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.
TFI International Reports Improved Second-Quarter Earnings
Canadian transportation and logistics company TFI International reported second-quarter net income of C$80.4 million, or 89 cents per share, a significant turnaround from last year when TFI reported a quarterly loss of $75 million, or 82 cents per share.
Cummins Marks Milestone With 2 Millionth Engine
Cummins Inc. announced the production of its 2 millionth engine, an X15, at the Jamestown (N.Y.) Engine Plant.
July 27, 2018Meal, Rest Break Provision Likely to Reach Senate Floor in Coming Weeks
A bill that would reauthorize the country’s aviation programs that includes a key trucking provision is expected to reach the Senate floor as early as this summer, the measure’s sponsor indicated July 24.
Bosselman Adds Bandag Retreads
Bosselman Boss Truck Shops Inc. announced it has partnered with Bandag, a business unit of Bridgestone Americas Inc., to provide Bandag retreads at all Boss Truck Shops locations.
July 27, 2018Texas City Cracks Down on Truck Route Violators
An ordinance prohibiting commercial motor vehicles from traveling in the Odessa, Texas, city limits is beginning to show its effect, as five truckers were found guilty of violating the law July 25.
Chassis Pool OK’d for Georgia, South Carolina Ports
The creation of a common chassis pool by the port authorities for Georgia and South Carolina will go forward.
EPA Reverses Course, Will Enforce Rule Limiting Production of Glider Trucks
U.S. Environmental Protection Agency acting Administrator Andrew Wheeler has reversed a controversial decision made earlier this month that would have allowed the proliferation of glider kit trucks until the end of 2019.
Wabco Opens First North American Customer Care Center
Commercial vehicle supplier Wabco Holdings Inc. opened its first North America Customer Care Center, providing full support for the portfolio of Wabco products sold in the region.
July 27, 2018US Economy Surges to 4.1% Growth Rate in 2Q
WASHINGTON — The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1%. That’s the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ahead of retaliatory tariffs.
Love’s Expands in Kansas
Love’s Travel Stops & Country Stores opened a travel stop in Abilene, Kan., at exit 272 along Interstate 70. The site includes 74 truck-parking spots, five showers, laundry facilities and a Love’s Truck Tire Care center.
July 27, 2018