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.
Vanguard Truck Centers Adds Houston Location
Multistate truck dealer Vanguard Truck Centers announced it acquired a Volvo dealership in Houston that features 28 service bays, including 12 body shop bays.
October 20, 2017Bendix Expands Huntington, Ind., Facility
Bendix Commercial Vehicle Systems will expand its manufacturing capabilities and capacity with a $3.8 million capital investment in equipment to launch two new production lines at its Huntington, Ind., facility where it has operated for nearly four decades.
October 20, 2017Beemac Trucking Opens New Terminal in Texas
Flatbed carrier Beemac Trucking opened a new terminal in Lubbock, Texas.
October 20, 2017Wabco Reports Quarterly Sales Record, But Income Falls
Commercial vehicle supplier Wabco Holdings Inc. reported third-quarter net income dropped and revenue soared.
BMW Raided in Collusion Probe as Daimler Blows Whistle to EU
BMW AG said it was raided by European Union antitrust watchdogs this week as the EU ramped up a probe into the German car industry following reports that carmakers colluded on technology for decades.
2017 MCE Live Blog
Let this page be your what's-happening-right-now guide to MCE 2017. Our live blog will capture photos, videos, tweets and latest headlines from the exhibit hall, press conferences and group sessions.
October 20, 2017Universal Logistics Strong 3Q Forecast Dashed
Two weeks after Universal Logistics Holdings offered a bright outlook for its third-quarter earnings report, the company reversed course Oct. 19, telling investors that a jury verdict will knock it back once again.
Kansas City Southern Posts Strong 3Q Gains Despite Hurricane Harvey
Kansas City Southern reported profits rose 7.2% in the third quarter on strength in automotive, energy, intermodal and petrochemical transportation, despite suffering a financial blow of up to $23 million in operating income from Hurricane Harvey.
Analysis: Let’s Give a Blast of the Air Horn for Global Truck Boom
It’s rare that major economies all grow at the same time. For investors that’s sometimes frustrating. There’s always at least one country—Brazil, Russia, wherever—blotting a multinational’s otherwise decent set of numbers.
Covenant, Werner Report Strong Third-Quarter Earnings
Three publicly traded carriers reported results on Oct. 19 with two reporting profits better than 2016 and one with a decline in the third quarter.