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.
Uber Aims for $84 Billion Valuation in Year’s Largest IPO
Uber Technologies Inc. is seeking to raise as much as $9 billion in an initial public offering that could give the No. 1 ride-hailing company a market valuation of as much as $84 billion.
Forward Air Reports Record Revenue, Profit in 1Q
Forward Air Corp. reported record revenue and net income when the Greeneville, Tenn.-based carrier announced first-quarter earnings April 24.
Continental Sticks to Powertrain IPO Plan Amid Profit Slump
Continental AG is moving ahead with plans to carve out its powertrain division while postponing a final decision, as the German auto-parts maker adapts to the disruptive and costly shift to self-driving electric cars.
Construction Groups Launch Ad Campaign Supporting Connecticut Tolls
A coalition of groups representing the building and construction industries has launched an advertising campaign in support of Gov. Ned Lamont’s plan for electronic tolling in Connecticut. Move CT Forward’s 30-second advertisement casts tolls as a more favorable fundraising option than borrowing billions of dollars, raising the fuel tax or doing nothing.
Daimler 1Q Net Income Dips, Revenue Flat
Daimler AG reported first-quarter net income dipped and revenue was flat amid a range of constraining factors affecting cash flow, and despite gains in truck sales.
Growth of 3.2% Tops Forecasts on Trade, Inventory Boost
Economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.
Fleets Conduct Real-Life Tests Before Committing to New Tires
Improvements to truck tire technology in recent years have created a collection of products that manufacturers often tout as their most advanced, longest-wearing and most fuel-efficient tires ever. But many motor carriers choose to analyze those factory-tested claims in their own real-life settings before committing to adding the products to their entire fleet.
Dealers Tackle Parts Shortage
Dealerships and fleets are changing stocking patterns for replacement parts and adding inventory as they work to minimize truck downtime amid widespread shortages of some truck parts.
Telematics Has a Key Role in Trucking Filtration
The advent of modern truck telematics has changed how fleets determine when filter or other services are needed — and when quick action is necessary to prevent potential engine damage or failure, a fleet maintenance executive said.
April 26, 2019Remote Diagnostics to the Rescue
Remote diagnostics systems available on modern trucks are helping fleets avoid costly repairs and reduce vehicle downtime, and this technology is rapidly advancing toward offering better predictions of when problems might occur.
April 26, 2019