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, Fuel

Diesel Inches Up 0.4¢ to $2.792 a Gallon

The U.S. average retail price of diesel crept up 0.4 cent to $2.792 a gallon, and oil dropped closer to $50 a barrel.

Roger Gilroy | Senior Reporter
October 2, 2017
Business

BorgWarner Completes Acquisition of Sevcon

BorgWarner finalized its acquisition of Sevcon Inc., a manufacturer of electrification technologies that complement its own power electronics capabilities.

October 2, 2017
Business

Covenant Transportation Group Adopts New Name to Market Services

Covenant Transportation Group is adopting Covenant Transport Services as its new name to emphasize the company’s broad range of freight services.

October 2, 2017
Business

Hurricanes Likely to Trim Penske Earnings

Penske Automotive Group Inc. estimated hurricane-related losses, expenses and business interruption (net of expected insurance proceeds) will reduce earnings per share by 4 cents to 5 cents for the three months ended Sept. 30, according to the company.

October 2, 2017
Business

Ryder Supply Chain Solutions to Slash 361 Jobs at Tennessee General Motors Facility

Ryder Supply Chain Solutions will lay off 361 employees contracted to the General Motors plant in Spring Hill, Tenn., on Nov. 22, according to a notice filed with the state government.

October 2, 2017
Business, Equipment

Rodriguez Distribution Joins Power Heavy Duty Parts Network

Rodriquez Distribution Inc. has joined Power Heavy Duty as a member of the Crystal Lake, Ill.-based association of independent aftermarket parts distributors and truck service specialists.

October 2, 2017
Business, Fuel

Oil Dips as Recent Rebound Seen Lending to Global Output Rise

Oil dropped as OPEC’s production increased last month, at a time when U.S. drillers are also ramping up.

Jessica Summers | Bloomberg News
October 2, 2017
Business, Technology, Equipment, Safety

2017 North American Commercial Vehicle Show Live Blog

Let this page be your what's-happening-right-now guide to NACV 2017. Our live blog will capture photos, videos, tweets and latest headlines from the exhibit hall, press conferences and group sessions.

October 2, 2017
Business, Equipment

Daimler, Volvo Execs Praise Inaugural NACV Show

ATLANTA — North American executives from Daimler Trucks and Volvo Group offered an early post-event endorsement of the North American Commercial Vehicle Show just ended.

Jonathan S. Reiskin | Associate News Editor
October 2, 2017