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.
Mack Announces Command Steer at 2020 TMC
Mack Trucks announced an active steering option, Command Steer, for its Anthem models that monitors road conditions at nearly 2,000 times per second using truck-mounted sensors to help maintain directional stability, for instance, on rough roads, in high winds or during blowouts. Transport Topics senior reporter Roger Gilroy reports.
February 26, 2020Experts Identify Benefits, Challenges of Battery Power
ATLANTA — The effectiveness of lithium batteries depends on a host of issues for trucking industry representatives to consider, according to a panel of experts.
Michigan Governor Signs Orders to Advance Mobility
DETROIT — Michigan Gov. Gretchen Whitmer signed executive orders Feb. 25 to create a council on future mobility and electrification, establish the Michigan Office of Future Mobility and to appoint a chief mobility officer.
AIRman Unveils Automated System for Trailer Landing Gear
ATLANTA — AIRman Products has unveiled an automated cranking system that eliminates the manual labor required to raise and lower a trailer’s landing gear.
Peugeot Maker Sees Record Profit, but Coronavirus Clouds Horizon
PARIS — Despite record profits last year, Peugeot maker PSA Group said Feb. 26 it lost 700 million euros ($760 million) in China — and that was before the new virus hit a key manufacturing center.
February 26, 2020Lowe’s Sales Trail Estimates Despite Strong Housing Market
Lowe’s Cos. reported two key sales measures that missed analysts’ estimates last quarter despite a buoyant U.S. housing market.
Moody’s Downgrades Auto Sales Forecast on Coronavirus Fears
FRANKFURT, Germany — Ratings agency Moody’s is lowering its forecast for global auto sales because of the new coronavirus outbreak.
February 26, 2020Army Corps to Hold Hearing on Proposed Battery Plant at Lordstown, Ohio
Plans to build a $2.3 billion electric battery assembly plant near General Motors Corp.’s shuttered automobile plant in Lordstown, Ohio, will be reviewed during a March 12 public hearing in Lordstown.
Second Coast-to-Coast Trek Planned for Shell Starship Initiative Truck
ATLANTA — Shell Lubricants is planning a second coast-to-coast run for its Starship Initiative truck, which is designed to study and test fuel-saving technologies for heavy-duty trucks.
Ford COO Sees 2009 Crisis Flashback on Faces of Colleagues
Ford Motor Co.’s recently appointed chief operating officer said the struggling automaker is operating with the same sense of urgency and crisis that kept the company out of bankruptcy a decade ago.