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, Logistics

Cargo Volumes, Truck Delays Rise at Ports of Los Angeles and Long Beach

The amount of time it took the average truck driver to do business at the two largest North America ports rose six minutes year-over-year in May due to backups at Total Terminals International, according to data from the Harbor Trucking Association.

Ari Ashe | Staff Reporter
June 13, 2017
Business

Open, Honest Communication Wins Business, Experts Say

AMELIA ISLAND, Fla. — Business strategist Marcus Sheridan told transportation industry professionals at a sales and marketing conference here that posting to their websites details about their competition could help drive new business, and he pointed to his history as a self-described “pool guy” to make the case.

Joe Howard | Executive Editor
June 13, 2017
Business, Technology, Autonomous

Uber CEO to Take Leave, Diminished Role After Workplace Scandals

Uber Technologies Inc. CEO Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will strip him of some duties and appoint an independent chair to limit his influence after a slew of scandals, according to an advance copy of a report prepared for the board.

Eric Newcomer | Bloomberg News
June 13, 2017
Business, Equipment

Pirelli Launches Pentathlon D Tire for Longhaul Applications

Tire maker Pirelli announced that its TP Commercial Solutions unit launched the Pentathlon D tire, the first in its Pentathlon product line dedicated to premium longhaul drive applications in North America.

June 13, 2017
Government, Business

Report on Driver Delays Gets More Time to Be Completed

WASHINGTON — A congressionally mandated Department of Transportation Office of Inspector General audit of motor carrier delays in loading and unloading has been delayed until late summer or early fall, a top official with the Federal Motor Carrier Safety Administration said June 12.

Eric Miller | Senior Reporter
June 12, 2017
Business

Roadrunner LTL President Grant Crawford Leaving Company

Roadrunner Freight President Grant Crawford is leaving his job running the less-than-truckload division of Roadrunner Transportation Systems Inc., the carrier announced June 12.

June 12, 2017
Government, Business, Logistics

Former CSX Exec Raises Questions About Jacksonville Port Dredging Project

As Jacksonville, Fla., faces a monumental decision about how to pay for one of the most expensive public works projects in city history, a retired CSX executive has emerged as an unlikely source of do-it-yourself research calling into question the bedrock assumptions the Jacksonville Port Authority uses to justify deepening the St. Johns River.

David Bauerlein | The Florida Times-Union (Jacksonville, Fla.)
June 12, 2017
Business

Industry Tries to Address Nationwide Truck Driver Shortage as Workforce Ages

In need of potential drivers, employers such as CRST International and Don Hummer Trucking supply Kirkwood Community College in Cedar Rapids, Iowa, with equipment and often send recruiters to the course’s later sessions in search of prospective employees.

Mitchell Schmidt | The Gazette (Cedar Rapids, Iowa)
June 12, 2017
Business

Three Japanese Freight Carriers to Form Alliance

Japanese ocean carriers Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd. have announced an alliance, effective in 2018.

June 12, 2017
Business, Equipment

May Truck Orders Top 16,000 on Replacement Demand

Orders for Class 8 vehicles in May cleared 16,000 to improve 18% year-over-year amid expectations that demand will continue at replacement level, or slightly higher, analysts said.

Roger Gilroy | Senior Reporter
June 12, 2017