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.
Trump, Chao Make Pitches to Revitalize Infrastructure
With support from Congress, critical freight routes and structurally deficient bridges would be repaired and modernized under the Trump administration’s $1 trillion, 10-year infrastructure funding plan, the president and his lead transportation adviser argued last week.
Opinion: Optimizing Pallet Flow Performance
Operating a warehouse requires management of forklifts, shelving and pallets to make work more efficient and help reduce wait times for truck drivers.
Navistar Loses $80 Million in Fiscal 2Q
Navistar International Corp. lost $80 million, or 86 cents a share, during the fiscal second quarter as the manufacturer set aside $60 million for its reserve fund to deal with used trucks with troubled engines that are largely exported.
Insurance Market Still Tough as Jury Awards Keep Rising
Trucking companies continue to struggle with a tight, expensive insurance market — paying more for vehicle liability coverage or making due with less of it — while the underwriters that remain in trucking face narrowing or vanishing profits, suggesting the years-old problem will not be leaving anytime soon.
Merchant Cash Advance Companies Try to Fix Relationship With Factors
Small trucking companies commonly turn to freight factors to quickly receive money, but merchant cash advance lenders and other small business lenders are courting these carriers, too, while repairing their negative reputation.
Penske Opens Full-Service Truck Leasing Location in Windsor, Ontario
Penske Truck Leasing opened a new location in Windsor, Ontario, that is less than five minutes from the Ambassador Bridge to Detroit and offers full-service truck leasing, consumer and commercial truck rental and contract truck fleet maintenance services, the company said.
June 12, 2017Volvo Develops Self-Steering Truck for Farm Use
Volvo Trucks developed a self-steering truck to assist Brazilian sugar-cane growers in harvesting their crops.
June 8, 2017Texas FedEx Hub Lands Near UPS' Planned Distribution Center
A second major shipping hub has landed along Interstate 20 in Arlington, Texas.
How a Technological 'Tsunami' Is Shaking Up the Supply Chain Industry
Technological advances are hitting the industry like a giant wave, Paul Dittmann, executive director of the Global Supply Chain Institute at the University of Tennessee, said.
Autonomous Cargo Ship Latest Push by Mining Company to Slash Costs
BHP Billiton, the world’s biggest mining company, is studying the introduction of giant automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry.