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.
Wabash Reports Mixed Q4 Results, Record 2019 Revenue
Trailer maker Wabash National Corp. reported higher fourth-quarter net income and lower revenue, although full-year revenue set a record.
FMCSA Final Rule Calls for Reduced Commercial Vehicle Registration Fees
The Federal Motor Carrier Safety Administration has issued a final rule that continues to reduce commercial vehicle registration fees in 2020 and 2021, the agency announced Feb. 12.
Class 8 Sales Tumble in January as Fleets Grow More Cautious
Class 8 U.S. retail sales in January dropped below 16,000 for the first time since January 2018, WardsAuto .com reported, as a cautious industry waited to see what changes in the freight environment.
Trump to Meet With Cuomo Over New York Trusted Traveler Ban
President Donald Trump will meet with New York Gov. Andrew Cuomo to discuss a potential compromise on the administration’s ban on state residents using programs that allow travelers to breeze through airport passport and customs checks.
Cummins Top Overall Supplier of Class 8 Engines in 2019
Independent engine maker Cummins Inc. supplied the most Class 8 diesel engines in 2019.
Electric VNR Models to Hit Streets as VTNA, Partners Accelerate EV Program
FONTANA, Calif. — Volvo Trucks North America provided the first rides in its forthcoming electric VNR model, and its partners in the Volvo LIGHTS project provided an update on efforts underway to accelerate adoption of electric trucks during a Feb. 11 media event.
Gridlocked Maine Panel Could Punt Transportation Funding Fix
A commission looking to solve Maine’s persistent transportation funding shortfall broke down in a Feb. 11 hearing, with frustrated members saying it should punt its work to 2021 — or to voters — amid differences over budget transfers and the gas tax.
Oil Extends Rally Above $50 Amid Signs Virus Spread Is Easing
Oil extended its rebound above $50 a barrel as tentative signs that Asia’s coronavirus may be easing spurred speculation that the worst of crude’s sell-off could have passed.
Nissan Sues Ghosn in Japan, Seeks $91 Million in Damages
Nissan Motor Co. is stepping up its pursuit of claims against former Chairman Carlos Ghosn, suing for 10 billion yen ($91 million) in damages from the former leader of the Japanese automaker and its alliance with Renault SA.
ATA Among Trucking Stakeholders Asking Appeals Court to Rehear Walmart Case
Walmart should not be required to pay a large court-certified class of its California truck drivers $54 million for layovers, rest breaks and pre-trip and post-trip inspections, according to an amicus curiae brief filed with the 9th U.S. Circuit Court of Appeals by two large trucking trade organizations and a pair of large motor carriers.