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

Volvo Sells Remaining Stake in India’s Eicher Motors

Volvo Group said June 4 it sold its remaining holdings in the Indian automotive and truck manufacturer Eicher Motors Ltd.

Michael G. Malloy | Web Editor
June 4, 2015

EDI for Trucking: Everything You Need to Know

Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.

Business, Logistics

Intermodal Rail Traffic Surpasses Carloads for First Month on Record

U.S. rail intermodal traffic surpassed carload volume in May for the first month on record, the Association of American Railroads reported.

June 4, 2015
Business

SAF-Holland Rolls Out Trailer Suspension-Axle Combo

Suspension and fifth-wheel manufacturer SAF-Holland introduced its ULX40 UltraLite trailer suspension-axle combination June 3

June 4, 2015
Business, Government, Logistics

Consumer Comfort Falls to Lowest Level Since November

Consumer confidence in the U.S. slipped last week to a six-month low as views of the buying climate softened, indicating a re-acceleration in household spending may be slow to materialize.

June 4, 2015
Business

Navistar Narrows Fiscal 2Q Loss as Sales Rise, Warranty Costs Decline

Navistar International Corp. reported a smaller loss in its fiscal second quarter, driven by higher truck sales, lower warranty expenses and cost reductions.

Seth Clevenger | Managing Editor, Features and Multimedia
June 4, 2015
Business

Jobless Claims Dropped to 276,000 Last Week

Fewer workers filed applications for unemployment benefits last week, signaling the U.S. job market remains firm even after growth plunged at the start of the year.

June 4, 2015
Government, Business

Freight Activity Mixed Nationwide as Economy Continues to Expand, Fed Says

The overall economy continued to expand across most of the country from early April to late May, but reports on freight activity and transportation services were mixed, the Federal Reserve said.

June 3, 2015
Government, Business

Small Business Leaders Urge Congress to Pass Long-Term Highway Bill

WASHINGTON — The absence of funding certainty at the federal level has hindered small business operators’ ability to plan long-term for construction projects that utilize trucks and equipment supplies, a group of stakeholders told a House panel June 3.

Eugene Mulero | Senior Reporter
June 3, 2015
Business

May Truck Orders Fall 23% as Open Production Slots Dwindle

New heavy-duty truck orders declined in May for a third straight month as the number of available 2015 production slots continued to shrink, ACT Research reported.

Seth Clevenger | Managing Editor, Features and Multimedia
June 3, 2015
Government, Business, Technology, Equipment, Safety

NHTSA Releases Electronic Stability Control Rule

The National Highway Traffic Safety Administration on June 3 released its long-awaited final rule on stability control, saying it will affect Classes 7-8 trucks in two years.

Jonathan S. Reiskin | Associate News Editor
June 3, 2015