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.
North American 'Road Blitz' Puts 683 Hazmat Trucks Out of Service
For the first time, the United States and Mexico joined Canada in a weeklong hazardous materials “road blitz” enforcement event, placing more than 7.4% of trucks inspected out-of-service for transportation of dangerous goods or hazmat violations, the Commercial Vehicle Safety Alliance said on Oct. 29.
Eaton Debuts Heavy-Duty EV Transmission
ATLANTA — Eaton Corp. has unveiled a transmission specifically designed for electric heavy-duty commercial vehicle applications, and is targeting the unit to segments such as port drayage and pickup and delivery where it sees rising demand in North America, Europe and China.
Maxion Wheels Debuts Light Wheel, Aerodynamic Cover
ATLANTA — An optimized design feature led to the production of a wheel weighing in at 64 pounds, one of the new products Maxion Wheels debuted at the North American Commercial Vehicle Show.
Hendrickson Unveils Heavier-Duty Suspension Haulmaax EX
ATLANTA — Hendrickson introduced a heavier-duty version of its Haulmaax rubber suspension at the North American Commercial Vehicle Show here.
Peterbilt Adds New Features to Meet Market Returning to Normal Demand
ATLANTA — Peterbilt Motors Co. announced a range of initiatives related to safety, electric vehicles, operational enhancements and its dealers.
Consumer Confidence Falls for Third Consecutive Month
WASHINGTON — U.S. consumer confidence has fallen for a third consecutive month as optimism about job prospects and business conditions down the road grow weaker.
CEOs of Dana, Wabash Say Their Role Is to Embrace Innovation
ATLANTA — Broad, innovative change is at hand for the commercial vehicle industry, and this moment has executives’ full attention, a pair of CEOs of large suppliers said.
Convoy Tries to Navigate Some Uber-Scale Problems
Convoy risks drawing comparisons to Uber in less flattering ways: drivers grousing about getting squeezed and a business model that has yet to turn a profit.
Amazon’s Transportation Costs Surge in Q3; Financial Results Mixed
Amazon.com’s shipping costs skyrocketed 46% year-over-year in the third quarter to a record $9.6 billion, an increase of more than $500 million over what the online retail giant spent during the same period in 2018.
Report: Saudi Aramco Shares to Start Trading in December
RIYADH, Saudi Arabia — The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December, a Saudi-owned satellite news channel reported Oct. 29 as the kingdom’s marquee investment forum got underway.