Business

About Business News...

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.

Business

C.H. Robinson Ends 2017 With Strong Fourth Quarter

C.H. Robinson Worldwide reported profits jumped 25% in the fourth quarter, outpacing results from one year ago even after also eliminating the effects of the Tax Cuts and Jobs Act on the bottom line.

Ari Ashe | Staff Reporter
January 30, 2018
Government, Business, Technology, Equipment, Safety

Regulators Consider Up to One-Year Exemptions for ELD Integration Challenges

Federal trucking regulators are considering granting a one-year exemption from certain technical requirements of the electronic logging device mandate for carriers having difficulty integrating ELD software updates with their fleet managment systems.

Eric Miller | Senior Reporter
January 30, 2018
Government, Business, TCA

Sen. Charles Schumer Pitches Teamsters Pension Rescue Plan

Cuts made last year in the pension payments to retired Teamsters could be restored under federal legislation being touted by U.S. Sen. Charles Schumer.

Stephen Williams | The Daily Gazette (Schenectady, N.Y.)
January 30, 2018
Business, Technology

Flexport Opening New Office in Chicago

Flexport, a technology-based freight forwarder, will open a fifth U.S. office in March with a location in Chicago, adding about 100 jobs over the next two years.

Ari Ashe | Staff Reporter
January 30, 2018
Business, Technology

Nikola, Cummins Expand Electrification Efforts

Nikola Motor Co. and Cummins Inc. each expanded their ability to address the growing focus on electrification of commercial vehicles through, respectively, choosing the location for a truck production facility and an acquisition related to battery systems.

Roger Gilroy | Senior Reporter
January 30, 2018
Business, Logistics, TCA

FedEx Freight Enlists Industry Effort to Train Drivers to Combat Human Trafficking

FedEx Freight is joining forces with Truckers Against Trafficking to train drivers to help fight human trafficking.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
January 30, 2018
Business, Fuel, TCA

Jurors in Ongoing Pilot Flying J Fraud Trial Hear Tales of Betrayal, Deceit

CHATTANOOGA, Tenn. – A tearful Sherry Blake told jurors Jan. 29 she feels like a woman “betrayed” by the former boss who had considered her more like a “work wife” than an executive assistant: former Pilot Flying J President Mark Hazelwood.

Jamie Satterfield | Knoxville (Tenn.) News-Sentinel
January 30, 2018
Business, Technology, Equipment, Logistics

Sequoia Capital Leads Group Pumping in Cash to Startup Next Trucking

Next Trucking has received $21 million in a round of financing led by Sequoia Capital, the freight marketplace startup announced Jan. 30.

January 30, 2018
Business

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January 30, 2018
Government, Business, Technology, Equipment

Toll-Management Providers Help Make Life Easier for Fleets

Tolls can cause administrative headaches and bring additional costs to trucking companies, but toll-management providers are offering services that could help alleviate both burdens.

Bruce Lilly | Special to Transport Topics
January 30, 2018