Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected the contract, casting more doubt on whether the industry will be able to resolve the labor dispute before December鈥檚 deadline.
November 21, 2022Trucking 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.
Karmak Acquires Truckmore to Bolster Digital Truck Dealer Services
Business management services provider Karmak Inc. on Nov. 16 announced the acquisition of truck dealer technology company Truckmore.
November 21, 2022Hub Group Sets Leadership Succession Plan
Hub Group has announced a leadership succession plan under which control will remain in the hands of the founding Yeager family.
November 21, 2022Some Owner-Operators Return to Fleets as Spot Market Softens
A surge in spot market rates that led some truck drivers to leave fleet jobs and go into business for themselves has cooled off, bringing with it a downturn in the number of drivers striking out on their own, industry data shows.
November 21, 2022FedEx Delivery Contractors鈥 Threat of Black Friday Walkout Fizzles
FedEx Corp. defused a threat by its delivery contractors to walk off the job on Black Friday in protest of dwindling profits as a trade group representing disgruntled logistics company owners disbanded.
November 19, 2022GM Startup BrightDrop Projects $1 Billion in Revenue in 2023
BrightDrop, a General Motors Co. startup focused on offering electric delivery options, told investors Nov. 17 it鈥檚 on track to reach $1 billion in revenue in 2023.
November 18, 2022Authorities Say L.A. Railroad Theft Rings Dismantled
Two theft rings that netted more than $18 million worth of merchandise stolen from railroad cars have been dismantled, authorities said Nov. 17, months after images of a sea of discarded containers along Union Pacific tracks in Lincoln Heights, Calif., drew national attention.
November 18, 2022Amazon CEO Says Job Cuts Will Continue Into 2023
Amazon.com Inc. CEO Andy Jassy said the e-commerce giant will be cutting jobs into 2023 as it adjusts to business conditions, his first public comments about the cost-reduction plans roiling Amazon since reports that it planned to wipe out about 10,000 jobs.
November 18, 2022Ed Aldridge Retiring; Peter Levesque to Take Reins as CMA CGM Leader
The CMA CGM Group announced that Peter Levesque is taking over leadership of its North American operations from Ed Aldridge, who is retiring.
November 18, 2022Isaac Instruments Invests in AI, Introduces Driver Mobile App
SAINT-BRUNO-de-MONTARVILLE, Quebec 鈥 Trucking telematics provider Isaac Instruments is investing in artificial intelligence and rolling out new products such as a driver mobile app to advance its mission to 鈥渟implify trucking.鈥
November 17, 2022Trending
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