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.
UPS, Coyote Join Blockchain in Trucking Alliance
UPS Inc. announced Nov. 7 it has joined the Blockchain in Trucking Alliance to assist in creating industry standards and protocols to enable blockchain platforms to operate together with established technologies.
November 7, 2017Pennsylvania Legalizes Gambling at Truck Stops
Pennsylvania Gov. Tom Wolf signed a law Oct. 30 that expands the state’s gaming options by allowing gambling at truck stops, in airports and online.
Self-Driving Cars Could Save Lives Even Before They’re Perfected, Report Says
Putting self-driving cars on the road sooner rather than later could save hundreds of thousands of lives, according to a report released Nov. 6 by Rand Corp., a Santa Monica policy research nonprofit.
Building Resilient Communities Best Way to Reduce Risks, FEMA Chief Says
The extreme weather events that destroyed vital infrastructure this year in Texas, Florida, Puerto Rico, and the U.S. Virgin Islands illustrate the need to build resilient communities, Federal Emergency Management Agency Administrator Brock Long said
Expeditors’ Profits Jump 12%, Beating Analyst Forecasts
Expeditors International of Washington reported strong earnings in the third quarter, with profits jumping 12% year-over-year, easily beating the consensus forecast of analysts.
Schneider’s 3Q Profits Flat, Missing Consensus Forecast
Schneider announced profits were flat in the third quarter, missing the consensus forecast of analysts due to Hurricanes Harvey and Irma and higher driver pay and retention costs to gear up for the capacity crunch in 2018.
'Greed and Power' Fueled Pilot Flying J Fraud, Prosecutor Says
Mark Hazelwood wasn’t hurting for money. Neither was Pilot Flying J, his employer and the nation’s largest diesel fuel retailer.
Bid to Save Pacific Rim Trade Pact Comes to a Head
The push to salvage a Pacific Rim trade pact will come to a head this week as nations diverge on whether it should be preserved, abandoned or renegotiated from scratch after President Donald Trump pulled the U.S. out of the deal.
Pre-Heaters Enable Reliable Engine Starts in Cold Weather
Diesel-fired engine pre-heaters can help ensure reliable engine starts in cold-weather conditions while reducing engine wear, preventing service calls and boosting driver satisfaction, fleets said.
Diesel Jumps 6.3¢ to $2.882 a Gallon
The U.S. average retail price of diesel jumped 6.3 cents to $2.882 a gallon as oil climbed to its highest price since June 2015.