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, Autonomous, Government, Equipment

Rand McNally Introduces Navigation Device With Voice Assistance, In-Cab Entertainment

Rand McNally has introduced a dashboard device that combines truck navigation with an onboard SiriusXM radio, voice assistance and a built-in dash camera.

May 8, 2017
Business, Technology

Maven Machines Launches Earbud Version of Driver Safety Headset

Maven Machines has released a much smaller, Bluetooth earbud version of its wireless safety headset, which provides real-time monitoring of driver fatigue and distraction.

May 8, 2017
Government, Business

Don’t Dawdle on NAFTA Overhaul, Quebec’s Finance Minister Says

Quebec Finance Minister Carlos Leitao has a message for government officials considering a renegotiation of the North American Free Trade Agreement: Time is of the essence.

Frederic Tomesco | Bloomberg News
May 8, 2017
Business, Government, Safety, Autonomous

Meal, Rest Break Measure Absent From Federal Budget

A meal and rest break provision for truck drivers was not included in federal legislation approved last week that kept the federal government open, but the trucking industry is not giving up on congressional action on the matter.

Eugene Mulero | Senior Reporter
May 8, 2017
Perspective, Business, Government, Safety, Autonomous, Logistics, Fuel

Opinion: Network Analysis Takes on More Importance

We keep seeing signs that things are looking up for the trucking industry. Most of the relevant economic indicators are favorable for trucking. Commodities are getting stronger, oil rig counts are increasing and the housing recovery is persisting. At the same time, small businesses are feeling a greater sense of optimism, and improvements to the tax code may boost entrepreneurialism. Low unemployment rates ultimately will lead to higher wages, giving consumers more money to spend and putting more goods on trucks.

May 8, 2017
Editorial, Business, Government

Editorial: Join the Infrastructure Bandwagon

Infrastructure is a very peculiar, two-headed beast, with the spending side being bold, popular and stunningly handsome and the funding half plagued with unsightly lesions and a crooked stare.

May 8, 2017
Business, Logistics, Government, Fuel

XPO Quarterly Results Soar, Bolstered by LTL, Last Mile

XPO Logistics Inc. earned a profit in the first quarter of the year for the first time since 2010, rocketing past analyst expectations on the strength of its linehaul, cross-dock and pickup-and-delivery operations.

Ari Ashe | Staff Reporter
May 8, 2017
Business, Government

Drivers Inducted Into NPTC/Lytx Hall of Fame

CINCINNATI — Four truck drivers earned the highest honor of their careers with their induction into the National Private Truck Council/Lytx Inc. Driver Hall of Fame at the NPTC annual education management conference and exhibition.

Daniel P. Bearth | Staff Writer
May 8, 2017
Business

J.B. Hunt Plans to Invest $500 Million in ‘Disruptive’ Supply Chain Tech

J.B. Hunt Transport Services Inc. announced it will spend $500 million over the next five years to enhance its operating systems, develop cloud infrastructure and create what it said would be “innovative and disruptive technologies” for use in its supply chain.

Roger Gilroy | Senior Reporter
May 8, 2017
Business

Celadon to Get Outside Audit to Review Used Truck Valuations

Financial auditors at accounting firm BKD have withdrawn their support of Celadon Group Inc.’s financial statements for the past three fiscal quarters due to a disagreement on the value of used trucks, according to the truckload carrier.

Ari Ashe | Staff Reporter
May 8, 2017