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.
A Caution From the World’s Biggest Shipping Line
The world’s largest container shipping line says international freight rates are reversing after climbing for most of this year, raising questions about the sustainability of the global trade recovery.
December 11, 2017Manitoulin Buys Duckering’s Transport
Manitoulin Transport has acquired less-than-truckload carrier Duckering’s Transport, based in Red Deer, Canada, to continue its expansion in Western Canada. Terms of the deal weren’t released.
December 11, 2017Pac-Van Purchases Expand Storage, Warehousing Capabilities
Pac-Van has expanded its storage and warehousing operations with two recent acquisitions in the South and Southwest.
December 11, 2017Meritor Invests in TransPower
Commercial vehicle supplier Meritor Inc. announced a strategic investment in TransPower, a provider of electrification technologies for large commercial vehicles. Terms of the transaction were not disclosed.
December 11, 2017Google Targets Annoying Ads
In a move to stop the online advertising market from imploding, Google will roll out its own ad blocker in early 2018, designed to neutralize annoying, intrusive advertising on the web.
Alkane, evLabs Announce Deal for Electric Truck Launch
Alkane Truck Co. announced it signed a memorandum of understanding with evLaboratory Inc. to integrate evLabs’ powertrain and battery management system with Alkane’s alternative fuel truck chassis.
December 11, 2017On Tesla Trucks and ELDs
Tesla Inc.’s recent unveiling of its all-electric Class 8 tractor presented the industry with a fresh take on truck design and a different way of powering its vehicles.
Many LTL Carriers Lean Toward Density-Based Pricing
The use of dimensioners is expanding in the less-than-truckload industry, enabling carriers to more accurately calculate shipment density.
Fleets, Tech Vendors Parsing Data to Improve Driver Coaching, Safety
Modern trucking companies are swimming in data collected by their onboard technology and back-office software, but fleet managers are using a variety of strategies to utilize that information for driver coaching and other business improvements.
Caterpillar to Pay Millions for Crimes Against Customers, Including XPO Logistics
A wholly owned subsidiary of Caterpillar Inc. will pay tens of millions of dollars for intentionally cheating its customers with unnecessary repairs and dumping rail car parts into the ocean to cover up its actions.