Business

Business

Car Wars: Steel Shows Strength Against Aluminum Rise

Automobile assembly Luke MacGregor/Bloomberg News

Lightweight aluminum has chipped away at steel’s use in vehicles as fuel efficiency standards have risen. Now steelmakers are fighting back. Their newest alloy could make its way to carmakers by 2021, with some available as early as next year, said Eric Petersen, vice president for research and innovation at AK Steel Holding Corp.

Joe Deaux and Marvin G Perez | Bloomberg News
October 18, 2018
Business, Technology, Logistics

UPS’ New Automated Sorting Facility in Atlanta Is Up and Running

UPS camera sorter Each package zooms through a tunnel with multiple cameras that scan a bar code on each side of the box. (Dan Ronan/Transport Topics)

ATLANTA — UPS Inc. is looking to the future with its new Southeast Metro Automated Routing Terminal. About the size of 19 football fields, the automated facility can be expanded to increase the 1,700 packages a minute it is able to process now.

Dan Ronan | Associate News Editor
October 18, 2018
Government, Business, Technology, Autonomous

Podcast Debut: ‘RoadSigns’ Tackles Autonomous

RoadSigns podcast

Welcome to the inaugural episode of Transport Topics' new podcast: RoadSigns. Our debut episode focuses on how the trucking industry’s steady and ongoing development of autonomous technology may someday affect truck drivers. Click to listen!

Transport Topics
June 11, 2018
Business, Logistics, TCA

Second FedEx Ground Station Opens in Oklahoma City

FedEx Sign Steve Helber/associated Press

FedEx Corp. has operated one 180,000-square-foot shipping station in Oklahoma City since 2006, and on Oct. 16 it celebrated the grand opening of a 270,000-square-foot shipping facility in north Oklahoma City to more than double its warehouse space in the area.

David Dishman | The Oklahoman (Oklahoma City, Okla.)
October 17, 2018
Business, Top 100

Marten Transport Posts Record Results in Third Quarter

Marten Transport John Sommers II for Transport Topics

Marten Transport Ltd. reported its best quarterly operating results ever, among the first of what is expected to be a string of bullish financial reports from trucking companies in the third quarter.

Daniel P. Bearth | Staff Writer
October 17, 2018
Business, Top 100

Heartland Express Returns to Historical Levels of Profitability

Heartland Express Heartland Express Inc.

Heartland Express Inc. is getting back to its old self. The North Liberty, Iowa-based truckload carrier has been battling to restore its historically rich profit margins after the acquisition of Interstate Distributor Co. in July 2017.

Daniel P. Bearth | Staff Writer
October 17, 2018
Business, Technology

Freight-Related Startups, Tech Firms Continue to Attract Investment

Dynamo gathering Ryan Rogers (left) and Will Brewer talk in the body shop at Covenant Transport. (Covenant Transport Services)

Interest in freight-related startups and technology continues to grow, as evidenced by several recent investment deals as well as a first-of-its-kind Founders Camp whereby representatives from 20 startup firms met with trucking executives and shippers in Chattanooga, Tenn., to exchange ideas for new products and services.

Daniel P. Bearth | Staff Writer
October 17, 2018
Business, Technology, Autonomous

Tesla Secures Land in Shanghai for First Foreign Factory

Elon Musk Tesla CEO, Elon Musk. (Marcio Jose Sanchez/Associated Press)

BEIJING — Electric auto brand Tesla Inc. said it signed an agreement Oct. 17 to secure land in Shanghai for its first factory outside the United States, pushing ahead with development despite mounting U.S.-Chinese trade tensions.

Joe McDonald | Associated Press
October 17, 2018
Government, Business, Technology

FreightRover Gets Backing to Launch Freight Payment Service

FreightRover Desktop rendering of the FreightRover platform. (FreightRover)

FreightRover, a company launched a year ago by a former top executive at Celadon Group to provide technology to automate vendor payments, has secured a financing facility of up to $500 million from Crayhill Capital Management and other investors to support a new business that will offer trade finance and freight factoring services.

Daniel P. Bearth | Staff Writer
October 17, 2018
Government, Business

Housing Starts Sank 5.3% in September

Construction site David Zalubowski/Associated Press

WASHINGTON — U.S. home construction fell 5.3% in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market.

Josh Boak | The Associated Press
October 17, 2018
Business, Technology, Equipment

Volvo: ‘Not Clear’ How Many North American Vehicles Are Affected by Component Issue

Grill of a Volvo VNL 740 John Sommers II for Transport Topics

Volvo Group said it could not yet determine the impact of a faulty component on its North American trucks as it was still evaluating the scope of the problem.

Joe Antoshak | Staff Writer
October 17, 2018

Pages