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.
End of Diesel Engines Is In Sight, Daimler’s Roger Nielsen Says
LONG BEACH, Calif. — The beginning of the end is here for the internal-combustion truck engine, said Roger Nielsen, CEO of Daimler Trucks North America, the largest truck manufacturer on the continent.
Landstar System Reports Record Per-Share Result in First Quarter
Landstar System on April 24 reported a record first-quarter earnings per share price of $1.58 on net income of $63.3 million, which compares with $1.37 per share on income of $57.5 million during the same period a year ago — beating Wall Street expectations.
Volvo Rides Higher Truck Revenue to First-Quarter Gains
AB Volvo reported first-quarter net income and revenue rose as it brought in more money from truck sales in all markets.
Kenworth Chillicothe Plant Initiates $140 Million Expansion
CHILLICOTHE, Ohio — Kenworth Truck Co. on April 24 broke ground to officially start construction on a $140 million, 120,000-square-foot paint facility addition to its Class 8 truck assembly plant.
April 24, 2019CP Railroad Cites Extreme Weather as Factor in 1Q Earnings
Canadian Pacific Railway Ltd. said its first-quarter net income and revenue surged, bolstered by gains in the freight sector.
New York City to Limit Cars, Trucks on 14th Street in Traffic-Cutting Experiment
In an 18-month experiment, the city plans to limit car and truck traffic from a six-block stretch of the road, establishing a corridor featuring express buses, wide bike lanes and pedestrian-friendly walkways. The bus service will start in June.
BASF, Trimac Invest in New Bulk Freight-Matching Platform Bulky
The world’s largest chemical shipper and one of the largest bulk carriers in North America are investing $1 million in what they say is the first digital freight-matching network for shipping liquid bulk commodities by truck.
Walmart Creates Supply Chain to Stock 500 US Stores With Angus Beef
Walmart, The nation’s biggest grocer has partnered with a Texas cattle rancher and other industry-related businesses to provide a steady supply of no-hormone-added Angus beef to 500 of its U.S. stores beginning later this year.
Allison Reports Increased Net Income, Revenue in First Quarter
Allison Transmission Holdings Inc. reported higher first-quarter net profit and revenue amid strength in the North American On-Highway market.
New Division, Same Aim for Defending Tennessee Champion Phil Shelton
The Tennessee Trucking Association is ready for the state’s Super Bowl of safety, and reigning Grand Champion Phil Shelton of Walmart Transportation is returning to defend his title.