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.
VW Truck Division Signals Possible Takeover of Navistar
Volkswagen AG’s heavy-vehicle division is open to a takeover of U.S. affiliate Navistar International Corp. as the German company seeks scale to compete with global leaders Daimler AG and Volvo AB.
Warehouse Theft Nets 20,000 Cases of Beer
Crooks on March 12 stole about C$500,000 worth of beer, pepperoni and dried beef in a theft from a warehouse in Boucherville on Montreal’s South Shore. Police report the thieves are attempting to sell the haul to businesses across two Canadian provinces.
April 16, 2018Editorial: How Long Will the Good Times Last?
The trucking industry is definitely having a moment. Recently, an industry executive spoke from the White House about the positive effects federal tax reform has had on his business, and a noted industry economist predicted that trucking likely has several good years ahead of it before the threat of an economic downturn might rear its ugly head. Plus, sales of new trucks just keep rising.
April 16, 2018New Mercedes-Benz Sprinter Van Adds Digital Tools for Drivers, Fleets
AMSTERDAM — The updated Mercedes-Benz Sprinter van will offer a multitude of new options and features when it hits the market later this year, but the most significant additions could be its new connected-vehicle services.
States, Territories to Receive $1 Billion in Storm Relief, USDOT Announces
Nearly three dozen states and territories will receive $1 billion to repair infrastructure recently damaged by severe weather and natural disasters, the U.S. Department of Transportation announced April 13.
Trump Convenes Task Force to Study Postal Service Operations
WASHINGTON — After weeks of railing against online shopping giant Amazon.com, President Donald Trump signed an executive order April 12 creating a task force to study the United States Postal Service.
March Trailer Orders Total 29,500
U.S. trailer orders for March jumped 36% to top 29,000 as demand roared on and manufacturers began to grapple with the surging costs of key materials.
April 13, 2018US Industrial Space Declines for 31st Consecutive Quarter
The amount of industrial space in the United States declined for the 31st straight quarter in the first three months of 2018, according to CBRE Group.
April 13, 2018Peter Thiel-Backed Autonomous Car Supplier Slashing Costs, Scaling Up
Luminar Technologies Inc., the sensor startup backed by billionaire Peter Thiel, is rolling out a cheaper-to-make version of its laser technology and ramping up production to supply the key component for autonomous vehicles.
Expediter Services to Highlight Truck Ownership Program at Conference
Financial services firm Expediter Services will feature its truck ownership program for independent contractors and fleet drivers during its ES Group Gathering on April 27-28 in Southaven, Miss.
April 13, 2018