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.
Editorial: Cash in Hand, Behind the Wheel
If you pay them, will they come? Motor carriers have been boosting driver pay at a steady clip lately. It seems that a week can’t pass without a company announcing that it’s boosting compensation, be it on a per-mile basis or through bonuses and incentives.
April 19, 2018Marten Reports Higher Profits, Revenue in 1Q
Marten Transport Ltd. reported higher profits and revenue in the first quarter of 2018 as the Mondovi, Wis.-based truckload carrier benefited from lower taxes and stronger demand for freight hauling.
Ina Daly Crowned Grand Champion in Arizona State Truck Driving Championships
Competing in the tanker class, XPO Logistics Inc. trucking legend Ina Daly earned grand champion honors at Arizona’s truck driving championships and again secured a spot to the national tournament in August.
Amazon Nears Stock Record as Wall Street Praises Prime Milestone
Amazon.com shares gained as much 2.7% intraday April 19, putting the online retailer within 3% of its March 12 record-high after founder and CEO Jeff Bezos drafted a letter to shareholders touting the company surpassing more than 100 million users with paid Prime memberships.
Alabama Port Authority Finds Partner for Planned Automobile-Handling Terminal
Last month, the Alabama State Port Authority announced major funding grants for a planned automobile-handling terminal. It now has a deal with a partner that will develop and operate it.
House Consideration of Meal-and-Rest-Break Provision Possible Week of April 23
Three lawmakers are sponsoring an amendment to an aviation reauthorizing bill aimed at ensuring nationwide uniformity for meal-and-rest break rules for truckers.
Carriers, Shippers Working to Meet Demand for Freight Hauling
Carriers and shippers are adjusting to an environment where rising freight rates and a driver shortage are bumping up against an expected drop in capacity now that soft enforcement for truck drivers to record their on-duty status using ELDs has ended, compelling the industry to work hard to prevent disruption in the movement of goods.
Leveraging Transportation Intelligence to Incentivize, Reward and Retain Drivers
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April 19, 2018Tennessee Law Prohibits State Funds From Supporting ELD Enforcement of Ag Haulers
Tennessee Gov. Bill Haslam signed a law April 18 that would prohibit state funds from being used to enforce electronic logging device regulations for certain agriculture-related hauls.
NAFTA Negotiators Wrap Up Telecom Chapter, Sources Say
NAFTA negotiators are said to have wrapped up another chapter of the deal as the three ministers leading talks meet again in Washington amid a push for a deal in principle within weeks.