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, Top 100

Fleets Offer Salaries, Other Pay Models to Retain Drivers Amid Labor Shortage

Driver behind the wheel Motor carriers that have implemented new compensation models say drivers appreciate the steady income. (Terrence Antonio James/Tribune Content Agency)

Cents per mile remains the dominant form of pay in the for-hire truckload sector, but its dominance is not as strong as it once was as fleets embrace alternative pay models that take cyclicality out of driver pay. Fleets that have implemented new payment methods said drivers appreciate the steady income.

Mindy Long | Special to Transport Topics
February 13, 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
Government, Business, Technology, Autonomous, Top 100

Federal Framework on Autonomous Vehicles Policy Essential, UPS Executive Says

Tom Jensen Thomas Jensen of UPS speaks at the Information Technology and Innovation Foundation panel. (Eugene Mulero/Transport Topics)

WASHINGTON — Nationwide policy for autonomous cars and trucks has the potential of facilitating the flow of freight while improving safety, according to a senior executive at UPS Inc. on Feb. 12.

Eugene Mulero | Staff Reporter
February 13, 2019
Business, Top 50

C.H. Robinson Names Bob Biesterfeld as CEO

C.H. Robinson C.H. Robinson via YouTube

Logistics company C.H. Robinson announced that Chief Operating Officer Bob Biesterfeld will rise to the post of CEO on May 9 through a planned succession. Biesterfeld will replace John Wiehoff, who has been in the job for 17 years, the company said in a Feb. 11 press release.

Marissa Gamache | Online Reporter
February 13, 2019
Business, Technology, Autonomous

Self-Driving Truck Startups TuSimple, Ike Attract More Investment to Fuel Development

Ike automated vehicle A worker checks a sensor on a test truck operated by Ike, which is developing automated driving technology for commercial vehicles. (Ike)

Self-driving truck startups TuSimple and Ike both announced new funding in February to fuel the continued development of their automated driving systems for commercial vehicles.

Seth Clevenger | Managing Editor, Features
February 13, 2019
Business, Technology

Opinion: Manage Driver Turnover by Avoiding the ‘Threats to Retention’

As everyone in the trucking industry knows, the driver shortage persists. With bonuses and incentives tempting drivers to come and go between motor carriers, retention can be a challenge. However, carriers can better manage this turnover by avoiding what Norris Beren calls “threats to retention.”

Norris Beren | Chief Executive Advisor, Risk Reward Consulting
February 12, 2019
Government, Business

Canada to Resume Publishing Trade Data Delayed by US Shutdown

Port of Montreal Port of Montreal (Valerian Mazataud/Bloomberg News)

Canada’s statistics agency plans to resume publishing merchandise trade reports next month, after the end of a U.S. government shutdown that deprived it of export data.

Greg Quinn | Bloomberg News
February 12, 2019
Government, Business, Logistics

New York Mayor Bill de Blasio Calls Amazon’s HQ2 Jobs ‘Mission Critical’

Amazon Bartek Sadowski/Bloomberg News

Defending the incentive package to attract Amazon.com Inc.’s HQ2 to New York City, Mayor Bill de Blasio said the prospect of the tech giant bringing tens of thousands of jobs to the area was “mission critical.”

Molly Schuetz and Martin Z Braun | Bloomberg News
February 12, 2019
Business, Technology, Equipment

Daimler Expects Supply Chain Constraints to Continue in 2019

A Freightliner is built on the line in Mount Holly, N.C. Workers assemble a Freightliner on the line in Mount Holly, N.C. (Daimler Trucks North America)

Daimler Trucks is not optimistic that supply chain constraints will improve anytime soon to clear up ongoing shortages that have interrupted commercial vehicle production over the past 12 to 18 months amid record demand.

Roger Gilroy | Staff Reporter
February 12, 2019
Government, Business, Fuel

OPEC Sees Weaker Demand for Its Crude as US Oil Supply Thrives

Oil Rig Jim Gehrz/Minneapolis Star Tribune

OPEC reduced its estimate for the amount of crude the world needs it to pump this year as U.S. production continues to thrive and the demand outlook falters.

Grant Smith | Bloomberg News
February 12, 2019
Government, Business, Safety

PennDOT Officials Assess 19 Responses on Truck Parking Solutions

Truck Parking Solutions Aerial photo of a rural interstate truck stop in Brookville, Pa. (Getty Images)

The Pennsylvania Department of Transportation is reviewing industry responses to its request for input on the prospect of initiating a public-private partnership to help the state address its shortage of truck parking.

Eleanor Lamb | Staff Reporter
February 12, 2019

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