiana, Kentucky, Michigan, Ohio and Pennsylvania.
May 3, 2018Canadian National to Buy 350 Center Beam Railcars
Canadian National Railway plans to purchase 350 73-foot center beam railcars to meet the growing demand for transporting lumber products, the Montreal-based railroad announced May 2.
May 3, 2018Lyft to Put Fleet of Driverless BMWs to Work in Las Vegas
A fleet of 30 driverless BMW 5 Series vehicles is about to hit the streets of Las Vegas.
Anheuser-Busch Orders 800 Nikola Hydrogen-Electric Trucks
Anheuser-Busch announced it has placed an order for up to 800 hydrogen-electric powered heavy-duty trucks from Nikola Motor Co. as the beverage company moves to convert its entire longhaul dedicated fleet to renewable-energy powered trucks by 2025 — underscoring how trucks can support broader corporate sustainability goals.
Profit, Revenue Grow at XPO as It Invests in Tech
XPO Logistics Inc. reported on May 2 that its first-quarter results vaulted more than 100%, stemming from the heightened demand from domestic freight and last-mile delivery.
Tech Vendors Offer Help to Reduce Driver Delays
CINCINNATI — Tight capacity and new electronic logging requirements are forcing shippers to explore new ways to minimize detention time for truck drivers, but technology suppliers attending the National Private Truck Council’s annual Education Management Conference and Exhibition here are ready to help.
Fed Leaves Interest Rates Unchanged
Federal Reserve officials left interest rates unchanged, acknowledging inflation is close to target without indicating any intention to veer from their gradual path of interest-rate increases.
NACFE Issues Guidance Report on Battery-Electric Trucks
LONG BEACH, Calif. — The North American Council for Freight Efficiency issued its first guidance report that details the impact on the commercial-vehicle sector of battery-electric trucks — an emerging technology that is prompting interest, investments and questions.
German Electric Carmakers Pose Threat to Tesla
Major German carmakers are rolling out stylish, sporty electric vehicles in the mold of Tesla's Models S, X and 3. Unlike Tesla, they have roughly a century of experience launching models every few months and can spread development costs across a broad portfolio.
Electrification Finds Its Ground Zero in California
LONG BEACH, Calif. — Expanding options for battery-electric technology and hybrid-electric and natural-gas engines are converging alongside efforts to protect forthcoming clear-air regulations, and longtime industry players must be ready to react to this evolving landscape, panelists said here at the Advanced Clean Transportation Expo, held April 30-May 3.