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.
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.
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, 2016Alphabet, 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.
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, 2016Nearly 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.
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.
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, 2016Hanjin Bankruptcy Could Affect US Holiday Sales
Troubled South Korean firm Hanjin Shipping has been granted temporary bankruptcy protection in the United States.
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, 2016Consumer 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.