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.
Fed Economists Say Tariffs More Likely to Kill Than Create Jobs
U.S. President Donald Trump may hope his tariffs on imported steel and aluminum will create new jobs, or at least protect existing ones. Researchers at the Federal Reserve Bank of New York said the opposite outcome was more likely.
CARB Expected to OK Tougher Smoke Opacity Limits in May
California environmental regulators are scheduled next month to consider changes that would toughen state standards on smoke opacity as well as require motor carriers with two or more trucks to report to the agency the results from an annual smoke self-test.
Everybody Loses in Trade War, Canadian Chamber of Commerce President Says
President Donald Trump has tweeted “trade wars are good, and easy to win. Don’t believe it, the president of the Canadian Chamber of Commerce told Tampa business and political leaders April 18.
Wabco Reports Net Income, Earnings Soar
Commercial vehicle supplier Wabco Holdings Inc. reported double-digit boosts in first-quarter net income and revenue as it moved to consolidate its presence in North America.
Jobless Claims at Three-Week Low Amid Tight Labor Market
U.S. filings for unemployment benefits fell to a three-week low, continuing a trend that indicates a tight labor market, Labor Department figures showed April 19.
April 19, 2018Ex-Trooper Sentenced in Dallas Trucking Company Inspection Fraud
A former Texas Department of Public Safety sergeant was sentenced to 15 months in federal prison April 16 for accepting bribes from a Dallas trucking company in exchange for top-level inspection decals.
Don Burnette Becomes Last Otto Co-Founder to Leave Uber Technologies
With the recent departure of Don Burnette, all four co-founders of driverless-trucking company Otto have left Uber Technologies Inc., about 18 months after Uber’s purchase of the startup.
Experts Recommend Composite Materials to Fulfill Infrastructure Needs
Using composite materials in construction could help offset the country’s multi-trillion dollar infrastructure deficit, according to various engineering experts who testified April 18 before a House subcommittee on research and technology.
Carriers Keep Rolling Out Driver Pay Raises
The need for truck drivers has spurred a number of carriers recently to raise compensation and entice qualified drivers to stick around.
Logistics, Accelerated
How are technology and innovation trends changing the logistics business? We explore the changes that helped shape the 2018 Top 50 Logistics Companies rankings.
April 18, 2018