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, Equipment

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, 2017
Business

Bendix 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, 2017
Business

Beemac Trucking Opens New Terminal in Texas

Flatbed carrier Beemac Trucking opened a new terminal in Lubbock, Texas.

October 20, 2017
Business

Wabco Reports Quarterly Sales Record, But Income Falls

Commercial vehicle supplier Wabco Holdings Inc. reported third-quarter net income dropped and revenue soared.

Roger Gilroy | Senior Reporter
October 20, 2017
Government, Business, Equipment

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.

October 20, 2017
Business, Special Coverage

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, 2017
Government, Business, Safety, Logistics

Universal 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.

Ari Ashe | Staff Reporter
October 20, 2017
Business

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.

Ari Ashe | Staff Reporter
October 20, 2017
Business

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.

Chris Bryant | Bloomberg News
October 20, 2017
Business

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.

Ari Ashe and Burney Simpson | Staff Reporters
October 19, 2017