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.
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.
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.
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.
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.
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.
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.
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.
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, 2018Get, Keep and Grow Capacity in 2018
View this webinar.
January 30, 2018Toll-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.