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.
Alphabet's Self-Driving Unit Finds Another Maintenance Partner
AutoNation Inc., the largest car-dealer group in the U.S., reached an agreement to maintain and help manage fleets for Waymo, the self-driving car unit of Alphabet Inc.
Trucking Futures Exchange to Launch in Late 2018
DAT Solutions and TransRisk have signed a deal to launch a trucking freight futures market through Nodal Exchange in late 2018, a project first announced earlier this year.
Consumer Comfort Advances to Seven-Week High on Finances
U.S. consumer comfort advanced to a seven-week high as Americans’ confidence in their personal finances increased by the most since February, Bloomberg Consumer Comfort Index figures showed Nov. 2.
Productivity Rises by Most in Three Years as Output Jumps
Worker productivity in the U.S. rose in the third quarter by the most since 2014 as the world’s largest economy expanded at a solid pace, a Labor Department report showed Nov. 2 in Washington.
November 2, 2017TRIP Report Underscores Maine’s Crumbling Infrastructure
Maine’s aging transportation network is in serious need of repair, according to TRIP’s Nov. 1 report titled “Preserving Maine’s Bridges.”
November 1, 2017Canada, a Leader in AI, Is Now Taking Aim at Driverless Cars
Having built an impressive lead in artificial intelligence, Canada is keen to do the same in driverless cars — specifically the lidar (laser radar) technology that lets these vehicles see where they’re going.
E-Commerce Powers XPO’s Rise to Record Revenue, Profits in Third Quarter
XPO Logistics reported profits skyrocketed 316% year-over-year in the third quarter, marking the eighth consecutive quarter in which the company surpassed year-ago levels.
Truck Stop Gambling Heading to Pennsylvania
Pennsylvania Gov. Tom Wolf on Oct. 30 signed into law a major gambling expansion bill that allows qualifying truck stops to house up to five video gambling terminals.
NATSO Calls on Congressional Leaders to Extend Biodiesel Blenders’ Tax
The leaders of the tax-writing committees should extend and phase out a biodiesel blenders’ tax credit as they consider legislation that would update the country’s tax code, the association representing truck stops and travel plazas said.
Heartland’s John Cosaert Retires, Christopher Strain Named CFO
Heartland Express Inc. CFO John Cosaert has retired after nearly 40 years with the carrier, starting as one of the firm’s original employees as an accountant, and moving up to manage the company’s finances and back office
November 1, 2017