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.
Navistar to Redesign Trucks, Begin UAW Talks in 2018
Navistar has several big ticket items planned in 2018, including a redesign of all of its trucks, a new labor contract in Springfield, Ohio and production starting on a new GM truck.
Home Prices in 20 US Cities Climb by the Most Since July 2014
Home prices in 20 U.S. cities increased in November by the most in more than three years, underscoring a lingering scarcity of housing inventory, according to S&P CoreLogic Case-Shiller data released Jan. 30.
January 30, 2018Paccar Reports Record Revenue in 4Q, Full Year
Truck maker Paccar Inc. reported record sales and improved net income for the 2017 fourth quarter and full year, benefiting from peak North American market share and strong aftermarket parts sales.
Trump to Congress: Produce $1.5 Trillion Infrastructure Bill, Streamline Permitting
In his first State of the Union address, President Donald Trump called on the Republican-led Congress to prepare a $1.5 trillion infrastructure bill that would be anchored by a robust reliance on private sector investments.
Consumer Confidence Increased More Than Forecast in January
U.S. consumer confidence was stronger than expected in January and hovering near a 17-year high as households grew somewhat more upbeat about employment and the economy, according to figures out Jan. 30 from the Conference Board in New York.
Waymo Buys ‘Thousands’ More Chrysler Vans for Driverless Service
At some point this year, Alphabet Inc.’s Waymo plans to roll out a ride-hailing service using driverless cars. It just bought more vehicles to make that happen.
The Robot Delivery Vans Are Here
The future of driverless driving looks like a giant toaster with a funny hat.
Covenant Reports Higher 4Q Profits
Covenant Transportation Group reported higher profits from its dry van and refrigerated truckload operations in the final quarter of 2017, but earnings for the full year declined as the company was unable to supply enough trucks to take full advantage of increased demand for freight shipping during the peak holiday season.
Werner Profits Climb Despite Logistics Challenges
Werner Enterprises reported fourth-quarter net income of $30.6 million Jan. 29, or earnings per diluted share of 42 cents, beating expectations of analysts surveyed by Bloomberg of $27.8 million and 39 cents per share. Earnings per share in the year-ago quarter was 30 cents.
Diesel Rises 4.5¢ to $3.070 a Gallon
The U.S. average retail price of diesel popped 4.5 cents to $3.070 as oil increased to more than $65 a barrel.