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.
Letter: Schools Should Encourage Careers in Trucking
This week's letter writer urges schools to consider trucking as a potential vocation for students.
February 6, 2017Editorial: Let’s Get Started, Secretary Chao
While Republican leaders in Congress seem to be in no hurry to address the country’s infrastructure, there’s an entirely different feeling surrounding President Trump’s pick to be transportation secretary, Elaine Chao, who was confirmed easily last week.
February 6, 2017Opinion: Share the Message of Trucking’s Importance
I read the chairman’s profile of Kevin Burch (10-10, p. 1), and quite frankly, he is a man after my own industry heart — and others should feel the same way.
February 6, 2017Volvo Group Ends Production of 16L Engines in North America
Choices for the largest diesel truck engines are thinning as Volvo Trucks North America and Mack Trucks are getting out of the 16-liter business.
Chao Confirmed as DOT Chief; Tech, Infrastructure Top Agenda
Directing the resources of the U.S. Department of Transportation to revamp the country’s infrastructure and establishing a policy framework for autonomous vehicles will be the top priorities for the Trump administration, said Elaine Chao, the country’s newest secretary of transportation.
2016 Cargo Thefts Hit $114 Million; Food, Drinks, Electronics Top Targets
Cargo thefts fell for the third consecutive year, but the value of the stolen goods vaulted 13.3% to $114 million, according to CargoNet.
States, Environmentalists Seek to Intervene in Federal Phase 2 Greenhouse-Gas Appeal
Eight states, including California, and five environmental advocacy groups have asked a U.S. appellate court for permission to intervene in a civil case between the Truck Trailer Manufacturers Association and two federal agencies concerning the final Phase 2 greenhouse-gas rule — just one month after TTMA filed its petition for review.
States Partner for Testing, Research of Autonomous, Platooning Vehicles
Three states are joining forces to work on autonomous and connected vehicles research and testing.
UPS Takes $239 Million Loss in 4Q Because of Charge on Pension Assets
UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets worth $1.67 billion after taxes from what was an otherwise profitable period. For the last three months of 2015, the after-tax charge was $79 million.
Truckload Profits Beat Estimates From Analysts in Quarter
Truckload companies posted quarterly results that outperformed the negative predictions from industry analysts, although profits were lower for some.