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.
USA Truck Raises Driver Pay Up to 38%
USA Truck Inc. increased driver pay as much as 38% for some independent contractors beginning Oct. 1, the company announced.
October 14, 2016DAT Solutions, Getloaded to Merge Into One Load Board
DAT Solutions and Getloaded will merge their two databases and launch one unified load board before the end of the year, the two companies announced Oct. 13.
October 14, 2016After Cargo Controversy, Olympia Port Commission Seeks Team-Building Consultant
The Port of Olympia Commission, better known recently for its intense discussions regarding military cargo, charted a new course Oct. 14 after agreeing to hire a consultant to help improve communications between the commission, executive director and port staff.
DOT Gives $5 Million to N.C. for Hurricane Matthew Recovery
To help with the cleanup and repair of critical infrastructure damaged by Hurricane Matthew, the U.S. Department of Transportation is providing North Carolina with $5 million, the department announced Oct. 13.
October 14, 2016Hanjin Bankruptcy Hits Long Beach Port Hard, But Los Angeles Left Unscathed
Container traffic at the two biggest West Coast ports was mixed in September, with a significant drop in Long Beach because of the Hanjin bankruptcy but a gain in Los Angeles, which had less exposure.
October 14, 2016Appeals Court Rejects Driver's Claim That High BMI Should Not Require Sleep Apnea Study
An appeals court has rejected claims by an obese truck driver that he should not have been required by his employer to submit to a sleep study to determine if he had sleep apnea.
Hyperloop One Raises $50 Million, Dubai Port CEO Added to Board
Hyperloop Technologies Inc., a Los Angeles-based company building a futuristic transportation system, said it raised $50 million in convertible-debt financing and hired Uber Technologies Inc.’s former chief financial officer.
Joseph Saoud to Lead Truck and Bus Unit of Bridgestone Americas
Bridgestone Americas Inc. announced Joseph Saoud joined the company as president of the truck and bus radial tire unit at Bridgestone Americas Tire Operations.
October 14, 2016Port of Oakland: Terminal Expansion Could Increase Volume, Add Jobs
OAKLAND, Calif. — One of the Port of Oakland's largest terminal operators is gearing up to double its terminal size, which port officials say can increase efficiency and volume at the port, as well as bring in more jobs.
Consumer Sentiment Unexpectedly Drops as Outlook Sours
Consumer confidence unexpectedly fell to a one-year low in October as Americans soured on the outlook for the economy amid a contentious presidential election campaign.