Business

About Business News...

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.

Government, Business, Technology, Safety, Autonomous

2017 MCE Wrapup

TT's Seth Clevenger and Eugene Mulero discuss the key takeaways from the 2017 Management Conference & Exhibition, where addressing the driver shortage was one of the more prominent themes. (Joseph Terry/Transport Topics)

October 26, 2017
Government, Business

ATA Takes Aim at Driver Shortage

ORLANDO, Fla. — Trucking and government leaders at American Trucking Associations’ annual Management Conference & Exhibition set their sights on solving perhaps the industry’s most persistent challenge — recruiting and retaining professional drivers.

Seth Clevenger | Managing Editor, Features and Multimedia
October 26, 2017
Business, Logistics

Hub Group Beats Estimates, Generates $1 Billion in Quarterly Revenue

Hub Group turned in better-than-expected results in the third quarter, with revenue topping $1 billion for the first time and beating analysts’ profit projections, although net income was down compared with the same period a year ago.

October 26, 2017
Business

ATA Adopts Automated Truck Policy

ORLANDO, Fla. — American Trucking Associations adopted its first-ever policy on the development of automated trucks at the federation’s Management Conference & Exhibition here.

Seth Clevenger | Managing Editor, Features and Multimedia
October 26, 2017
Business

Consumer Comfort Little Changed; Partisan Divide Widens

Americans’ confidence held steady last week, remaining near the highest level of the expansion, as faith in the buying climate improved while views on the economy deteriorated, Bloomberg Consumer Comfort Index figures showed Oct. 26.

Agnel Philip | Bloomberg News
October 26, 2017
Business, Logistics

Old Dominion Scores Win in 3Q Earnings, Surges Past Wall Street Forecasts

Old Dominion Freight Line Inc. reported a 20% climb in profits to $102.3 million, or $1.24 per share, in third-quarter profits. The results were 8 cents better than the Bloomberg News consensus forecast of analysts.

Ari Ashe | Staff Reporter
October 26, 2017
Business, Technology, Logistics

China’s Uber-for-Trucks Apps Trade Barbs as Battle Turns Toxic

Harassing phone calls, spam text messages and police investigations — the fight between China’s Uber-for-trucks apps is getting nasty.

Lulu Yilun Chen | Bloomberg News
October 26, 2017
Business, Technology, Autonomous

Alphabet’s Waymo Will Test Self-Driving Cars in Snowy Detroit

The self-driving cars Google designed are going to the snow -- and the seat of the car industry.

October 26, 2017
Business, Technology, Equipment, Safety, Autonomous, TCA

Driverless Truck Completes Delivery at ExxonMobil Facility in Singapore

Belgian logistics group Katoen Natie has started operating its first driverless truck at ExxonMobil’s manufacturing site on Jurong Island in Singapore.

Christopher Tan | Asia News Network
October 26, 2017
Business

XPO Logistics-Teamsters Battleground Shifts to New Haven

The International Brotherhood of Teamsters is duking it out with XPO Logistics on a new front recently after 73 employees petitioned to remove Local 443 as their representative.

Ari Ashe | Staff Reporter
October 26, 2017