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.
Volvo Trucks Showcases Active Driver Assist; System Uses Alerts, Braking to Prevent Crashes
MOUNTVILLE, S.C. — Volvo Trucks North America showcased the next generation of collision- mitigation technology available on its trucks and touted the product offering as its latest effort to enhance road safety.
Truckers Face Third Double-Digit Toll Hike on Illinois Tollway System in Three Years
Truckers on the Illinois Tollway will be dealing with their third double-digit increase in three years come January. The 10% rise in 2017 follows a similar one in 2016 and a 40% hike in 2015.
UPS Profits Edge Up in Third Quarter, Aided by International Results
UPS Inc. said stronger international business helped boost third-quarter net income by 1% to $1.27 billion, or $1.44 per share.
Third Quarter LTL Results Mixed; YRC Tumbles, Others Gain
Less-than-truckload companies re- ported mixed results in the third- quarter as the carriers battle lower tonnage and shipments compared with a year ago.
Panama Canal Authority Gives First Look at Increased Cargo Following Expansion
The Panama Canal Authority has disclosed the first cargo statistics that outline the increased activity since the expanded waterway was opened, including 238 transits by Neopanamax vessels that were too large to make the trip in the past.
NHTSA Scared This Self-Driving Entrepreneur Off the Road
Self-driving cars are getting closer by the day, but they won’t be coming from hacking phenomenon George Hotz.
Pennsylvania Turnpike Aims to Recover More Than $1 Million From Trucking Firms
Frustrated over more than $9 million in unpaid tolls in the past two fiscal years, the Pennsylvania Turnpike Commission has upped the enforcement ante. The authority successfully shepherded a bill through the Legislature that only needs Gov. Tom Wolf’s signature by Nov. 4 to become law and allow for reciprocity with other states.
USA Truck Names James Reed as New CFO
USA Truck Inc. named James Reed as the company’s new chief financial officer, effective Nov. 1, replacing Michael Burrows, who left in May 2016.
October 28, 2016Love’s Opens Travel Stop on Highway 412 in Oklahoma
Love’s Travel Stops has opened a travel stop in West Siloam Springs, Oklahoma, along U.S. Highway 412 focused on drivers operating in eastern Oklahoma and northwest Arkansas.
October 28, 2016ATA Safety Management Council Honors Top Driver, Safety Director
American Trucking Associations’ Safety Management Council saluted its National Truck Driver of the Year and National Safety Director of the Year on Oct. 26 at its Security and Human Resources National Conference and Exhibition in Oklahoma City.