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.
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, 2017ATA 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.
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, 2017ATA 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.
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.
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.
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.
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, 2017Driverless 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.
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.