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.
Google Targets Drone Package Delivery in 2017
Internet giant Alphabet Inc., the new holding company for Google, expects to begin delivering packages to consumers via drones in 2017, the executive in charge of its drone effort said Nov. 2.
Trade Gap Narrows on Lowest Oil Imports in a Decade
The U.S. trade gap shrank in September to a seven-month low, reflecting declining purchases of foreign fuel as the world’s largest economy continued its drive toward energy independence.
November 4, 2015Analysis: Earnings Season Likely to Be Worst Since 2009
This U.S. earnings season is on track to be the worst since 2009 as profits from oil and gas and commodity-related companies plummet.
Companies Add 182,000 Workers in October, ADP Says
Companies added 182,000 workers in October, signaling steady improvement in the U.S. job market, according to a private report based on payrolls.
Former Panther CEO Invests in V3 Transportation
Craig Amato, founder and former CEO of expedited carrier Panther II Transportation, has joined V3 Transportation in Brunswick, Ohio, as senior advisor and investor, company officials announced Nov. 3.
November 4, 2015Rep. Reid Ribble’s Truck Weight Amendment Fails
WASHINGTON — The House on Nov. 3 rejected an effort by Rep. Reid Ribble (R-Wis.) aimed at allowing states to increase weight limits for trucks; watch video of the floor debate.
Rep. Lois Frankel Wants CSA Scores to Stay Public During Review
WASHINGTON — The Federal Motor Carrier Safety Administration’s safety performance rating scores for motor carriers would remain available to the public while the scoring program is reviewed under an amendment proposed by Rep. Lois Frankel (D-Fla.) to a multiyear highway bill on the House floor.
Accuride Acquisition of Italian Firm Signals Global Ambition
Wheel-products supplier Accuride Corp. acquired a 70% interest in Italian steel wheel manufacturer Gianetti Ruote S.r.l. from the MW Italia wheels division of CLN S.p.A.
November 3, 2015EBE Reports 28% Revenue Growth in Fiscal 2015
EBE Technologies, a provider of business-process management software for the transportation industry, reported revenue grew 28% in fiscal 2015 compared with the previous year.
November 3, 2015Getloaded Releases Mobile-Friendly Load Board
Load board operator Getloaded has released a new load board made specifically for mobile applications in response to shifting technology preferences.
November 3, 2015