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.
Cummins Reports Record Earnings in Third Quarter
Cummins Inc. posted record profits and a 12% jump in revenue for the third quarter as demand for trucks, construction and power generation equipment improved.
Barry Pottle Elected ATA’s 74th Chairman
Barry Pottle, CEO of Pottle’s Transportation of Bangor, Maine, has been elected by American Trucking Associations’ board of directors to serve as the federation’s 74th chairman.
October 30, 2018Transportation Candidates Tout Infrastructure Bona Fides in Midterm Bids
Transportation policy is rarely discussed in the national political arena this fall, but some candidates with seats on key freight committees are in high-profile contests.
Drivewyze Adds Data Reporting Service, Expands Weigh-Station Bypass Network
AUSTIN, Texas — Drivewyze Inc., provider of the PreClear weigh-station bypass service, has launched an analytics and reporting tool aimed at helping fleets better understand their safety and inspection data.
Dickinson Fleet Services Grows South Florida Presence
Fleet maintenance and management company Dickinson Fleet Services has acquired Fleet Technology & Maintenance Corp. and Truck City Body Co.
October 30, 2018Canadian National Railway Agrees to Buy TransX Group
Canadian National Railway has reached an agreement to buy the TransX Group of Cos. in Winnipeg, Manitoba, from founder and CEO Louie Tolaini.
Allison’s Net Income Jumps 50% in Third Quarter
Supplier Allison Transmission posted sizable third-quarter gains in net sales and net income, exceeding expectations and leading to projections that 2018 will be a record year for the company.
Driver Shortage Repeats as Top Concern in ATRI Industry Survey
AUSTIN, Texas — For the second year in a row, the national shortage of qualified truck drivers is considered the industry’s most pressing concern, according to an annual report prepared by the American Transportation Research Institute.
SmartDrive, Geotab Announce Data Integration Agreement
AUSTIN, Texas — Video-safety company SmartDrive Systems and telematics provider Geotab have announced a collaboration through which information collected via SmartDrive’s data collection hub can be used with Geotab’s mobile app for a variety of compliance and productivity services, the companies announced here.
Consumer Spirits Rise to 18-Year High
WASHINGTON — U.S. consumer confidence rose again this month, hitting a new 18-year high. The Conference Board said Oct. 30 that its consumer confidence index climbed to 137.9 in October from 135.3 in September. Both readings are the highest since September 2000.