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.
Port of Oakland Begins Project to Raise Height of Four Cranes
In nine months, 366-foot cranes will soar 27 feet taller, towering above container vessels at California’s Port of Oakland on the San Francisco Bay.
May 19, 2017GlobalTranz Acquires Logistics Planning Services
Freight broker GlobalTranz Enterprises Inc. acquired Logistics Planning Services, also a freight brokerage, in a move that significantly increases its market share in third-party logistics services.
May 19, 2017Ryder San Francisco Fueling Facility Offers 100% Renewable Diesel
Ryder System Inc. has begun to offer renewable diesel fuel at its San Francisco fueling facility.
May 19, 2017176 House Members Urge Tax Committee to Fix Highway Trust Fund
WASHINGTON — Lobbying on behalf of infrastructure funding proponents on May 18 appears to have paid off as 70 additional members of the U.S. House have signed a letter urging the tax policy committee to ensure the long-term solvency of the Highway Trust Fund.
Uber Threatens to Fire Anthony Levandowski
Uber Technologies Inc. threatened to fire the man at the center of its legal battle with Alphabet Inc., telling its top driverless technology engineer, Anthony Levandowski, to either deny taking files from his former employer or turn them over.
Daimler Trucks North America Opens $18.7 Million Truck Proving Grounds
MADRAS, Ore. — Daimler Trucks North America opened its $18.7 million High Desert Proving Grounds here May 18. It will enable the parent of Freightliner and Western Star Trucks to do more broad-based vehicle testing not far from its Portland headquarters.
Volvo Expands Truck Building Into Fast-Growing East Africa
Volvo AB’s trucks division is seeking to boost market share in Kenya, Uganda and Tanzania to as much as 18% from about 2%, as the regional economic growth for East Africa outpaces the average for sub-Saharan Africa.
US Strikes Gentler Tone on NAFTA as Talks Countdown Begins
President Donald Trump’s top trade negotiator came out of the gate sounding like he wants to fine-tune the North American Free Trade Agreement, not blow it up as some feared.
May 19, 2017Paccar to Open Manufacturing Plant in Texas
Seattle-based truck manufacturer Paccar Inc. has reached a preliminary agreement to build a 130,000-square-foot manufacturing facility in McKinney, Texas, the city's economic development agency said.
Fleets Must Evaluate EV Capabilities
Electrically propelled commercial vehicles are not new technology, but their practical application to trucking is evolving as battery technologies improve.