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.
Diesel Increases 2.2¢ to $3.169 a Gallon
The U.S. average retail price of diesel climbed 2.2 cents to $3.169 a gallon, as crude oil stabilized around $63 per barrel, the U.S. Department of Energy reported April 29.
Celadon Group Sells Intermodal Operations to Bison Transport
Celadon Group Inc. sold its North American container-on-flatcar intermodal operations to Bison Transport of Winnipeg, Manitoba, according to an April 26 press release.
April 29, 2019Wabco Reports Declines in 1Q
Wabco Holdings Inc. reported lower first-quarter net income and revenue as truck and trailer production declined globally.
April 29, 2019CARB Staff White Paper: Significant Reductions in NOx ‘Technically Achievable and Cost-Effective’ for MY 2024 Heavy Trucks
Research from the staff of the California Air Resources Board concludes that the regulatory agency’s call for significant reductions in nitrogen oxide emissions are “technically achievable and cost-effective” for model year 2024 heavy trucks.
Farmer Income Drops Most Since First Quarter of 2016
Personal income for farmers fell by the most in three years in the first quarter, as losses to U.S. agriculture mount from President Donald Trump’s trade wars.
Tesla’s Key Inventory Figure Tops $2 Billion for First Time
The value of Tesla Inc.’s finished goods inventory, which includes vehicles available for sale, exceeded $2 billion for the first time as the Model 3 sedan began overseas deliveries.
Shanghai Tesla Factory Key to CEO Elon Musk’s Ambitions
Three months after groundbreaking, Tesla Inc. is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalize on growing demand in the world’s largest electric car market.
Fiat Chrysler CEO Mike Manley ‘100% Sure’ Carmaker Can Survive Tech Disruption
Fiat Chrysler Automobiles NV is a “house of brands,” and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is facing from the rise of electric and self-driving cars, according to CEO Mike Manley.
C.R. England Settles Lawsuit Over Lease-to-Own Program
C.R. England Inc. has reached a $37.8 million settlement with a group of drivers who claim the company fraudulently recruited them to participate in a truck lease-to-own program and then saddled them with high-interest loans that made it difficult to succeed.
Optimism High Ahead of Leaders' Infrastructure Meeting at White House
Members of Congress return to Capitol Hill to find their leaders pursuing an agenda that’s not about immigration or impeachment politics. President Donald Trump is expected to break from his Mueller report victory lap for a meeting April 30 with Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer (D) to tackle infrastructure.