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.
Like Father, Like Son: Thomases Win W.Va. State Titles
Randy and Jeremy Thomas, a father-son duo driving for FedEx Freight, captured state titles in different classes at the 2018 West Virginia Truck Driving Championships, and one of them was named Grand Champion as well.
CN Railroad Reports Improved 2Q Earnings on CEO’s First Day
Just hours after being officially named by its Board of Directors as the new president and CEO of Montreal-based CN Railroad, Jean-Jacques Ruest presented an improving financial picture when the company’s second-quarter results were released July 24.
Rush Declares First Dividend as 2Q Revenue, Profits Climb
Truck dealership network Rush Enterprises Inc. saw revenue increase and net income spike 33% in the second quarter and announced its first-ever quarterly dividend.
16 States Join Request for Court Review of EPA’s Glider Decision
Attorneys general from 16 states have joined a request that an appeals court review a decision by U.S. Environmental Protection Agency officials to not enforce an Obama-era regulation limiting the production of glider kit trucks to 300 units per manufacturer.
June Trailer Orders Clear 20,000
U.S. trailer orders in June passed 20,000 but declined for the first time in 18 months, year-over-year, held back by a fall-off in dry van orders, ACT Research Co. reported.
Tonnage Rises 7.8% in June, Up 8% in First Half of 2018
Truck tonnage continued its powerful run in June, rising 7.8% compared with year-ago levels and up nearly 8% through the first half of 2018, according to American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index.
Idaho Grand Champion Tim Melody Is Living Out the Career He Always Dreamed Of
Tim Melody remembers being a child and having his father describe truck drivers to him as "knights of the highway." Now Melody, with 3.2 million safety miles and an Idaho Grand Champion title on his resume, can be considered one of those knights himself.
Big Oil Is Raking in Cash, So Investors Are Asking: Now What?
The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash.
Shuster Unveils Draft Infrastructure Plan
Proposing to raise taxes on fuel, ensuring the long-term solvency of the Highway Trust Fund, establishing a volunteer vehicle miles traveled program, and imposing a tax on bicycle tires are key provisions included in a draft infrastructure plan the top transportation leader in the U.S. House unveiled July 23.
Uber’s Self-Driving Fleet Returns to Pittsburgh Roads — With Drivers in Control
Uber’s self-driving cars returned July 24 to Pittsburgh’s streets four months after one of its autonomous SUVs hit and killed a woman crossing a street in Tempe, Ariz.