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.
Wintry Weather Illustrates One Challenge Facing Vehicle Automation
Snow-covered blacktop can be a big problem for autonomous vehicles, which to this point largely use cameras that zero in on lane markings to guide the car down the highway.
Prosecutor Takes on Defense in Pilot Flying J Fraud Trial; No Verdict Yet
CHATTANOOGA, Tenn. - Jurors in whose hands rest the fate of the former president of the nation’s largest diesel fuel retailer and three subordinates went home Feb. 7 after nearly four hours of deliberations and no verdict.
Uber’s Kalanick: We Didn’t Hire Waymo Engineer to Steal Self-Driving Secrets
Travis Kalanick got some vindication in court on Feb. 7. Under friendly cross-examination by a lawyer for Uber — the ride-hailing company he co-founded and led until it ousted him last June — Kalanick got a chance to present himself as an earnest guy who loved his work, cared about the future and didn’t take illicit shortcuts as he competed aggressively in the race for self-driving cars.
Old Dominion Reports Solid Fourth Quarter
Old Dominion Freight Line announced fourth-quarter and full-year results, reporting net income of $197.2 million, or $2.40 earnings per share, up from $68.5 million, or 83 cents, in the fourth quarter of 2016.
February 8, 2018Jobless Claims Decline, Approach an Almost 45-Year Low
U.S. filings for unemployment benefits unexpectedly declined last week, hovering close to an almost 45-year low and signaling a tight job market, Labor Department figures showed Feb. 8.
February 8, 2018Echo Global Logistics Revenues Surge 34.6%
Echo Global Logistics revenues surged 34.6% and profits beat analysts’ expectations by a large margin in the three months ended Dec. 31.
February 7, 2018Old Dominion Freight Line Helps MLB Teams Move
Continuing its partnership with the league and MLB teams across the country, Old Dominion Freight Line, along with fans and players, celebrated the beginning of a new season during the traditional spring training send-off known as Moving Day, according to a release.
XPO Profits Soar in Fourth Quarter
XPO Logistics Inc. announced profits grew sevenfold in the fourth quarter, with strong results in last-mile deliveries, brokerage and less-than-truckload, and that the company nearly doubled its bottom line excluding the benefit of the Tax Cuts and Jobs Act.
UPS Gets $2.4 Million in Incentives for $41 Million Expansion Project in Texas
UPS Inc. wants to build a $41 million expansion to its El Paso, Texas, facility, and it plans to do so with more than $2 million in incentives from the city and the county.
Fiat Chrysler CEO: Even With Autonomous Vehicles, Brand Identity Will Be Key
The term generic might imply a reasonable, cost-effective choice at the grocery store, but Fiat Chrysler Automobiles CEO Sergio Marchionne says it’s no way to think about cars.