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.
Marathon Reports $1 Billion in 2Q Earnings
Marathon executives touted earnings of more than a billion dollars in the second quarter this year and said the oil company is making progress in a proposed merger with a Texas-based refiner.
ADP Survey: US Companies Add 219,000 Jobs in July
WASHINGTON — U.S. businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers still are able to find the workers they need despite the low unemployment rate.
Trucking Industry Confronts Growing Threat of Ransomware
Security experts had long warned the transportation industry was a major target for cyberattacks — then, a bombshell malware incident levied against international ocean shipper A.P. Moller Maersk publicly laid bare what was at stake.
August 1, 2018Booming Freight Market Boosts C.H. Robinson Profits, Revenue
Truckers aren’t the only ones benefiting from strong freight-hauling demand.
US, Mexico Close to a Deal in NAFTA Car Talks, Sources Say
The United States and Mexico are in the final stages of negotiating a deal on rules for cars sold under NAFTA, one of the biggest sticking points in discussions to overhaul the North American Free Trade Agreement, according to five people familiar with the talks.
Eaton Posts 2Q Gains in Net Income, Revenue
Power management company Eaton Corp. notched a double-digit gain in net income during the second quarter amid its highest quarterly rate of sales growth in nearly seven years.
European Economic Expansion Slows Amid Trade Fears
FRANKFURT, Germany — Europe’s economic upswing slowed further in the second quarter amid concerns over global trade disputes that have seen the world’s major powers impose new tariffs on each other.
Cummins Recalls 500,000 Trucks for Emission Control Catalyst Failures
In the most far-reaching effort of its kind, engine maker Cummins Inc. announced it will voluntarily recall 500,000 model-year 2010-15 medium- and heavy-duty trucks to replace a defective catalyst in the emissions control system.
Cummins Reports Record Revenue, Earnings Per Share in 2Q
Engine maker Cummins Inc. posted record revenue and earnings per share in the second quarter as demand for trucks and construction, mining and power generation equipment all improved.
David Graziosi Assumes CEO Role at Allison
Allison Transmission announced David Graziosi has begun serving as CEO.
July 31, 2018