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.
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.
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, 2017Covenant 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, 2017Hurricanes 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, 2017Ryder 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, 2017Rodriguez 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, 2017Oil 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.
NFI Industries Purchases California Cartage to Increase Presence in SoCal Ports
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, 2017Daimler, 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.