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, Government, Safety, Autonomous

Sorbon Transport Shut Down by FMCSA

The Federal Motor Carrier Safety Administration has placed a Colorado-based trucking company out of service, labeling the firm an “imminent hazard to public safety,” the agency said Feb. 18.

Jonathan S. Reiskin | Associate News Editor
February 18, 2015

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.

Special Coverage, Business, Equipment

Eaton, Cummins Expand Powertrain Partnership

NASHVILLE, Tenn. — Officials from Eaton Corp. and Cummins Inc. said the two companies are adding an engine to their SmartAdvantage integrated powertrain lineup and are matching one of Eaton’s transmissions to a Cummins natural-gas engine.

Michael G. Malloy | Web Editor
February 18, 2015
Special Coverage, Business

Cooper Adds Roadmaster Tire, Eyes Fleet Market

NASHVILLE, Tenn. — Cooper Tire introduced a new Roadmaster tire on the highway specifically engineered to withstand the demands of drop-deck trailers, and company officials said they plan to enter the fleet market later this year.

Michael G. Malloy | Web Editor
February 18, 2015
Special Coverage, Business, Equipment

Wabash, Strehl Release New Trailer Aerodynamic Products

NASHVILLE, Tenn. — Wabash National Corp. unveiled two new trailer add-on products which it said, when used together, can boost fuel economy 9% or more by improving aerodynamics.

Michael G. Malloy | Web Editor
February 18, 2015
Business, Fuel

Oil Train Crash Adds Pressure for New Safety Standards

Video images of a fireball billowing from the wreckage of a derailed train hauling Bakken crude are adding to pressure on federal regulators to act on new safety standards for oil shipments.

Thomas Black | Bloomberg News
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Jim Snyder | Bloomberg News
February 18, 2015
Business, Logistics

Neptune Orient Lines to Sell APL Logistics for $1.2 Billion

Singapore-based Neptune Orient Lines has agreed to sell its APL Logistics business unit to Japanese shipping firm Kintetsu World Express for $1.2 billion.

Daniel P. Bearth | Staff Writer
February 18, 2015
Business

Factory Production Posts Tepid Growth in January

Factory production rose less than forecast in January as motor vehicle assemblies declined along with demand for construction materials, indicating U.S. manufacturing is moderating.

Michelle Jamrisko | Bloomberg News
February 18, 2015
Business

Housing Starts Fall as Demand for Single-Family Homes Cools

Builders broke ground on fewer U.S. residential construction projects in January as demand for single-family homes cooled from an almost seven-year high, signaling the rebound in housing remains uneven.

Nina Glinski | Bloomberg News
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Shobhana Chandra | Bloomberg News
February 18, 2015
Special Coverage, Business

Be Aware of Elements That Cause Corrosion, Experts Say

NASHVILLE, Tenn. — Fifty years ago, the only type of corrosion the trucking industry worried about was from road salt on the truck chassis. But today, no part of a truck is safe from corrosion, said those who run, build, maintain and wash trucks.

Michele Fuetsch | Staff Reporter
February 18, 2015
Special Coverage, Business, Equipment

Cummins Filtration Releases New Filter

NASHVILLE, Tenn. — Cummins Filtration Inc. announced the release of a new oil filter for the Cummins ISX15 engine.

February 17, 2015