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, Equipment

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.

Joe Antoshak | Staff Writer
October 30, 2018
Business

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, 2018
Government, Business

Transportation 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.

Eugene Mulero | Senior Reporter
October 30, 2018
Government, Business, Technology

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.

Seth Clevenger | Managing Editor, Features and Multimedia
October 30, 2018
Business, Equipment

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, 2018
Business

Canadian 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.

Daniel P. Bearth | Staff Writer
October 30, 2018
Business, Equipment

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.

Joe Antoshak | Staff Writer
October 30, 2018
Government, Business, Technology, Safety

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.

Dan Ronan | Senior Reporter
October 30, 2018
Business, Technology

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.

Joe Howard | Executive Editor
October 30, 2018
Government, Business

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.

Paul Wiseman | Associated Press
October 30, 2018