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.
Waymo Engineer Left Trail of Deleted Files En Route to Uber
Uber Technologies Inc. hired an engineer to lead its driverless car program last year even after its own research revealed red flags about how much proprietary information he took from his former employer, Waymo.
NAFTA Talks Expose Disagreement Over Mexican Trucking Access
As efforts to renegotiate terms of the North American Free Trade Agreement shift from Ottawa to Washington, two trucking industry groups and the Teamsters union are taking aim at a provision in the current agreement that allows trucks from Mexico to operate in the United States.
October 5, 2017Self-Driving Vehicles Raising Big Questions Around Drunk Driving, Seat Belts, Open Container Laws and More
The idea of highways being filled with self-driving cars may be alluring, but it has highway safety experts raising numerous questions about common contemporary issues like drunk driving, seat belt use and how other motorists might react to a car without a driver behind the wheel.
Jobless Claims Fall 12,000 to 260,000
U.S. filings for unemployment benefits fell last week as the impact of hurricanes Harvey and Irma faded in several states, Labor Department figures showed Oct. 5.
October 5, 2017Class 8 Orders Climb for Fourth Consecutive Month, Top 22,000
Orders for Class 8 trucks soared over a weak year-ago period to increase 63% and reach more than 22,000 in September, analysts said. Order volumes have increased consecutively in each of the last four months.
Trade Gap Narrows to 11-Month Low as Exports Increase
Improving global demand and a weaker dollar are helping boost U.S. exports, with the trade deficit narrowing to an 11-month low in August, Commerce Department data showed Oct. 5.
October 5, 2017Amazon Is Testing Its Own Delivery Service to Rival FedEx and UPS
Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan, which will push the online retailer deeper into functions handled by longtime partners UPS Inc. and FedEx Corp
Best Logistics Group Acquires Beverage Hauler East Coast Truck Lines
Warren Buffett Isn’t Losing Sleep Over Self-Driving Trucks
“Trucks are going to be around for a very long time.”
Iowa Court Cuts CRST Van Expedited Attorney Fees
A federal judge in Iowa has sliced to $1.9 million an award for attorney’s fees to CRST Van Expedited, the latest turn in a 10-year battle over a class-action sexual harassment lawsuit that a judge dismissed after ruling that the Equal Employment Opportunity Commission brought a frivolous complaint against the carrier.