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.
Increases in Driver Pay Grind to Halt on Lower Freight Rates, Demand
Downward pressure on truckload rates and a weak freight market this year have almost eliminated driver pay increases that were widespread as recently as early 2015, according to an industry official who tracks compensation trends.
House Bill Allows TWICs to Access Military Bases
The U.S. House of Representatives has approved a measure that would pressure the Department of Defense to let truck drivers use Transportation Worker Identification Credential cards to validate their identity for unescorted access at all of the nation’s 700 military installations.
Prime Agrees to Pay $3.11 Million to Settle EEOC Case
Truckload carrier Prime Inc. concluded its 15-year legal battle with the U.S. Equal Employment Opportunity Commission by agreeing to pay more than $3.11 million in compensatory damages and back pay in a civil case concerning driver training and allegations of sexual harassment.
Wal-Mart Plans to Test Grocery Delivery Through Uber, Lyft
Wal-Mart Stores Inc. will begin testing the delivery of groceries using Uber and Lyft drivers, aiming to match the convenience of services offered by Amazon.com Inc. and other e-commerce companies.
Prime Agrees to Pay $3.11 Million to Settle EEOC Case
Truckload carrier Prime Inc. concluded its 15-year legal battle with the U.S. Equal Employment Opportunity Commission by agreeing to pay more than $3.11 million in compensatory damages and back pay in a civil case concerning driver training and allegations of sexual harassment.
Continental Tire Testing Natural Rubber from Dandelions
Continental Tire said it is researching using dandelion natural rubber as a polymer and “key component” of future tires.
Orders for Commercial Vehicles Fell in May
North American orders in May for new Class 8 trucks fell 31% year-over-year as overcapacity, low late-model used-truck values and weak freight volumes continued to restrain demand, ACT Research Co. reported.
June 3, 2016Amazon Announces Two More Illinois Fulfillment Centers, 1,000 Jobs
Amazon.com announced plans June 2 to open two fulfillment centers in Edwardsville, Illinois, and create more than 1,000 full-time jobs between the facilities when they open.
June 3, 2016FedEx Receives Permit for $1.7 Million Facility at Idaho Airport
FedEx is moving ahead with its new air cargo facility at the airport in Twins Falls, Idaho.
UTA President Michael McColgan of VTNA Dies at 61
Michael McColgan, president of the Used Truck Association and the longest-serving employee of Volvo Trucks North America, died unexpectedly in Greensboro, North Carolina, on May 30. He was 61.