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.
Consumer Confidence Rebounds as Homebuying Plans Hit Record
U.S. consumer confidence unexpectedly rose in April to the second-highest level since 2000 as Americans grew more upbeat about both current conditions and the economic outlook, according to figures April 24 from the New York-based Conference Board.
April 24, 2018CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp
Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.
XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts
XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.
April 24, 2018Trail King, Goldhofer Reach Distribution Agreement
Trail King Industries announced it would become the exclusive U.S. and Canadian distributor of highway trailers made in Germany by Goldhofer AG, which also will become the sole distributor of Trail King products globally.
How Hackers Could Cause Chaos on America’s Roads and Railways
When hackers struck the Colorado Department of Transportation in a ransomware attack in February and again eight days later, they disrupted the agency’s operations for weeks.
Secretary Chao to Keynote Infrastructure Week
Transportation Secretary Elaine Chao is scheduled to headline this year’s Infrastructure Week starting May 14.
Yamato, DeNA Test Autonomous Delivery System in Japan
On April 24, Yamato Transport Co. and DeNA Co. tested an autonomous vehicle delivery service to gauge the potential of self-driving technology in the field of logistics.
Litigation Dogs Lakeville Motor Express 15 Months After Minnesota Trucking Firm Shut Down
Pressures are mounting for the owners of the defunct trucking firm Lakeville Motor Express and its affiliates.
Freightliner Launches Cabover Refuse Truck
LAS VEGAS — Daimler Trucks North America has introduced a low cab-forward refuse model for its Freightliner brand that the company said will complete its vocational lineup.
Paccar Sets Record for Quarterly Revenue
Paccar Inc. notched record quarterly revenue and soaring net income in the first quarter, benefiting from a truck market that continues to climb.
April 24, 2018