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.
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, 2019BP, 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.
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.
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, 2019Paccar 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, 2019New-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.
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.
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, 2019Daimler 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.
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.