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 Is at 17-Year High
U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Feb. 27.
Omnitracs Announces Unified Software Platform
NASHVILLE, Tenn. — Omnitracs announced plans to launch a unified software platform for its mobile communications systems, a move designed to provide fleets with greater flexibility during a time of rapid change for the trucking industry.
FedEx Says It Backs Assault Rifle Ban, but Won’t Cease Business With NRA Due to Politics
Overnight shipping giant FedEx defended its business relationship with the National Rifle Association Feb. 26, saying the gun group is just another client whose politics they ignore.
J.J. Keller Completes ELD Software Updates to Fix Data Transfer Problems
J.J. Keller & Associates said it has released software updates that resolve data transfer problems with its electronic logging devices.
February 27, 2018Orders for Business Equipment Unexpectedly Fell in January
Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand is cooling from its hot pace in recent quarters, a Commerce Department report showed Feb. 27.
FMCSA Clarifies ELD Guidance for Horse Haulers
The Federal Motor Carrier Safety Administration has issued a new slate of guidelines to mitigate confusion over whether livestock haulers, including those who transport their horses, are required to install electronic logging devices on their trucks or possess a commercial driver license.
Universal Logistics Reports Solid Year
Universal Logistics Holdings Inc. reported fourth-quarter net income of $24.4 million, or 86 cents per share, compared with $2.7 million, or 10 cents, in the fourth quarter of 2016.
Tell Us Your Vision of the Future of Logistics
How will technology and innovation change the business of transportation and logistics? That’s a question we are exploring as part of a series of articles on the theme, “Navigating the Future,” in Transport Topics this year.
February 26, 2018Diesel Technician Program Receives $400,000 From Kenworth Sales
The trucking industry’s need for diesel engine technicians spurred Kenworth Sales Co. to donate $400,000 to the Diesel Tech Pathways program at Salt Lake Community College’s Westpointe Center, according to the company.
Magellan Transport Logistics Plans Major Florida Expansion
Magellan Transport Logistics, the nation’s largest Service-Disabled Veteran-Owned Small Busines,s is setting down solid roots in Jacksonville, Fla., with a significant expansion of its North American logistics headquarters.