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.
Scania to Test Hydrogen-Powered Trucks
Scania Inc. said it will partner with one of Norway’s largest trucking companies to test trucks powered by electrical energy converted from hydrogen gas in fuel cells in the vehicle.
August 18, 2016Uber Acquires Self-Driving Truck Startup Otto
Ridesharing company Uber said it has acquired Otto, a startup firm that is developing a self-driving aftermarket kit for heavy-duty trucks.
August 18, 2016I-15 Reopens in Both Directions Amid Spreading California Wildfire
After being shut for 36 hours because of the Bluecut wildfire that has been engulfing part of the area around San Bernadino, Interstate 15 southbound reopened at 10:45 A.M. on Aug. 18.
Weekly Jobless Claims Numbers Indicate Job Market Remains Healthy
Fewer Americans than forecast filed applications for unemployment benefits in the week ended Aug. 13, indicating the U.S. job market remains healthy.
XPO Logistics Continues to Restructure Debt
XPO Logistics has priced $1.64 billion in refinancing of its existing term loan, as part of an effort to improve cash flow by reducing annual interest costs by about $40 million.
August 17, 2016Omnitracs Launches Onboard Video System
Omnitracs has jumped into the burgeoning in-cab camera market with its own onboard video system called Critical Event Video.
Trucking Supports Massachusetts Gov.’s Veto of VMT Bill
Massachusetts won’t be joining Oregon and California in implementing a vehicle miles traveled pilot program anytime soon. Gov. Charlie Baker, a Republican, vetoed a bill on Aug. 10 that the Democratic-controlled Massachusetts Legislature had passed 10 days earlier to permit the state’s Department of Transportation to start a VMT pilot.
DOE Launches SuperTruck II to Go Beyond New GHG Rule
The Department of Energy announced its SuperTruck II initiative to more than double the freight efficiency of Class 8 trucks and go beyond provisions in the new federal Phase 2 greenhouse-gas emissions rule affecting heavy- and medium-duty trucks, as well as trailers.
August 17, 2016Orange EV Offers New Electric Terminal Truck
Orange EV said it is accepting orders for its all-new T-Series electric terminal truck. Its initial model was completely remanufactured.
August 17, 2016In Essence, Boyd Bros. Trucker Charlie Walker has Driven to the Moon and Back Six Times
Charlie Walker is in an exclusive club, having driven more than 3 million miles over three decades with nary a fender bender for Birmingham, Alabama-based transportation company Boyd Bros.