Business

About Business News...

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.

Business, Technology, Logistics

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.

June 26, 2017
Government, Business, Technology, Equipment, Safety

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.

Ryan Beene | Bloomberg News
June 26, 2017
Business

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.

Jonathan S. Reiskin | Associate News Editor
June 26, 2017
Business, Technology, Equipment, Fuel

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.

Roger Gilroy | Senior Reporter
June 26, 2017
Business, Technology

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.

Eric Miller | Senior Reporter
June 26, 2017
Government, Business, Safety

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.

Eric Miller | Senior Reporter
June 26, 2017
Business, Equipment, Logistics

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.

Jonathan S. Reiskin | Associate News Editor
June 26, 2017
Business, Equipment, Logistics

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.

Laurie Wiegler | Staff Reporter
June 26, 2017
Business, Logistics

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.

Jonathan S. Reiskin | Associate News Editor
June 26, 2017
Business, Logistics

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.

Laurie Wiegler | Staff Reporter
June 24, 2017