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.
New Truck Drivers Thrive as Companies Struggle to Hire
Emily Duck is only 5-foot-4, but she has no trouble shifting the gears, hitting the brakes or climbing into the cab of a big rig that she drives from Edwardsville, Ill., to Kansas City almost every night.
RoadOne IntermodaLogistics Merges with Robin Hood Container Express
RoadOne IntermodaLogistics reached a deal to bring Southeast drayage provider Robin Hood Container Express into its family of companies.
February 2, 2018Odyssey Logistics Opens Houston Innovation Center
Odyssey Logistics & Technology Corp. opened an engineering technology center in Houston, a key market for many of the products that the company helps to transport.
February 2, 2018Port of Virginia to Introduce Appointment System on March 1
The Virginia Port Authority is launching an online trucker appointment system at Norfolk International Terminals beginning March 1, a decision port officials hope will shorten turn times.
Canada Wants Electric, Driverless Cars to Factor in NAFTA
Canada wants North American automakers to get extra credit for making cars more environmentally friendly or able to drive themselves as negotiators try to bridge one of NAFTA’s sharpest divides.
Descartes Acquires Aljex to Broaden Freight Broker Capabilities
Descartes Systems Group acquired Aljex Software Inc. for $32.4 million, a move that expands the Waterloo, Ontario-based tech company’s services for freight brokers and carriers.
Port of Baltimore Sets Record in 2017 With 10.7 Million Tons of Cargo
The Port of Baltimore set new cargo records in 2017, handling 10.7 million tons of general cargo and the most containers and autos in its history, officials said.
YRC Worldwide Loses $7.5 Million in 4Q 2017
Less-than-truckload carrier YRC Worldwide reported Feb. 1 a fourth-quarter net loss of $7.5 million, the same loss amount reported in the fourth quarter a year ago.
Ex-President of Pilot Flying J Won’t Testify or Summon Witnesses in Ongoing Fraud Trial
As federal prosecutors wrapped up their case against him Jan. 31, former Pilot Flying J President Mark Hazelwood opted not to testify or present witnesses on his own behalf.
Consumer Sentiment Tops Estimates on Jobs, Income Outlook
U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Feb. 2.