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, Technology, Logistics, Autonomous

Nuro Raises Nearly $1 Billion From SoftBank Vision Fund

Kroger and Nuro's R1 driverless delivery vehicle Kroger and Nuro's R1 driverless delivery vehicle. (Andrew Brown/The Kroger Co. via AP)

Nuro, a robotics company specializing in automating local commerce deliveries, has secured $940 million in funding from the SoftBank Vision Fund, according to a Feb. 11 press release.

February 14, 2019

Transport Topics Podcasts

RoadSigns podcast

Check out the latest podcast episodes of our RoadSigns and LiveOnWeb programs. Episode 2 of our Season Intersession of RoadSigns, "Is Trucking Charging Toward an Electric Reality?" is now available. Check back here often as new content is always being added!

Transport Topics
January 3, 2019
Business

Ryder Posts Record Revenue for 4Q, Full Year

Ryder truck and trailer Ryder System Inc.

A strong economy and demand for freight movement led Ryder System Inc. to declare record revenue for its final 2018 quarter and the full year.

Jim Stinson | Staff Reporter
February 14, 2019
Government, Business, Safety

Truck Parking Shortage Costs Drivers $4,600 a Year, Expert Says

Truck Parking Shortage Mullings (left), Dan Ronan, Manning and Murray. (Natso)

ORLANDO, Fla. — The difficulty of finding truck parking is pushing drivers out of the business and contributing to the industry’s persistent driver shortage, according to experts who spoke at the Natso annual convention, held here Feb. 10-13.

Dan Ronan | Associate News Editor
February 14, 2019
Government, Business, Logistics

Amazon Ditches Plans for New York Headquarters

Amazon Mark Lennihan/Associated Press

Amazon.com is pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians, the e-commerce giant said.

Alistair Barr | Bloomberg News
February 14, 2019
Business, Equipment

Rush Earnings Mixed, but Beats Forecasts With Record New Truck Sales

Sign over a Rush Enterprises location Rush Enterprises Inc.

Rush Enterprises reported lower fourth-quarter and full-year net income and higher revenue, but in the latest quarter beat analysts’ expectations as it sold a record number of new trucks.

Roger Gilroy | Staff Reporter
February 14, 2019
Business

Coke Shares Drop Most Since 2008

Coca-Cola Vincent Mundy/Bloomberg News

Coca-Cola Co. plunged the most intraday in more than 10 years on Feb. 14 after the company released a lackluster forecast for 2019 and highlighted upcoming obstacles such as currency pressures, geopolitical tensions and weakening consumer sentiment.

Craig Giammona | Bloomberg News
February 14, 2019
Government, Business, Technology, Fuel

Los Angeles Nixes Plan to Upgrade Three Natural Gas Generators

LNG Ken James/Bloomberg News

Los Angeles will ditch a plan to spend billions rebuilding three natural gas-fired power plants as the city moves toward getting all of its electricity from renewable energy.

Mark Chediak | Bloomberg News
February 14, 2019
Business, Technology, Autonomous

GM Cruise Falls Short of Self-Driving Test Miles Projection

GM David Paul Morris/Bloomberg News

In late 2017, the co-founder of General Motors Co.’s self-driving unit told investors the company was on the verge of putting 1 million miles a month on its autonomous test cars. That projection proved to be quite a stretch.

David Welch | Bloomberg News
February 14, 2019
Business, Technology, Safety

Tech Company Worklete Uses Software to Build Good Trucker Habits

Worklete

A San Francisco technology company is using software that offers a service to prevent trucking-related workplace injuries, by building habits for truckers and others in the freight industry.

Jim Stinson | Staff Reporter
February 14, 2019
Business, Logistics, Top 100

FedEx Logistics Announces Headquarters Move

Former Gibson Guitar factory in Memphis The former Gibson Guitar factory in Memphis. (Adrian Sainz/AP)

FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.

February 13, 2019

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