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, Logistics

Trailer Manufacturers Chip Away at Weight by Using Aluminum, Composite Materials

Trailer manufacturers have been pursuing weight reduction for years, trimming pounds from body materials and suspension components in response to customer demands for greater hauling capacity.

March 9, 2015
Business

Truckers Criticize Potential Increase in Minimum Insurance Requirements

The Federal Motor Carrier Safety Administration received more than 2,000 comments on its advanced notice of proposed rulemaking to increase mandatory insurance minimums, many of them questioning whether an adjustment was needed.

March 9, 2015
Business

Ford Redesigns Medium-Duty Line, Including Updated Telematics System

INDIANAPOLIS — Ford Motor Co. introduced a redesigned lineup of medium-duty trucks here that includes dedicated tractor models in two weight classes, and an updated telematics suite.

March 9, 2015
Business

Regional LTL Benton Global Ends Operations; First Publicly Announced Failure This Year

Benton Global, a regional less-than-truckload operator in the Southeast, has closed its doors, representing the first publicly announced fleet failure this year.

March 9, 2015
Business

Navistar Narrows Fiscal 1Q Loss as Sales Gain, Repair Costs Drop

Navistar International Corp. narrowed its loss in its fiscal first quarter as vehicle sales improved and warranty expenses continued to decline.

March 9, 2015
Business

Three Large Chassis Owners Begin Pool in Southern California to Tackle Shortage

Three of the largest intermodal chassis owners announced the startup of a pool in Southern California that is meant to address ongoing difficulties with equipment supply at the Ports of Los Angeles and Long Beach, California.

March 9, 2015
Business

Used-Truck Transactions Up, But Constrained by Inventory

Used-truck transactions rose about 4% last year, but sales volumes were constrained by the scarcity of desirable units reaching the secondary market, IHS Automotive said.

March 9, 2015
Business, Fuel

Diesel Gains 3.6¢ to $2.936

Continued cold weather throughout parts of the United States pushed the diesel average price 3.6 cents higher to $2.936 a gallon, the Department of Energy reported.

March 9, 2015
Business

International Introduces Enhanced Truck and Body Electronics

International Truck has introduced a new body control module to improve the processing speed and expand the capabilities of its truck and body electronics for medium-duty and vocational vehicles.

March 6, 2015
Business

Descartes’ Income Improves for 4Q, Year

Logistics software firm Descartes Systems Group said its fourth-quarter profit improved from a year ago on higher revenue and acquisitions.

Michael G. Malloy | Web Editor
March 6, 2015