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.
White House Infrastructure Adviser DJ Gribbin Steps Down
David J. “DJ” Gribbin, the key architect of President Donald Trump’s $1.5 trillion infrastructure proposal, is leaving the White House to “pursue new opportunities,” a White House official told Transport Topics on April 3.
Class 8 Orders Continue to Rocket Higher
North American Class 8 truck orders erupted in March to surpass 46,000. That was more than double the volume compared with a year earlier, and remaining production slots for later this year are fast disappearing, ACT Research Co. reported.
April 3, 2018Toyota Talks Self-Driving Cars and the Real Reason the Automaker Suspended Testing
When a woman crossing an Arizona street was struck and killed by a self-driving Uber car late last month, it sparked a swift public reckoning over the near-term future of autonomous vehicle testing on public roads.
Investment in Technology, Innovation Is Changing Business of Logistics
The combination of technology and innovation is changing the business of transportation and logistics in ways that are both potentially disruptive and critical to improving existing processes. And the changes are coming from inside and outside of the industry.
Trucker Path Enters ELD Market
Mobile application developer Trucker Path has entered the electronic logging device market as enforcement of the federal ELD mandate tightens.
April 3, 2018Trump Keeps Heat on Amazon Over Postal Deal
President Donald Trump continued his campaign against Amazon.com on April 3, again claiming the company is costing tax payers billions of dollars through a special deal with the U.S. Postal Service.
April 3, 2018Celadon Vows ‘Back to Basics’ as Stock Nears Delisting
The leaders of beleaguered carrier Celadon Group said they were focused on “getting back to basics” after a year of turmoil and an inevitable delisting of its stock by the New York Stock Exchange.
'Absurd' US Tariffs Underscore European Union’s Frustration Over Trade Spat
The security reasons given by the White House for imposing tariffs on Europe make no sense, the prime minister of Denmark said as he questioned the underlying logic of U.S. trade policy.
Roadrunner Reports Nine-Month 2017 Results
Roadrunner Transportation Systems in the past week traveled a bit further on its path to earn a profit and remain a publicly listed company, releasing results for the first nine months of 2017. The Downers Grove, Ill.-based truckload and less-than-truckload carrier has been amending its financial filings since announcing more than a year ago that a company-led investigation found that the previous management team made substantial accounting errors.
Ryder Acquires Last-Mile Delivery Carrier MXD Group
Ryder System Inc. is acquiring all of the outstanding equity of MXD Group, an e-commerce fulfillment provider, with its North American network of facilities, including last-mile capabilities.
April 3, 2018