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.
Ports of L.A., Long Beach Join Bid to Be Hydrogen Fuel Hub
The Los Angeles and Long Beach ports want to be part of a statewide clean hydrogen hub, through which they would get funding to test usage of the fuel to power trucking and terminal equipment.
Nissan Technicians in Tennessee Vote Against Unionization
Nissan North America technicians in Tennessee voted against organizing under the Machinists union, the latest defeat for unionization efforts at foreign automakers in the U.S. South.
Broader Horizons for Autonomous Trucks
Self-driving truck developers are pursuing several different concepts for how and where their technology could fit into real-world freight operations in the coming years.
Five Questions for Nicole White
Odyssey Logistics & Technology's chief information officer heads global technology strategy and IT operations.
March 17, 2023Tackling AI Fleet Management
New artificial intelligence capabilities promising automated, 24/7 monitoring of trucking fleets and vehicle maintenance are getting a mixed reaction from trucking leaders.
Incentivizing Driver Excellence
To remain competitive in a challenging labor market, trucking companies and fleet operators are exploring performance-based pay models to help boost driver retention and recruiting.
FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective
FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.
Chinese Billionaire Sells $1.6 Billion Daimler Truck Stake
Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly $1.6 billion.
House Lawmakers Introduce Bill to Protect Moving Privacy
Legislation meant to safeguard certain identifiable information of individuals moving internationally was recently introduced in the U.S. House of Representatives.
Your Fleet's Process Cost & Building a Stronger Business
Program Aired: March 16, 2023 2 p.m. ET. Dropping freight rates and rising costs are going to put more pressure on fleets in 2023. Fleet owners need to become increasingly creative to find new ways to reduce cost to protect margins. Recent research by BeyondTrucks found that US trucking companies incur on average $9,700 per driver per year as a result of poor processes and tools.
March 16, 2023