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

Marchbank to Succeed Connard as President of Trimac’s US Operations

Bulk carrier Trimac Transportation announced that Tom Connard, president and chief operating officer for its U.S. operations, will retire Aug. 1.

February 27, 2015
Business, Technology, Equipment, Safety

Bendix to Move to New Ohio Headquarters

Bendix Commercial Vehicle Systems said it will build new headquarters in Northeast Ohio, near its current Elyria location.

February 27, 2015
Business

Kenworth Offers Medium-Duty Extended Warranty Program

Kenworth Truck Co. said it is offering an extended warranty program for U.S. customers who purchase new Kenworth Classes 5-7 trucks financed through Paccar Financial.

February 27, 2015
Business

Peterbilt Launches Program to Speed Diagnostics, Service Across Dealer Network

Truck maker Peterbilt Motors Co. is introducing a “quick assessment” program to expedite service and repairs throughout its North American dealership network.

February 27, 2015
Business, Technology

I.D. Systems Receives Allowance for Cargo-Sensor Patent

I.D. Systems Inc., provider of the VeriWise brand of asset-tracking technology, said it has received a notice of allowance from the U.S. Patent and Trademark Office for a pending patent on a cargo-sensing system for dry van trailers and intermodal containers.

February 27, 2015
Business

Humboldt Launches Retractable Thermal Barrier for Refrigerated Carriers

Humboldt Specialty Manufacturing Co. has launched a new product designed to help refrigerated carriers protect their cargo while trailers’ doors are open and prevent claims.

February 27, 2015
Business

ITS Logistics Acquired by Two Private Investment Firms

Private investment firms McNally Capital and Coughlin Capital announced they have jointly acquired ITS Logistics, a warehousing and logistics firm based in Sparks, Nevada, for an undisclosed amount.

February 27, 2015
Business

Pending Sales of Existing Homes Rises to Highest Since 2013

More Americans signed contracts to purchase previously owned U.S. homes in January, rounding out a week of housing data that depicted an uneven recovery.

Nina Glinski | Bloomberg News
February 27, 2015
Government, Business

Sen. John Thune Wants Tax Reform To Fund Highway Infrastructure

WASHINGTON — Sen. John Thune, chairman of the Senate Commerce, Science and Transportation Committee and the chamber’s third-ranking Republican, said a tax overhaul could solve the short- and long-term funding woes facing the federal transportation system.

Eugene Mulero | Senior Reporter
February 26, 2015
Government, Business

Nafta Trade Rises 5.4% as Trucks Carry Three-Fifths of Freight

U.S. trade with Canada and Mexico in December increased to $95.8 billion, up 5.4% from 2013, and trucks carried about three-fifths of the freight, the Bureau of Transportation Statistics reported Feb. 26.

February 26, 2015