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.
Caterpillar to Pay $2.5 Million in Engine Settlement with EPA
Caterpillar Inc. will pay $2.55 million to the federal government and California to settle claims it sold engines without proper emissions controls and violated emission control reporting and engine labeling regulations, the Environmental Protection Agency said.
August 1, 2011Best Trucking Software 2024
For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.
Oil Rises From 2-Week Low Following Draft Debt-Ceiling Agreement
Oil rose nearly $2 from a two-week low Monday following signs that U.S. lawmakers were close to an agreement to raise America’s debt ceiling, Bloomberg reported.
August 1, 2011Johnson Controls Invests in Odyne Systems
Odyne Systems said Johnson Controls Inc. has made an undisclosed investment in the Waukesha, Wis., maker of modular hybrid power systems for heavy- and medium-duty trucks.
August 1, 2011Texas Truckers Have 2 New Electrified Rest Stops
Truckers in Texas now have two more electrified rest stops they can use.
August 1, 2011Freight Tonnage Jumps 6.8% in June
Freight tonnage carried by motor carriers during June rose by 6.8% over year-ago levels, according to American Trucking Associations, the largest gain in five months and a positive sign amid uncertainty about the U.S. economy.
August 1, 2011Schenker to Shut Sorting Hub In Toledo, Cutting 700 Jobs
Logistics company DB Schenker USA announced that it is closing a domestic freight sorting hub in Toledo, Ohio, and shifting contractors to move its cargo, a step that cost 700 people their jobs.
August 1, 2011Growing Tonnage Levels
The latest tonnage report from American Trucking Associations shows that freight levels in June were 6.8% higher than they were a year ago, the biggest gain in five months.
August 1, 2011Component Shortages Grow; OEMs Report Supply Problems
Shortages of components for new heavy-duty trucks are growing, leading vehicle manufacturers to cut back their sales forecasts as their backlog of truck orders continues to mount, executives said.
August 1, 2011Home Deliveries: Changing Consumer Habits Lead to New Fleet Services
Online shopping and do-it-yourself customers have increased the number of residential deliveries trucking companies make.
August 1, 2011Three Truck Makers’ Profits, Revenue Soar
Three of the world’s largest heavy-duty truck makers reported significant increases in profits and revenue for the three months ended June 30, with North American results playing a large role in all cases.
August 1, 2011