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.
Volvo Unit UD Trucks Eyes Autonomous Vehicles to Ease Driver Shortage in Japan
UD Trucks, a Japanese subsidiary of Swedish truck maker Volvo AB, plans to introduce electric and autonomous trucks within the next two years, joining global rivals in developing driverless technologies to ease a labor shortage.
IMF Communique Reveals Trade, Debt Seen as Threats to Global Growth
The global growth outlook faces rising threats from trade tensions and mounting debt despite a strengthening and “increasingly broad-based” expansion at the moment, according to a statement from world finance ministers and central bankers.
Lippert Unveils Sheets for Class 8 Mattresses
Lippert Components Inc. introduced a bedding line for Class 8 truck mattresses designed to provide a better fit for unconventional mattress sizes and shapes.
April 23, 2018Lineage Expands Texas Warehouse
Lineage Logistics recently began the expansion of its Sunnyvale, Texas, warehousing and distribution center, adding 94,000 square feet to the existing 311,885-square-foot facility.
April 23, 2018Western Star Offers Discounts to Women’s Trucking Group
Western Star, a unit of Daimler Trucks North America, announced an association rebate program for members of the Women’s Trucking Federation of Canada when they purchase a new Western Star 4700, 4900 or 5700XE model truck or tractor.
April 23, 2018Cummins X12 Engine Slated for Autocar ACX Model
Cummins Inc. announced its X12 engine will be available in Autocar’s ACX model beginning in the fourth quarter.
April 23, 2018Ocean Carrier CMA CGM Group to Buy 25% Stake in Ceva Logistics
Ceva Logistics is getting a major new shareholder to go along with a planned initial public stock offering of stock.
Kansas City Southern Posts Mixed Results as Earnings Dip, Revenue Rises
Kansas City Southern reported first-quarter net income of $145 million, or $1.40 a share, on revenue of $639 million, a 5% rise from the prior year. In the first quarter of 2017, the railroad reported net income of $147 million, or $1.38 per share.
April 20, 2018Several Members of Congress Send Letters Asking EPA to Drop Proposal to Repeal Glider Kit Regulation
Members of Congress on both sides of the aisle have written three letters to Environmental Protection Agency Administrator Scott Pruitt asking him to reconsider his proposal to repeal an Obama administration regulation that would limit the number of glider kits manufactured each year.
Dogged Pursuit Helps Ronnie Luckadoo Again Become South Carolina’s Top Trucker
Winning South Carolina’s truck driving championships for the fifth time last weekend feels, well, very satisfying, Ronnie Luckadoo of UPS Freight told Transport Topics.