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.
Capitol Agenda for the Week of Feb. 26: If We All Drove Electric Cars
Where, exactly, does a federal fuel-tax increase fit in with plans for funding infrastructure? A look at the week ahead for trucking on Capitol Hill.
Harbor Trucking Association, Clean Energy Forge Exclusive Partnership
The Harbor Trucking Association announced Clean Energy Fuels Corp. will be the exclusive provider of clean transportation fuels to the group, whose membership includes more than 100 drayage companies operating more than 8,000 trucks in West Coast ports.
February 26, 2018FedEx Stays Silent While Calls Mount for Boycott Over NRA Discounts
FedEx Corp., operator of the world’s largest cargo airline, has given no sign of budging from the discounts on shipping it offers to members of the National Rifle Association, even as social-media calls for a boycott mount following the deadly school shooting in Florida.
Oil Demand Strong Into 2020, Bank of America Analyst Blanch Says
Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing.
February 26, 2018TuSimple Expands as It Readies Self-Driving Truck Technology
Though it will likely be a decade or more before commercial trucks roll down the road without human drivers, trucks with sophisticated, semi-autonomous driving systems will soon be on the street — with a person aboard to supervise.
BMW, Toyota Back a Driverless Startup That Wants to Start Small
As automakers spend billions to rack up autonomous miles and map city streets, Toyota Motor Corp. and BMW AG are also betting on a startup with a more modest approach.
TFI, Mullen Group Post Higher Earnings in 2017
Canadian truck and logistics firms TFI International and Mullen Group Ltd. reported increased earnings for 2017, but TFI's results were mixed in the fourth quarter while Mullen set revenue records for its trucking/logistics segment.
Sales of New Homes Fall to Lowest Level Since August
U.S. sales of new homes unexpectedly fell in January to the lowest level since August as borrowing costs rose and winter weather depressed demand, according to government data released Feb. 26.
February 26, 2018UPS Sues European Union for $2.1 Billion After Botched Veto of TNT Bid
UPS Inc. is suing the European Union for 1.7 billion euros ($2.1 billion) in compensation for damage it claims to have suffered when regulators wrongly vetoed its attempted takeover of parcel delivery rival TNT Express NV.
Snider Adds Mitchell 1 Repair Capabilities
Fleet services provider Snider Fleet Solutions added Mitchell 1 diagnostic and repair capabilities to its more than 80 locations in the South and Midwest.
February 26, 2018