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.
Prestolite Adds Technology to Protect Alternators
Prestolite Electric developed isolated ground technology for its IdlePro and IdlePro Extreme alternators to protect engines from potentially severe electrolytic damage caused by stray voltage.
July 19, 2017Accuride Aftermarket Coating Matches What’s on Original Wheels
Accuride Corp., in what it said was the first service of its kind for the aftermarket, launched its ProFinish steel wheel refinishing service for North American commercial vehicles that applies the same coating used on its original equipment wheels.
July 19, 2017Analysis: CSX Profit Chugs Along, but Could Come at a Price
CSX Corp. investors who endorsed a massive pay package to bring railroad wunderkind Hunter Harrison on board as CEO are already seeing the payoff. The question is, at what cost?
Million Square-Foot Distribution Center in Detroit to be Redeveloped — Reportedly for Amazon
Up to 1,000 jobs could be coming to Shelby Township, Michigan through the development of a more than 1-million-square-foot distribution center at a former automotive electronics supplier site.
Class 8 Truck Sales Surge in June to 11-Month High
U.S. retail sales of Class 8 trucks in June climbed to an 11-month high amid a moderately improving economy, experts said, but at just over 17,000 were down nearly 6% year-over-year; and through the first six months of the year, sales were off 19%.
2Q Earnings Gains at Volvo Driven by Construction Equipment, Not Trucks
Sales of construction equipment in China and Europe and to the global mining industry increased second-quarter sales and net income for Volvo AB, while the diversified manufacturer’s truck division, its largest, treaded water.
Video: Mack Partners With Mack
Mack Trucks reached an agreement to sponsor Oakland Raiders defensive end Khalil Mack.
July 19, 2017Oil Steadies Amid Mixed Signals on US Crude Inventories
Oil was steady amid mixed signals on U.S. crude inventories, with industry data showing supplies increased last week while government statistics were expected to show a decline.
July 19, 2017Local Dispute Over Mammoth Warehouse Complex Hinges on Truck Traffic
The developer’s proposal would bring a mammoth warehouse complex to the heart of Lower Nazareth Township in Pennsylvania. It has been fiercely fought — rejected by township supervisors who fear a glut of tractor-trailers on local roads, but resurrected by a Northampton County judge at appeal.
Housing Starts at Four-Month High Give Boost at Quarter-End
Residential construction ended the second quarter on a stronger note as groundbreaking on new homes rebounded in June to the fastest annualized pace in four months, Commerce Department data showed July 19.