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.
Kodiak Installs Autonomous Driving System on Electric Truck
ANAHEIM, Calif. — Autonomous truck developer Kodiak Robotics unveiled a battery-electric Class 8 truck equipped with its self-driving technology at the 2023 ACT Expo.
Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
DHL Plans Third Air Cargo Hub in California
Greg Hewitt, CEO of DHL Express U.S., says company leadership is doubling down on its GoGreen Plus program, with a goal of being a net-zero emissions company by 2050.
Forward Air Reports Revenue and Earnings Decline for Q1
Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.
Diesel Prices Sink to an Average of $4.018 a Gallon
Diesel prices fell by an average of 5.9 cents a gallon in the past week to flirt with the $4 a gallon mark, settling at $4.018 a gallon, according to the Energy Information Administration.
FedEx Freight Plans Closure of 29 Locations
FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.
GAO Tells DOT to Update Freight Handbook
To improve real-time decisions in the commercial transportation sector, a new government watchdog report recommended the U.S. Department of Transportation update its freight guidance.
Penske to Acquire Michigan-Based Star Truck Rentals
Reading, Pa.-based Penske Truck Leasing plans to acquire Star Truck Rentals, a transportation services company that operates facilities in Indiana and Michigan.
Aurora CEO Chris Urmson on the Future of Self-Driving Trucks
The prospect of a driverless semi is scary to many, but not to Aurora Innovation CEO Chris Urmson, who helped to build Google’s autonomous vehicle unit.
BAE Systems, Eaton Collaborate on Electric Drive Solutions
BAE Systems is collaborating with the power management company Eaton to develop an integrated electric vehicle system for medium-duty trucks, the companies announced May 1.
May 1, 2023Florida, South Korea Join in Hydrogen Research
Florida and South Korean officials signed a pact to create a hydrogen research hub, set to break ground next month in Polk County.