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.
Port of Corpus Christi, Carlyle Group to Partner on Texas Terminal
The Port of Corpus Christi and investment firm The Carlyle Group will team to develop an inland crude oil export terminal for some of the world’s largest oil tankers.
Transportation Funding Questions to Appear on State Midterm Ballots
As midterm elections draw near, voters in several states will face ballot questions related to transportation revenue at the polls Nov. 6.
TAEC Leadership Award Goes to Arkansas Trucking Association President Shannon Newton
AUSTIN, Texas — Shannon Newton, president of the Arkansas Trucking Association, received American Trucking Associations’ President’s Trucking Association Executives Council Leadership Award on Oct. 29, during the federation’s Management Conference & Exhibition here.
Ebix Acquires Stake in India-Based B2B Marketplace
EbixCash, a software and e-commerce service provider, has acquired a 67% stake in Routier, an India-based business-to-business marketplace for trucking logistics. The investment indicates an effort to capitalize on India’s rapidly growing logistics market.
October 29, 2018Infrastructure Failing as Funding Remains Elusive, Experts Say
AUSTIN, Texas — The Highway Trust Fund, struggling to stay relevant amid a shifting transportation environment, can be fixed with more money flowing in from fuel sales, trucking industry experts said as they advocated for repairing and expanding the nation’s infrastructure.
EPA Honors 21 ATA Members With SmartWay Excellence Awards
AUSTIN, Texas — Twenty-one American Trucking Associations members received the U.S. Environmental Protection Agency’s SmartWay Excellence Award.
Peterbilt Announces Updates to Paccar Engines
AUSTIN, Texas — Peterbilt Motors Co. announced from the American Trucking Associations Management Conference & Exhibition here that it will offer two new ratings on the MX-13 engine for the 2019 model year: a 455-horsepower “multitorque” version with variable torque ratings of 1,650 and 1,850 pound-feet, and a 405-horsepower version with 1,650 pound-feet of torque.
Dana Posts 38% Jump in Third-Quarter Net Income
Supplier Dana Inc. reported third-quarter net income surged and revenue climbed higher amid strength in three of its four business units.
UPS, Walmart Find Electric Vehicles Offer Benefits, Opportunities
OAKLAND, Calif. — Representatives from UPS Inc. and Walmart Inc., two of the country’s largest fleets, said electric vehicles can provide environmental, economic and community benefits, which make efforts to work through challenges surrounding duty cycle, charging infrastructure and cost worthwhile.
Collaboration Needed for Electric Vehicle Market to Thrive, Experts Say
OAKLAND, Calif. — A strong collaboration among all parties involved in the life cycle of electric vehicles, including original equipment manufacturers, fleets and utilities, is needed to advance the technologies.