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.
Truck Turn Times Slow One Minute in August
LONG BEACH, Calif. — The average truck turn time at the nation’s two largest ports slowed one minute in August compared with last year, even while more containers flowed into the terminals this year.
Volvo’s Top Tech Official Says Engineers Face Uncertain Technology Landscape
WASHINGTON — Truck engineers are in the midst of a technological revolution, but are challenged to move away from established technologies and venture into the unknown, according to Volvo Group Chief Technology Officer Lars Stenqvist.
Omnitracs Acquires Assets of Shaw Tracking
Omnitracs has acquired the assets of Shaw Tracking, its longtime distribution partner in Canada, company officials announced Sept. 19.
September 19, 2017Coca-Cola Consolidated Deploys Lytx DriveCam
Coca-Cola Consolidated, the largest independent Coca-Cola bottler in the United States, is deploying the DriveCam video safety program from Lytx Inc. after testing the system in part of its fleet.
September 19, 2017Most FedEx Rates Will Rise by 4.9% on Jan. 1
FedEx Corp. announced rate increases for its three major divisions, all of which will take effect on Jan. 1.
ATA Tonnage Index Jumps 8.2% in August
Truck tonnage took a healthy 8.2% step up in August, perhaps driven by hurricane preparation work and port shipping, American Trucking Associations said Sept. 19.
Shipping Companies’ Expansion in Hawaii Could Go Bust for Some
When an established maritime company announced tentative plans last month to start a new domestic shipping line in 2020 to serve Hawaii, it said such service would provide “market stability.” But another possible result is a cargo capacity glut.
Technology, ELDs Present Opportunities for 3PLs to Grow, Voltmann Says
Embracing technology is the next natural step in the evolution of third-party logistic companies, according to Robert Voltmann, president of the Transportation Intermediaries Association.
How Best to Insure a Large Truck? It’s Complicated
Several years after becoming an insurance agent, David Imschweiler decided on a career change, so he got his commercial driver’s license and became a truck driver.
September 19, 2017Uber’s Fleet of Self-Driving Cars in Pittsburgh Back on Road After Crash
Uber grounded its fleet of self-driving cars in Pittsburgh for a few hours the morning of Sept. 18 as the company investigated a crash involving one of its vehicles.