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.
Profits Dip at Component Makers Accuride, CVG
Two truck component makers reported lower second quarter profits late last month.
August 2, 2011TNT Express’ 2Q Profit Drops
TNT Express NV, Europe’s second largest post company, said its second-quarter earnings declined to about $5.7 million, from about $37 million a year earlier.
August 2, 2011iTECH: The Best Lane Boosts the Bottom Line
Many trucking companies are turning to software products — packages that include everything from mapping technology to detailed cost analysis — to help them choose the routes that will most boost their bottom lines.
August 1, 2011TTSI to Purchase 100 Zero-Emission Class 8 Trucks
Vision Industries Corp. has announced that drayage and logistics company Total Transportation Services Inc. intends to purchase 100 of its zero-emission, hydrogen fuel cell-electric Class 8 trucks for about $27 million.
August 1, 2011Construction Spending Rises for Third Month
Construction spending rose 0.2% in June for a third straight increase, the Commerce Department said Monday.
August 1, 2011ISM Manufacturing Index Falls to Two-Year Low
U.S. manufacturing activity fell to a two-year low in July, but continued to show expansion for the 24th consecutive month, the Institute for Supply Management said Monday.
August 1, 2011Texas Truckers Get Two New Electrified Rest Stops
Truckers in Texas now have two more electrified rest stops they can use.
August 1, 2011Caterpillar 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, 2011Oil 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, 2011