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.
Heavy-Duty Truck Sales Up 7.5% to Best January Total Since 2007
Class 8 truck sales rose 7.5% in January to the highest total for the month in seven years and the fifth straight month in which sales have improved year-over-year, WardsAuto.com reported.
February 24, 2014Retailers Revamping Distribution Strategies to Deliver Directly to Shoppers, Merchants Say
The world of retail shipping is being turned inside out, led by a high-tech-driven shift in goods transportation.
February 24, 2014Texas Trucking Group Visits Capitol to Educate Delegation on Industry
WASHINGTON — Texas Trucking Association members blitzed Capitol Hill, visiting 36 House offices and two on the Senate side in a single day in an effort to educate lawmakers on critical industry issues.
February 24, 2014Wal-Mart Unveils Concept Design for Rig With Hybrid Power, Lightweight Materials
Wal-Mart Stores Inc. has unveiled a concept tractor-trailer that includes a hybrid-electric powertrain and the first-ever trailer made from a solid sheet of lightweight carbon fiber.
February 24, 2014Trucking Acquisitions Likely to Continue at Strong Pace in 2014, Executives Say
MANALAPAN, Fla. — Trucking industry acquisitions will continue in 2014 at the stepped-up pace that was seen last year, eight industry leaders said.
February 24, 2014Cold Weather Lifts Diesel
Bitter winter weather in much of the United States drove up diesel, crude oil and gasoline prices again last week, with all hitting their highest levels in at least four months, analysts said.
February 24, 2014VW Hires Former Daimler Truck Chief Renschler
Volkswagen AG has hired Andreas Renschler, the former global head of Daimler AG’s truck brands, to oversee its truck operations, which include Scania AB and MAN SE.
February 21, 2014Navistar to Consolidate Engine Operations; Move Will Save $22 Mln. Annually, Cut 280 Jobs
Navistar International Corp. announced Feb. 20 that it will consolidate its midrange engine manufacturing operations, which it said will eliminate 280 jobs and save the company about $22 million annually.
Universal Truckload’s 4Q Earnings Jump
Universal Truckload Services Inc. said its net income rose in both the fourth quarter of 2013 and the full year.
February 21, 2014Container Volume Rises at Port of Charleston, S.C.
The Port of Charleston, S.C., said its container volume rose for the first seven months of its fiscal year — from July through January.
February 21, 2014