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.
Report Urges Trucking Regulators to Evaluate Fuel-Efficiency, GHG Emissions Standards
A new study by the National Academy of Sciences urges federal regulators to conduct an “interim evaluation” of the federal medium- and heavy-duty truck Phase 2 greenhouse gas and economy rule with an eye toward more stringent standards.
Rush Enterprises Reports Mixed Q3 Results
Rush Enterprises Inc., with more than 100 truck dealership locations in 22 states, reported net income eased a bit while revenue rose in the third quarter as it notched nearly 6% of all new Class 8 sales nationally.
Average Used Class 8 Price Drops 6.9% in September
The price of the average used Class 8 truck sold in September dropped below year-ago levels for the second consecutive month as sales fell, too, ACT Research reported.
How Indiana Got to the ‘I-69 Finish Line’
The Indiana Department of Transportation has dubbed Section 6 of the Interstate 69 project the “I-69 Finish Line.”
Truck Makers Face Nearly $1 Billion in Price-Fixing Claims
Daimler AG, Volvo AB and other truck makers should be ordered to pay 867 million euro ($965 million) over a price-fixing cartel, according to lawyers in Germany for companies that were overcharged.
Tesla Shares Soar as Elon Musk Packs Profit Report With Positives
Elon Musk flipped the script on those who doubted Tesla Inc. could return to profitability and meet aggressive timelines, delivering positive earnings few saw coming and declaring he’s ahead of schedule on a new plant and product.
Daimler Rides Cars, Vans to Earnings, Revenue Gains
Daimler AG reported higher net income and revenue as sales of cars and vans rose, while truck sales globally fell 8% in the third quarter.
Ford Cuts 2019 Outlook
Ford Motor Co., struggling to roll out its redesigned Explorer sport-utility vehicle, cut its full-year forecast by $500 million, in a sign an $11 billion restructuring by Chief Executive Officer Jim Hackett will take more time before a promised payoff.
Virginia Board Approves I-81 Improvement Projects
Virginia’s Commonwealth Transportation Board recently approved 31 projects for the Interstate 81 Corridor Improvement Program.
San Diego MTS Launches $12.5 Million Electric Bus Pilot Program
Transit officials in San Diego are rolling out a new $12.5 million pilot program to test the region’s first electric buses.