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.
Marten Transport Records Steady Fourth-Quarter Results
Marten Transport reported Jan. 25 net income of $8.6 million, or 16 cents per diluted share, for the fourth quarter of 2017. The results met the expectations of analysts surveyed by Bloomberg.
Union Pacific Starts Work on $550 Million Rail Yard in Texas
Union Pacific Railroad announced Jan. 25 the company started construction this month on a major rail yard near Hearne, Texas, a $550 million project that’s the largest in the railroad’s 103-year history.
ELD Compliance Rises, but Training, Enforcement Still Problematic
Compliance with a federal mandate to use electronic logging devices to record driver hours of service is on the rise, but the rollout is causing challenges for some carriers and drivers.
Fleet, 22-Year-Old’s Logistics Startup, Raises Another $10 Million
At 14, an age when other kids want video games and gadgets, Max Lock wanted a job.
Autonomous Technology Not Impacting Trucking Jobs in Short Term, Officials Say
WASHINGTON — The adoption of advanced autonomous and connected vehicle applications will not disrupt the employment landscape for commercial drivers in the next few years, Michigan Gov. Rick Snyder (R) told automotive executives Jan. 25.
TFI Promotes Greg Orr to President of CFI Truckload Business
TFI International has named two executives to head its CFI truckload business unit in Joplin, Mo.
January 25, 2018Port of Long Beach Sets Record for Container Volume in a Year
The Port of Long Beach recovered from a rocky 2016 with a record-setting year in 2017, moving 7.5 million industry-standard twenty-foot-equivalent units, the port’s leader announced at the State of the Port address Jan. 24.
Jobless Claims Rise From Lowest in Almost 45 Years
U.S. filings for unemployment benefits increased a week after plunging to the lowest level since 1973, underscoring a still historically tight jobs market, Labor Department figures showed Jan. 25.
Apple Expands California Self-Driving Test Fleet to 27 Cars
Apple Inc. has expanded its California self-driving test fleet to 27 vehicles as it accelerates efforts to catch up with competitors such as Alphabet Inc.’s Waymo.
Second US Safety Agency to Investigate Tesla ‘Autopilot’ Crash
A second federal safety agency has opened an investigation of an accident in which a Tesla car on “Autopilot” rammed into a parked fire truck.