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.
Uber’s Self-Driving Fleet Logs More Than 1 Million Autonomous Miles in First Year
Uber’s fleet of self-driving cars has logged more than 1 million autonomous miles since the company started offering rides a year ago in Pittsburgh.
California County May Halt New Trucking Terminals as Tensions Rise
Sutter County may move to temporarily halt any new trucking operations in unincorporated areas as tensions mount with area residents over trucking terminals off Highway 99 south of Yuba City.
Port of Virginia Keeps Breaking Records — and So Are Many Other Big Ports Across the Nation
August turned out to be yet another record month for the Port of Virginia.
Tesla to Reveal ‘Beast’ Semi-Truck in October, Elon Musk Says
Silicon Valley automaker Tesla is tentatively set to reveal its electric semi-truck in October, CEO Elon Musk said
September 14, 2017Hurricanes to Increase Contract, Spot Rates Outside Disaster Areas
Truckload rates have skyrocketed after hurricanes Harvey and Irma battered Texas and Florida, but the higher prices will also trickle down into states nowhere near the devastation, industry executives say.
Medium-Duty Sales Top 21,000 in August, Up 21.8%
U.S retail sales of medium-duty trucks improved 21.8% in August as all classes notched gains.
Consumer Comfort Falls for Second Week
Americans’ confidence retreated for a second week as consumers’ assessment of the buying climate deteriorated on the heels of higher fuel prices, Bloomberg Consumer Comfort Index figures showed Sept. 14.
Unexpected Drop in Jobless Claims Shows Sturdy Job Market
Filings for jobless benefits in the U.S. unexpectedly settled back last week, underscoring a resilient labor market even as the Atlantic hurricane season introduces added volatility to the figures, Labor Department data showed Sept. 14.
September 14, 2017Freight Factoring on Upswing in 2017
Freight factoring is on the upswing this year as traditional banks apply stringent lending standards and truckers who are most likely to sell invoices benefit from a robust spot market, industry executives say.
Trimble Acquires Electronic Freight Monitoring Company 10-4 Systems
Trimble Inc. has added another piece to its growing portfolio of transportation technology services with the purchase of 10-4 Systems, a company that provides a way for shippers and carriers to electronically monitor the movement of goods and process freight transactions.
September 14, 2017