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, Fuel, TCA

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.

Matt Sanctis | Dayton (Ohio) Daily News
August 1, 2018
Government, Business

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.

Christopher Rugaber | Associated Press
August 1, 2018
Business, Technology

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, 2018
Business

Booming Freight Market Boosts C.H. Robinson Profits, Revenue

Truckers aren’t the only ones benefiting from strong freight-hauling demand.

Daniel P. Bearth | Staff Writer
July 31, 2018
Government, Business

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.

July 31, 2018
Business, Equipment

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.

Roger Gilroy | Senior Reporter
July 31, 2018
Government, Business

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.

David McHugh | Associated Press
July 31, 2018
Government, Business, Technology

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.

Roger Gilroy | Senior Reporter
July 31, 2018
Business

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.

Roger Gilroy | Senior Reporter
July 31, 2018
Business

David Graziosi Assumes CEO Role at Allison

Allison Transmission announced David Graziosi has begun serving as CEO.

July 31, 2018