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.
Roadside Repairs by Fleets Rose 21% in 1Q, Study Says
RALEIGH, N.C. — Fleets saw their roadside breakdowns increase by 21% in the first quarter this year compared with the fourth quarter of 2017, according to the Truckload Vertical Benchmarking Study from American Trucking Associations’ Technology & Maintenance Council and FleetNet America.
North American Class 8 Orders Continue Strong Growth in May
Orders for new Class 8 trucks more than doubled last month versus year-ago levels, according to preliminary data from ACT Research.
Cyberattacks Called a Growing Threat to Trucking Industry
RALEIGH, N.C. — The threat of cyberattacks to the trucking and logistics industries is real, the number of attacks are growing and each attack has the potential to cripple a company, according to a panel of experts June 6 at the Fleet Data Management and Cybersecurity Conference here.
Volvo Says Companies Face ‘Overtaxation’ as Regulations Emerge Worldwide
Multinational companies likely face “overtaxation” as new tax rules emerge around the world without proper resolution tools in place, the tax chief for AB Volvo said.
Carriers Should Be Involved in Drivers’ Decisions in Bad Weather, Attorneys Say
INDIANAPOLIS — While the truck driver is by regulation the person to decide when to slow down or pull off to the side of the road in bad weather, it still is a good idea for motor carriers to assist drivers in making those decisions.
Daimler Trucks CEO Says Possible Listing Is Up to Shareholders
Daimler AG could split its truck unit and passenger-car business into separate companies, but it’s not a necessity and won’t happen unless stockholders want it to.
Texas Planning Group Outlines Regional Freight Corridor
In Texas, Sherman-Denison Metropolitan Planning Organization officials expect to present the draft version of a regional freight corridor plan later this summer.
Navistar Posts 2Q Profit
Truck and engine manufacturer Navistar International Corp. reported net income of $55 million, or 55 cents per diluted share, for the second quarter of 2018, rebounding from a net loss of $80 million, or 86 cents, in the year-ago period, the company announced
Freightliner Unveils All-Electric eCascadia, eM2 Models
PORTLAND, Ore. — Freightliner Trucks introduced the first all-electric versions of its heavy-duty Cascadia and medium-duty M2 models here, a major step toward bringing a full lineup of electric trucks to the North American market.
National League of Cities Report: Infrastructure Among Top Issues for Local Leaders
Local elected officials continue to sound the alarm on the challenges stemming from inefficient transportation networks amid the absence of long-term infrastructure funding assurances from the White House and the U.S. Congress.