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.
Manufacturing Pickup Signals Boost to Economic Growth
American factories powered up in June at the fastest pace in nearly three years with robust advances in production, orders and employment that indicate a firming in the economy, data from the Institute for Supply Management showed July 3.
July 5, 2017Daseke Adds The Steelman Cos. to Its Family of Firms
Daseke Inc. has added The Steelman Cos. into its family of companies, marking the 12th operating unit to join the flatbed carrier and signaling an aggressive growth strategy after Daseke went public in late February.
Speed-Limiter Regulation Hits Roadblock in Trump’s Quest to Cut Rules
Years of pleas from parents whose son was killed by a speeding tractor-trailer, buy-in from some truckers and the promise of fewer highway deaths convinced U.S. officials in September to propose requiring speed-limiting devices on all large rigs.
UPS Drivers Reluctant to Return to Site of San Francisco Shooting Rampage
The trauma from a mass shooting at a United Parcel Service distribution center has made going back to work almost unimaginable for many of the nearly 40 workers who witnessed the June 14 massacre.
Navy Reserves Veteran to Drive Schneider Truck in Ride of Pride
Schneider, for the seventh year in a row, has been chosen by Freightliner to receive the 2017 edition of Ride of Pride, a truck series that honors past and present members of the U.S. military.
July 3, 2017Oregon Lawmakers to Finally Vote on Massive Road-Fixes Bill After Two Years of Talks
During a rare weekend meeting, Oregon state lawmakers on July 1 voted to send a slimmed-down, $5.3 billion proposal to raise taxes and fees to pay for transportation projects to the House floor for a full vote.
Uber Denies It Knew About Copied Data in Waymo Secrets Suit
Uber Technologies Inc. said it didn’t know about the alleged theft of proprietary information from Alphabet Inc.’s autonomous driving unit by an executive until Waymo filed a lawsuit in February.
Chao: ‘Hard to Get Consensus’ on Infrastructure Funding Plan
Identifying the most viable source of long-term funding for infrastructure projects nationwide is an elusive task, the country’s top transportation officer explained last week.
Celadon to Record Impairment Charge in Review of Company’s Value
Celadon will record a goodwill impairment charge up to $62.4 million before taxes as part of a review into the company’s value after questions arose about how it valued used trucks transferred to a joint venture last year.
XPO Logistics Poised to Pursue Acquisitions Again
XPO Logistics Inc.’s CEO is on the hunt for takeover targets again after taking a two-year pause.