Business

About Business News...

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.

Business, Government

Port of Virginia Reports $4.76 Million Profit in 2016

The Port of Virginia reported $4.76 million in profits for fiscal year 2016, which ran from July 1 to June 30.

Ari Ashe | Staff Reporter
September 9, 2016
Business, Technology

Volvo Tests Autonomous Truck in Underground Mine

Volvo said it is testing its fully autonomous truck about 4,000 feet underground in a mine in Northern Sweden.

September 8, 2016
Business, Technology

Alphabet, Chipotle Test Burrito Drone Delivery at Virginia Tech

In what’s sure to be a college student’s dream come true, drones soon will be delivering burritos on the campus of Virginia Tech.

Alan Levin | Bloomberg News
September 8, 2016
Business

Oregon Trucker Wins Lottery, Completes Delivery on Way to Picking up Winnings

Winning $9.4 million playing Oregon’s Game Megabucks didn’t stop truck driver Eric Tackett of Sutherlin, Oregon, from delivering a load of drywall on his way to claim his winnings.

September 8, 2016
Business

Nearly 92, Woman Fulfills Dream to Drive Big Rig

Louise Spencer was able to check one of her life goals off her list Sept. 2 — nine days before she turns 92 — when she got behind the wheel of a big rig for the first time in her life.

Brian Todd | Post-Bulletin (Rochester, Minn.)
September 8, 2016
Business

Mercedes 'Mothership' Van Will Transport Robot Workers to Deliver Packages

Starship Technologies, maker of squat six-wheeled robots that deliver packages to businesses and homes, said Sept. 7 it is working with Mercedes to develop a van to transport eight of the robots and release them onto sidewalks to make deliveries.

Russ Mitchell | Los Angeles Times
September 8, 2016
Business, Logistics

CSX Says Third-Quarter Earnings Will Decline

CSX Corp. has announced that third-quarter earnings will trail both the 2015 period and second quarter profit because freight volumes have slumped.

September 8, 2016
Business, Logistics

Hanjin Bankruptcy Could Affect US Holiday Sales

Troubled South Korean firm Hanjin Shipping has been granted temporary bankruptcy protection in the United States.

Mike Snider | USA Today
September 8, 2016
Business

Doonan Introduces Flatbed Trailer for Hauling Steel Coils

Doonan Specialized Trailer announced that it has designed and manufactured a new Series 2 V-channel trough flatbed trailer.

September 8, 2016
Business

Consumer Comfort Rebounds as Personal Finances Improve

Americans’ moods steadied last week after a slight pullback as household finances improved and consumers felt better about making purchases, according to the weekly Bloomberg Consumer Comfort Index released Sept. 8.

Sho Chandra | Bloomberg News
September 8, 2016