Truck makers are beginning to introduce battery-electric models, but successfully deploying this new breed of commercial vehicle requires fleets to manage a bevy of new considerations, including installation of charging equipment, coordination with utility companies and exploring government incentives.
October 22, 2020Trucking 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.
Integrated, Connected Technology Gaining Speed
The data underpinning equipment and freight deliveries carries many benefits for fleets willing to integrate factory-installed telematics, service communications and fleet management solutions into a useful stream of data, experts said Oct. 22 during American Trucking Associationsā Management Conference & Exhibition.
October 22, 2020States Lose Fight to Get USPS Outside Monitor for Election Mail
States that claim changes by the U.S. Postal Service will threaten mail-in voting failed again to get an independent monitor appointed to observe the agencyās compliance with a court order.
October 22, 2020Poor Insurance Underwriter Performance Is Causing Increasing Rates, Expert Says
The insurance underwriting industry continues to face financial uncertainty, characterized by historic underwriting losses for the transportation sector and rising insurance rates for motor carriers, insurance executives said during a virtual educational session at American Trucking Associationsā Management Conference & Exhibition.
October 22, 2020Mullen Reports Profit Gain on Lower Revenue in Q3
Mullen Group posted a gain in profit during the third quarter, helped by COVID-19-related economic subsidies, an improving economy and strong e-commerce business.
October 22, 2020US Consumer Comfort Falls to Seven-Week Low
A weekly measure of U.S. consumer confidence fell to a seven-week low on significant declines in attitudes toward the economy and buying climate ā just about two weeks before the presidential election.
October 22, 2020Union Pacific Posts Lower Net Income, Revenue in Q3
Union Pacific Corp. is the latest Class I railroad to report lower third-quarter earnings when measured against 2019, with company officials saying Oct. 22 the COVID-19 pandemic is responsible for the drop in net income and revenue.
October 22, 2020CSX Reports Lower Q3 Net Income, Revenue
CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.
October 22, 2020Pelosi Says āJust About Thereā on Stimulus; Senate Hurdle Awaits
House Speaker Nancy Pelosi said she and Treasury Secretary Steven Mnuchin are ājust about thereā on a deal for a coronavirus relief package even as there are outstanding differences still being negotiated.
October 22, 2020Ports Report Strong September as Retailers Restock
Just months after cargo volumes plunged amid the COVID-19 pandemic, the nationās ports are staging a comeback as falling product inventory levels at warehouses, stores and medical facilities are being quickly replenished.
October 22, 2020