Business
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.
House Passes Highway Bill, Sets Up Conference With Senate
Legislation that would reform a safety performance scoring program for motor carriers and set in motion efforts to expand the role young truckers may have in interstate commerce passed the U.S. House of Representatives on Nov. 5.
Rep. John Lewis’ Effort to Eliminate Young-Driver Provision in Highway Bill Fails
The House on Nov. 4 rejected an effort by Rep. John Lewis (D-Ga.) seeking to remove a provision in a House multiyear highway bill designed to pave the way for drivers under 21 to operate trucks across state lines.
November 5, 2015Eaton, Cummins Expand SmartAdvantage Powertrain Options
MARSHALL, Mich. — Eaton Corp. and Cummins Inc. announced that they are increasing SmartAdvantage powertrain options to provide fleets more choices to meet their individual applications and operations.
XPO Raises Profit Targets, Reports Loss, Revenue Growth
XPO Logistics Inc. set new, higher profit targets and reported a wider net loss in the third quarter as the buyer of Con-way Inc. continued to show revenue growth from multiple acquisitions.
Meritor Tire Inflation System Reaches Milestone After 23 Years
Trucking supplier Meritor Inc. announced the 1 millionth Meritor Tire Inflation System by P.S.I. was manufactured and then disassembled to become part of monitoring systems on 31 trailers used by fleet customers and made by seven trailer makers.
November 5, 2015New Navistar Program for Dealers Attacks Repair Delays
Navistar International Corp. said it has put in place a program to ensure customers receive faster repair service at its dealerships that have met certain efficiency standards required in its new Diamond Edge Certified Program, which has been in development for several months.
November 5, 2015Intermodal Growth Slows in Third Quarter
Truck/rail freight growth slowed to 3.4% in the third quarter, the Intermodal Association of North America reported, as domestic growth was stunted by truckers taking advantage of favorable fuel prices and capacity.
November 5, 2015BestPass to Offer Full Toll Coverage in Texas
BestPass Inc., a provider of toll-payment and management services, said it will soon offer coverage for all tolling locations in Texas.
November 5, 2015SkyBitz Launches Trailer-Detention Management System
Asset tracking provider SkyBitz has launched a service designed to help fleets better monitor trailer detention time to improve utilization and driver satisfaction.
Consumer Comfort Declines to Lowest Level in Seven Weeks
Consumer confidence declined to a seven-week low as Americans’ views of the U.S. economy sank by the most since February.