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.
How the 3PL Market is Positioned to Meet Shipper's Visibility Demands
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December 7, 2016Daimler Trucks North America Recalls Newer Freightliner Trucks Using Certain Goodyear Tires
Daimler Trucks North America is recalling 863 newer Freightliner trucks using certain Goodyear tires, whose tread may have cured improperly, raising the risk of vehicle damage or crash due to partial tread separation.
December 7, 2016UPS Debuts Delivery by Electric Bike in Portland, Ore.
UPS Inc. will be swapping one of its big brown trucks for a big brown bike. The Atlanta logistics company said Dec. 7 that it's testing delivery by electric bicycle in Portland, a first for the company in the United States.
VIDEO: UPS CEO: ‘We’re Not Sure’ There Will Be Trade Negatives Under Trump
UPS CEO David Abney told CNBC cutting regulation and growing infrastructure are likely positives.
Cummins Responds to Nikola’s Electric Truck With Its Vision of the Future
Cummins Inc., the industry’s only independent engine manufacturer, outlined how the company envisions using multiple alternative propulsion systems to power Class 8 trucks within the next 10 years in a statement provided to Transport Topics.
Paccar Declares Extra Dividend
Paccar Inc. would pay an extra cash dividend of 60 cents per share on Jan. 6, 2017, to stockholders of record at the close of business on Dec. 16.
December 7, 2016Logistics Plus Acquires Intermodal Software Service
Logistics Plus Inc., based in Erie, Pennsylvania, has acquired Door Logistics, a software service that automates intermodal shipping functions, from SynchroNet Intermodal Services in Virginia Beach, Virginia.
December 7, 2016Covenant CEO Says Truckers Willing to Pay to Upgrade Highways
The head of one of Chattanooga, Tennessee’s biggest trucking companies says there is an urgent need to upgrade the interstate highways in the Chattanooga region to keep commerce flowing.
Wal-Mart to Invest Over $1 Billion on Logistics in Mexico
Wal-Mart de Mexico SAB, Latin America’s biggest retailer, will spend more than $1 billion to improve its logistics operations, a person with direct knowledge of the plan said.
US Job Openings Remain Elevated in October, Near Record Level
Job openings in the United States remained elevated in October, and employers’ job listings were revised up for the previous month, indicating robust demand for workers, a Labor Department report showed Dec. 7.