Business

About Business News...

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.

Business, Technology

Peterbilt Plans to Craft Product Strategies to Meet Customer Demand

SCOTTSDALE, Ariz. — Peterbilt Motors Company is keeping an open mind toward innovation, as it explores various technologies and options for diversifying its product offerings in the years ahead, company executives said here.

Joe Howard | Executive Editor
February 15, 2018
Business, Equipment

Peterbilt Unveils New Sleeper Design

SCOTTSDALE, Ariz. – Peterbilt Motors Co. has introduced a new sleeper design that offers improved aerodynamics, is available in single-and double-bunk designs, and was designed with input from drivers, the company said here.

Joe Howard | Executive Editor
February 15, 2018
Business

Sales Rise 25% for Allison Transmission

Allison Transmission Holdings, the Indianapolis-based provider of fully automatic transmissions for heavy-duty trucks, reported fourth-quarter and full-year results.

February 15, 2018
Government, Business, Fuel, TCA

Pilot Flying J's Ex-President Mark Hazelwood Found Guilty of Conspiracy in Fraud Trial

CHATTANOOGA, Tenn. — A jury on Feb. 15 found former Pilot Flying J President Mark Hazelwood and account representative Heather Jones guilty of conspiracy to commit wire and mail fraud. Former employees Scott Wombold and Karen Mann were found not guilty of conspiracy.

Jamie Satterfield | Knoxville (Tenn.) News-Sentinel
February 15, 2018
Business, Equipment

January Class 8 Sales Pass 14,000

U.S. retail sales of Class 8 trucks in January jumped 32.1% to more than 14,000, WardsAuto.com reported, as signs of a strong economic expansion increased.

Roger Gilroy | Senior Reporter
February 15, 2018
Government, Business

House Committee Approves Guiding Principles for Infrastructure Bill

Legislation that would address growing funding demands for infrastructure projects should reduce regulations, and connect agencies with private investors, the House Transportation and Infrastructure Committee indicated in a pronouncement members easily adopted Feb. 14.

Eugene Mulero | Senior Reporter
February 15, 2018
Business, Technology, Equipment

Cummins Top Overall Supplier of Class 8 Diesel Engines in 2017

Independent engine maker Cummins Inc. supplied more diesel engines used in Class 8 trucks in 2017 than any other engine maker, earning nearly a 40% market share overall amid expanding demand, WardsAuto.com reported.

Roger Gilroy | Senior Reporter
February 15, 2018
Government, Business

Crowley Sees $2.3 Billion Military Contract as Test of Logistics Capabilities

More than a year after winning a contract to handle freight shipments for the U.S. Transportation Command, Crowley Logistics has executed the first cargo move under a $2.3 billion multiyear Defense Freight Transportation Services contract.

February 15, 2018
Business, Technology, Equipment, Autonomous

'Cars Are to Us What Books Are to Amazon,’ Uber CEO Says

Speaking at a conference in San Francisco, Uber Technologies Inc. CEO Dara Khosrowshahi rattled through the company’s ambitions: food delivery, freight, autonomous vehicles and even buses and bikes.

February 15, 2018
Business

Turn Times at California Ports Slow One Minute in January

The average time to enter and exit the two largest containerports in the United States slowed one minute in January on a year-over-year basis, although the percentage of trips over two hours fell in the same period.

Ari Ashe | Staff Reporter
February 15, 2018