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.
Senators Seek Research Funding for Autonomous, Connected Trucks
The U.S. Department of Transportation’s testing and deployment of connected and autonomous vehicle technologies would be enhanced by additional federal dollars, a group of senators recently told their colleagues on a transportation funding panel.
SmartWay Seeks to Involve Additional Shippers, 3PLs
ORLANDO, Fla. — Greater involvement from shippers and third-party logistics providers is an important next step for realizing the freight efficiency goals at the heart of the Environmental Protection Agency’s SmartWay Program, an agency representative said. And some are taking a look at the program.
Conflict Minerals Requirement Under Fire as Agencies Seek Input on Rule's Merits
The U.S. Securities and Exchange Commission and State Department are hoping to revise or eliminate an SEC rule requiring public companies to trace “conflict minerals” in their supply chains.
Weaker 1Q Results Expected From Truckload Carriers
Transportation and logistics companies begin announcing first- quarter results this week, as analysts predict truckload profits will be lower than 2016 and less-than-truckload and third-party logistics companies will have mixed results.
Carriers See Growth for Global Trade, Blockchain Technology, Dedicated
ORLANDO, Fla. — A panel of top executives from three major fleets emphasized the importance of international trade, the emergence of blockchain technology for freight transactions and the value of dedicated service during a shippers conference here.
3PL Execs Pleased With Market Conditions, But Economist Warns of Possible Recession
LAS VEGAS — Third-party logistics companies generally were positive about business conditions despite tighter margins. However, FTR economist Noël Perry warned executives here at the Transportation Intermediaries Association Capital Ideas Conference & Exhibition that this year won’t be as fruitful as earlier in the decade and that a recession could be looming behind it.
Musk Sketches Out Timeline for Tesla Electric Semi-Truck
Tesla Inc.’s plans to pad its lineup of electric cars are taking shape, with Elon Musk sketching out a timeline for the arrival of a semi-truck, pickup and sports car.
Apple Gets DMV Approval to Test Self-Driving Cars in California
Apple Inc. has been granted approval by the California Department of Motor Vehicles to test autonomous driving technology on public roads, according to a notice on the DMV’s website.
Retail Sales Declined for a Second Month in March
Sales at U.S. retailers declined in March for a second month, hurt by fewer purchases of automobiles, Commerce Department data showed April 14.
Consumer Prices Fall 0.3%, First Decline in a Year
The cost of living in the United States declined in March for the first time since February 2016, showing inflation is moving up only gradually, a Labor Department report showed April 14.