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, Safety

Goodyear Digital System Shows 15% of Truck Tires Need Service

GRAPEVINE, Texas — Goodyear Tire and Rubber Co. said during a customer event here that internal data has found that 15% to 18% of truck tires are either underinflated or have other safety-related issues.

Dan Ronan | Senior Reporter
February 6, 2019
Business, Equipment, Logistics, TCA

Seattle Port Finds a Partner for Major Upgrade to Terminal

On Feb. 5, officials with the Northwest Seaport Alliance, the joint venture between the ports of Seattle and Tacoma, unveiled a tentative deal with Seattle-based Stevedoring Services of America Terminals, one of the world’s largest terminal operators, to manage a planned “big ship” loading facility on Terminal 5, just west of Harbor Island.

Paul Roberts | The Seattle Times
February 6, 2019
Business, Top 100

ArcBest Reports Highest Yearly Revenue in Company History

For-hire carrier ArcBest reported an increase in revenue but a decline in net income for the fourth quarter of 2018.

Dan Ronan | Senior Reporter
February 6, 2019
Business, Equipment

Cummins Posts Record Annual Revenue on Engine Gains

Independent engine maker Cummins Inc. reported higher net income and set a record for annual revenue, led by gains in North America.

Roger Gilroy | Senior Reporter
February 6, 2019
Government, Business, Logistics

Intermodal Volume Growth in 2018 Best in Five Years, IANA Report Says

Driven by tight trucking capacity and the threat of tariffs, intermodal volumes increased 5.6% in 2018, their highest growth in five years, according to the Intermodal Association of North America’s annual report.

Jim Stinson | Staff Reporter
February 6, 2019
Business, Technology

Elon Musk Tweet Sparks Mercedes-Tesla Talks Over Electric Van Project

Elon Musk’s praise for Daimler AG’s Mercedes-Benz Sprinter van triggered talks between the German manufacturer and Tesla Inc. over potential cooperation on an electric version.

Christoph Rauwald | Bloomberg News
February 6, 2019
Business, Equipment, Fuel

Daimler Posts Lower Earnings Despite Record Truck Sales

Daimler AG, citing regulatory and trade headwinds, reported a decline in net income for the fourth quarter and full 2018 while revenue inched up in both periods amid an all-time record for global truck sales.

Roger Gilroy | Senior Reporter
February 6, 2019
Business, Technology, Equipment, Safety

Goodyear Researches Soybean Oil as Component of Truck Tires

GRAPEVINE, Texas — Within the next few years, the truck tire you buy may be manufactured in part with soybean oil instead of petroleum. At its annual Customer Care Conference, Goodyear Tire and Rubber Co. showed off some of the research that is taking place with alternative methods of tire manufacturing.

Dan Ronan | Senior Reporter
February 6, 2019
Government, Business

Trade Gap Narrows to Five-Month Low as Imports Plummet

The U.S. trade deficit narrowed in November by more than forecast to a five-month low, as imports tumbled by the most in more than two years amid an intensifying trade war.

Katia Dmitrieva | Bloomberg News
February 6, 2019
Business, Technology

FourKites Receives $50 Million in New Funding From Investors

Shipment-tracking company FourKites has collected $50 million in funding from a group of existing investors that includes August Capital, Bain Capital Ventures, CEAS Investments and Hyde Park Angels.

February 6, 2019