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.
Safety Device on Every American Truck Got Inventor a Total of $20
While a “two striper” in the Air Force 60 years ago, Robert Carpenter invented a color-coded system for attaching tractor-trailer air-brake connections that now is mandatory equipment for every truck on every American road. He was paid $20.
Strick Adds Quick Response Codes to New Trailers
Strick Trailers announced the addition of InfoScan quick response codes to all new trailers to help speed service response times and increase customer vehicle operating time.
July 18, 2018Kenworth Makes Proprietary Suspension Standard on T680
Kenworth Truck Co. announced its proprietary AG400L tandem rear suspension now is standard equipment for the Kenworth T680 on-highway flagship.
July 18, 2018Clean Energy Begins Program to Fund Natural Gas Trucks
Clean Energy Fuels Corp. has begun its Zero Now Financing program, according to the Newport Beach, Calif.-based company.
July 18, 2018Boeing’s Faith in Airfreight Pays Off With $18 Billion in Sales
Boeing Co. stood by the air-cargo market during a withering downturn a decade ago, and that decision is paying off handsomely now.
States Ramp Up Efforts to Secure Transportation Funding, ARTBA Chief Economist Reports
WASHINGTON — While a federal infrastructure package hangs in the balance, the majority of states have introduced legislation to increase transportation funding on their own.
DTNA Targets 24-Hour Dealer Repair Turnarounds
YOUNTVILLE, Calif. — Daimler Trucks North America is targeting 24-hour turnaround times for truck repairs at its dealerships and is expanding its aftermarket component business as it moves to boost its parts and repair business, company executives said.
June Class 8 Sales Best of 2018
U.S. retail sales of Class 8 trucks jumped 23.3% in June to the highest point this year, climbing above 21,000, WardsAuto.com reported. But analysts said the gain came not so much from increased production but reflected deliveries of some trucks that mostly had been finished but were awaiting parts.
CSX Profit Jumps to $877 Million
CSX Corp. reported second-quarter net earnings of $877 million, or $1.01 a share, a rise of 72% from net earnings of $501 million, or 55 cents a share, in the same period a year ago.
July 17, 2018Marten Transport Income Rises 50% in 2Q
Marten Transport reported a strong jump in profits and revenue in the second quarter, spurred by a rise in operating income at all four of its major divisions.