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.
Amazon Robots Poised to Revamp How Whole Foods Runs Warehouses
When Amazon.com’s $13.7 billion bid to buy Whole Foods was announced, John Mackey, the grocer’s CEO, addressed employees, gushing about Amazon’s technological innovation.
Amazon Vision of Deliveries by Drone Gets Boost in FAA Measure
Amazon.com’s bid to deliver goods via drone directly to a consumer’s doorstep would get a boost under aviation legislation proposed June 22.
Trucking Stocks Rebounding at Mid-Year Despite Economic, Political Uncertainty
The share prices of trucking companies have been on the upswing since mid-May, recouping some of the gains from the bustling start of the year that were lost during a weak spring. While carriers generally are trading higher than a year ago, investors are once again waiting for clarity on the state of the U.S. economy before they send stocks soaring — or plummeting.
Cummins to Offer Option of Electric Engines by 2019
Cummins Inc. will have a fully electrified powertrain system available for commercial customers by 2019 and a range-extended electric truck ready in 2020, and is developing its next-generation heavy-duty diesel engine, the Columbus, Ind.-based company said.
Trucking Industry Stakeholders Continue to File ‘Conflict Mineral’ Reports to SEC
Trucking industry manufacturers and suppliers have continued to file their annual “conflict minerals” reports despite legislation passed by the House that would eliminate the mandate and a pledge earlier this year by the U.S. Securities and Exchange Commission’s former acting chairman to not enforce the agency’s own rule.
Positive Drug-Test Rate Up to 7-Year High, DOT Says
A new U.S. Department of Transportation drug testing report shows that the overall 2016 lab-reported positive drug test rate for truck drivers and other DOT security-sensitive employees rose to its highest level since at least 2009, including year-over-year increases in three of five drug categories.
Jack Cooper Plans to Reorganize Debt; Auto Hauler Hopes to Avoid Chapter 11
Leaders of Jack Cooper Holdings Corp., North America’s largest auto hauler, are approaching completion of intense negotiations to reorganize a major portion of the company’s debt.
Preparedness, Adaptability Key for Logistics Stakeholders
Panelists at the Council of Supply Chain Management Professionals presentation touted preparedness in issues ranging from NAFTA to uncertainty about infrastructure spending.
Logistics Spending Dips to $1.39 Trillion in 2016
Anemic shipping volumes and weak pricing for transportation carriers in 2016 combined to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.
FedEx to Open Distribution Center in Ohio
FedEx Corp. will open a new distribution center outside South Dayton, Ohio, in a couple of weeks, a company spokesman confirmed with Transport Topics.