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, Technology, Equipment, Fuel

Cummins Top Overall Supplier of Class 8 Diesel Engines in 2018

Cummins A Cummins engine. (Cummins Inc.)

Independent engine maker Cummins Inc. supplied the most Class 8 diesel engines overall in 2018, and set a record for its heavier-displacement units used in one of the strongest years on record for new truck demand, WardsAuto.com reported.

Roger Gilroy | Staff Reporter
February 7, 2019

Transport Topics Podcasts

RoadSigns podcast

Check out the latest podcast episodes of our RoadSigns and LiveOnWeb programs. Episode 2 of our Season Intersession of RoadSigns, "Is Trucking Charging Toward an Electric Reality?" is now available. Check back here often as new content is always being added!

Transport Topics
January 3, 2019
Government, Business, Technology, Equipment

Polar Vortex Exposed Range Limitations of Electric Car Batteries, AAA Says

Cars Shannon VanRaes/Bloomberg News

DETROIT — Cold temperatures can sap electric car batteries, temporarily reducing their range by more than 40% when interior heaters are used, a new study found.

Tom Krisher | AP Auto Writer
February 7, 2019
Government, Business, Technology, Safety, Autonomous

Infrastructure Stakeholders to Congress: Fix the Highway Trust Fund

Highway Trust Fund UPS Freight President Rich McArdle. (House Committee on Transportation & Infrastructure via YouTube)

Nearly a dozen stakeholders representing local governments and the freight and commuter sectors on Feb. 7 urged a House transportation panel to identify a sustainable source of funding for an infrastructure bill.

Eugene Mulero | Staff Reporter
February 7, 2019
Business, Technology

Brixey & Meyer Capital Acquires CityDash

Investment firm Brixey & Meyer Capital announced it has acquired CityDash, a company based in Cincinnati that offers local and regional delivery services for packages and freight.

February 7, 2019
Business, Logistics

Americold Acquires PortFresh Warehouse, Plans Port of Savannah Expansion

An Americold cold-storage warehouse An Americold cold-storage warehouse. The $35 million acquisition of PortFresh will increase Americold's footprint at the Port of Savannah in Georgia. (Americold)

Cold storage warehouse operator Americold acquired PortFresh Holdings in Savannah, Ga., and said it will build a 15 million-square-foot cold storage facility on an adjacent site as part of a move to increase the firm’s share of the market for food imports and exports at the Port of Savannah.

Daniel P. Bearth | Staff Writer
February 7, 2019
Government, Business, Logistics

Amazon Cuts Deal to Unfreeze Suspended Product Listings in India

Warehouse Ruhani Kaur/Bloomberg News

Amazon.com resurrected thousands of suspended product listings in India by selling much of its stake in top local venture partner Cloudtail, a hastily arranged deal intended to comply with stringent new e-commerce regulations that upended the market.

Saritha Rai | Bloomberg News
February 7, 2019
Business

DSV Says Takeover Goal ‘Not Dead’ as Panalpina Speculation Grows

DSV Truck Carsten Snejbjerg/Bloomberg News

DSV A/S, one of the world’s biggest freight forwarding companies, will pursue a plan to take over Panalpina even after the Swiss company’s biggest shareholder made clear it’s opposed to the tie-up.

Christian Wienberg | Bloomberg News
February 7, 2019
Business, Logistics

Steel Expected to Struggle on China Tariffs

Steel Rolls of steel (Cole Burston/Associated Press)

After two years of bumper profits, the steel industry is entering a slowdown. ArcelorMittal, as well as smaller European producers like Salzgitter AG and Voestalpine AG, are sounding the alarm about weakening conditions, particularly in China. The country, which uses about half of the world’s steel, is now expected to see a drop in demand, the first contraction since 2015.

Elena Mazneva | Bloomberg News
February 7, 2019
Business, Logistics, Top 100

Mullen Group Takes Hit From Downturn in Oil Field Services

A Mullen heavy-haul truck. Mullen Trucking Corp.

Mullen Group reported higher revenue and profits in the fourth quarter of 2018 despite a “market meltdown” caused by falling oil prices that curtailed demand for transportation services as the year ended.

Daniel P. Bearth | Staff Writer
February 7, 2019
Government, Business, Logistics, TCA

Port Authority in Pittsburgh Seeks $3 Million From Norfolk Southern for Derailment Costs

Norfolk Southern Gene J. Puskar/Associated Press

The Port Authority of Allegheny County in Pennsylvania is asking Norfolk Southern Corp. for $3 million to reimburse costs incurred during the August derailment at Station Square that disrupted light rail traffic for nearly three weeks.

Megan Guza | The Tribune Review (Greensburg, Pa.)
February 7, 2019

Pages