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.
June Class 8 Sales Improve Amid Softer Freight Market
U.S. Class 8 retail sales in June improved to climb above 23,000 units, WardsAuto.com reported. They landed against the backdrop of a freight environment that is weakening this year and already is served by too many trucks, other analysts said.
Volvo Posts Record Quarterly Revenue in 2Q
Volvo Group posted higher net income in the second quarter on the strength of record sales and increased truck deliveries.
Renault’s Senard Plays Down Potential for Nissan, Fiat Mergers
Renault SA Chairman Jean-Dominique Senard appears to have put merger considerations on the backburner as longstanding partner Nissan Motor Co. needs time for a turnaround and a failed deal with rival Fiat Chrysler Automobiles NV remains “dead.”
Volvo Quarterly Earnings Surge as North America Deliveries Jump
Volvo Group’s second-quarter earnings beat analyst expectations, as truck deliveries rose and the company increased its market forecasts for North America and Europe this year.
Machines, Software May Be Best Bet to Conquer Final Mile, Experts Say
More than five years after a Christmas season in which UPS Inc. and Amazon.com offered refunds for late shipments, final-mile delivery still has plenty of kinks.
Experts: As a Funding Tool, Tolling May Benefit From an Image Shift
WASHINGTON — Transportation experts said recasting tolling’s image from an unpopular fundraising mechanism may increase its attractiveness to the public.
Industry Leaders Express Cautious Optimism Over Senate EPW Bill
WASHINGTON — The Senate Environment and Public Works Committee’s forthcoming highway policy bill will serve as an important first step on the legislative journey to reauthorize the Fixing America’s Surface Transportation Act, industry experts said.
FMCSA Proposes Two-Year Delay of Entry-Level Driver Training Rule Due to IT Glitches
Federal trucking regulators have proposed a two-year delay for compliance with certain provisions in the Entry Level Driver Training rule to allow more time for development of the secure electronic transfer of information to the certified training provider registry and state driver licensing agencies.
Transportation Investment Bills Can Succeed With Officials’ Support, Experts Say
WASHINGTON — Support from state and local officials is vital for the success of transportation funding measures, according to road building experts.
Peloton to Develop System for Driverless Following Truck in Platooning
Peloton Technology Inc. announced it is expanding its vision for truck platooning and driver productivity.