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.
Illinois Leaders Unveil $21.3 Billion Infrastructure Plan
Illinois Gov. Jay “J.B.” Pritzker recently announced a $21.3 billion plan to improve roads and bridges throughout the state.
Mack Launches Initial Production of New Medium-Duty Models
Mack Trucks reported initial production of its MD Series of medium-duty trucks has begun at its Roanoke Valley Operations facility in Salem, Va.
July 27, 2020Union Pacific Posts Profit, Revenue Declines in Q2
Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.
World’s Supply Chain May Not Be Ready for COVID-19 Vaccine
The industries that shepherd goods around the world on ships and planes acknowledge they aren’t ready to handle the challenges of shipping an eventual COVID-19 vaccine from drugmakers to billions of people.
Orders for Big-Ticket Manufactured Goods Jump 7.3% in June
Orders for big-ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the coronavirus pandemic.
Trailer-Tracking Unit Furthers VHub Telematics Integration
Digital asset-sharing platform vHub announced that its integration of telematics offerings now includes the TrackLight taillamp GPS trailer-tracking solution from Anytrek and the 4W Telematics trailer tracking system.
July 27, 2020CSX Earnings Slump in Q2 Amid COVID-19 Pandemic
CSX Corp. became the latest Class I freight railroad to report lower earnings because of the COVID-19 pandemic when it reported second-quarter results July 22.
Mullen Reports Decline in Q2 Net Income
Mullen Group Ltd. posted a second-quarter profit, albeit at a lower level than a year earlier, as it benefited from e-commerce shipments even as the motor carrier’s sales to the energy industry declined.
Ryder Offers Workhorse Electric Step Van
Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.
July 24, 2020Penske to Add Another Freightliner eM2 in Southern California
Penske Truck Leasing announced it is working with EnerSys to put another battery-electric, medium-duty Freightliner eM2 into service.
July 24, 2020