Business

About Business News...

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.

Business, Technology, Equipment, Fuel

Heil Adds 5-Axle Petroleum Trailer

Heil Trailer International Co. has announced the availability of a 5-axle, 12,000-gallon petroleum trailer intended to enable customers in the Western United States to haul more in fewer runs.

March 29, 2019
Business, Fuel

BP, Shell Both Claim to Be No. 1 in Investor Returns

Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric — taking first place was a significant element in the doubling of Shell CEO Ben van Beurden’s pay last year.

Kelly Gilblom | Bloomberg News
March 29, 2019
Business, Logistics

Fiat Cuts 1,500 Jobs as Canada Plant Reduces Minivan Output

Fiat Chrysler Automobiles NV is cutting about 1,500 jobs at a factory in Canada that’s scaling back production due to slowing minivan sales.

Chester Dawson | Bloomberg News
March 29, 2019
Government, Business

Consumer Sentiment Rose More Than First Reported in March

U.S. consumer sentiment climbed in March by more than initially reported as views grew rosier about current economic conditions.

March 29, 2019
Business, Equipment, Top 100

Paccar Reaches Milestone With MX Engine

Paccar Inc.’s engine plant in Columbus, Miss., reached a milestone recently by producing its 200,000th MX engine for the North American market.

March 29, 2019
Business, Equipment

New-Home Sales Rebound in February, Exceeding Estimates

Sales of new U.S. homes rebounded to the best pace in almost a year and exceeded estimates in February, led by the Midwest, as lower mortgage costs helped buyers afford properties.

Katia Dmitrieva | Bloomberg News
March 29, 2019
Business, Technology, Equipment, Safety

BFGoodrich Unveils Two New Truck Tires at MATS

LOUISVILLE, Ky. ­— BFGoodrich unveiled two new trucking tires at the 48th Mid-America Trucking Show, one for the steering axle and one for the trailer axle, designed to enhance longhaul, tanker, refrigerated and dry van models.

Jim Stinson | Staff Reporter
March 29, 2019
Business, Technology, Autonomous, Editorial

Editorial: Joining Forces for the Future

Journalists love it when big news breaks. As last week drew to a close, two significant deals involving major players in the commercial truck industry made headlines and landed on the front page of the April 1 issue of Transport Topics.

March 29, 2019
Business, Technology, Safety, Autonomous

Daimler Acquires Majority Stake in Torc Robotics to Boost Development of Self-Driving Trucks

Daimler Trucks has agreed to acquire a majority stake in autonomous vehicle pioneer Torc Robotics and will join forces with the technology firm to develop highly automated trucks for the U.S. market.

Seth Clevenger | Managing Editor, Features and Multimedia
March 29, 2019
Government, Business, Technology

FMCSA Updates Truckers on Parking, Drug and Alcohol Clearinghouse Issues

LOUISVILLE, Ky. — A top Federal Motor Carrier Safety Administration official updated truckers on the agency’s efforts to mitigate parking problems and the obligations for drivers as the agency moves toward implementation of the drug and alcohol clearinghouse rule.

Eric Miller | Senior Reporter
March 28, 2019