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.
Class 8 Orders Rocket Higher, Up 160% Year-Over-Year
Preliminary October North American Class 8 net orders significantly surpassed expectations, rising to 36,200 units, ACT Research Co. reported.
Trump Administration Moves to Expand Apprenticeship Programs
The Department of Labor is taking steps that would meet the objectives of a presidential executive order and encourage motor carriers and other trucking organizations to create apprenticeships for new employees to receive federal funding while they train to become drivers or maintenance technicians.
FedEx Holiday Season Surge Could Hit 400 Million Packages
FedEx expects to deliver 380-400 million packages this holiday season with three busy Mondays driving a record-breaking pace.
CSX Pulls Support for Baltimore Tunnel Renovation
Federal and state lawmakers from Maryland expressed frustration at a decision from CSX Corp. to withdraw its support to fund the renovation of the Howard Street Tunnel near the Port of Baltimore, dealing another blow to the long-awaited project that would allow double-stack trains.
Exxon Not Threatened by Electric Cars, Says Trucks Are ‘Where the Real Action Is’
Exxon Mobil Corp. says the existential threat to oil producers from electric cars is overblown.
High Customer Expectations and Changing Regulations: How to Compete in Today’s Trucking Market
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November 2, 2017Small-Business Job Openings Match Second-Highest on Record
The share of U.S. small companies with open positions in October matched the second-highest on record and more businesses said they plan to boost compensation, signs that a tight labor market could soon translate into bigger pay raises.
Intermodal Resurgence Chugging Along in Third Quarter
The bounce back in the intermodal sector continues as volume jumped 6.3% in the third quarter — the highest growth rate in more than three years, according to the Intermodal Association of North America.
Package Wars: Postal Service Offers Next-Day Sunday Delivery
As consumers demand ever-quicker and convenient package delivery, the U.S. Postal Service wants to boost its business this holiday season by offering what few e-commerce retailers can provide: cheap next-day service with packages delivered Sundays to your home.
November 2, 2017LG, Qualcomm Join Hands for Autonomous Driving
LG Electronics said it will work with Qualcomm to jointly research and develop autonomous driving technologies