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

Cabovers Key to Daimler’s Strategy in Mexico

PUERTO VALLARTA, Mexico — The recent introduction of Class 6 and Class 8 cabover models to the Mexican market is a key part of Daimler Trucks Mexico’s strategy in its home market, and a competitive response to the segment’s growth in the country, the company’s president said.

Joe Howard | Executive Editor
November 29, 2017
Business, Equipment, TCA

Ships Carrying 50,000 Containers Are on Horizon, Report Says

Container ships just keep getting bigger and bigger. Today’s top dog, the OOCL Hong Kong, can carry a mind-boggling 21,413 boxes – far more than the largest ship ever to call on the Port of Hampton Roads.

Robert McCabe | The (Norfolk) Virginian-Pilot
November 29, 2017
Business

Meritor Reports Revenue Gains

Commercial vehicle supplier Meritor Inc. reported fourth-quarter and full-year net income fell primarily due to a tax-related change, but revenue jumped in both periods.

Roger Gilroy | Senior Reporter
November 29, 2017
Business

Carriers, States Team on Felon CDL Training Programs

The need for drivers and a desire to be good corporate citizens has spurred some carriers to reach out to state correctional agencies to encourage the training of inmates to take the commercial driver license test.

Burney Simpson | Staff Reporter
November 29, 2017
Business, Technology, Equipment, Fuel

Electric Vehicles Could Displace 8 Million Barrels of Oil Per Day by 2040

An energy transition is underway. Solar and wind are being added in ever-greater numbers. Electric vehicles are becoming more commonplace. Meanwhile, policy makers are grappling with the right mix of policies to pay for it all.

November 29, 2017
Business, Technology, Equipment, Fuel

There’s Now a Vessel That Produces Zero Pollution

Cie. Maritime Belge SA has built the first commercial ship that runs on hydrogen and produces zero pollution, taking the world a step closer to cargo without emissions.

Anna Hirtenstein | Bloomberg News
November 29, 2017
Business, Fuel, TCA

Former Pilot Flying J Exec Called Jimmy Haslam After Feds Came to Home

CHATTANOOGA, Tenn. — Former Pilot Flying J sales executive Brian Mosher told jurors Nov. 28 that federal agents and a prosecutor showed up on his doorstep on Tax Day 2013 and asked him to make a phone call to the chief executive officer of his company.

Jamie Satterfield | Knoxville (Tenn.) News-Sentinel
November 28, 2017
Business, Logistics

Holiday Sales, Delivery Volume Could Smash Records

The big delivery firms are preparing for unprecedented package volumes during the holiday shopping season as retailers say they are on course to set new sales records.

Burney Simpson | Staff Reporter
November 28, 2017
Business, Equipment, TCA

FedEx Adds Feeder Aircraft to Continue Fleet Upgrade

FedEx Express announced a major purchase of U.S.-assembled feeder aircraft Nov. 28 to continue a push to modernize its 659-aicraft fleet.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
November 28, 2017
Business

Kane Is Able to Expand in Pacific Northwest With Deal for Vintners Logistics

Kane Is Able Inc. has signed a letter of intent to buy Vintners Logistics, a company that specializes in warehousing and transportation of food and beverages for wineries and food processing companies predominantly in the Pacific Northwest and Northern California.

November 28, 2017