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.
Manufacturers Want Trailer GHG Rule Included in Trump Campaign to Roll Back Regulations
The Truck Trailer Manufacturers Association has expanded its offensive against the part of the federal Phase 2 greenhouse gas rule that concerns trailers by asking the U.S. Environmental Protection Agency to consider a Trump administration executive order intended to prune burdensome regulations.
TL Earnings Continue to Decline Amid High Capacity, Weak Pricing
The disappointing first quarter continued as three more truckload companies reported lower bottom-line results than a year ago, blaming the still-abundant capacity and a poor contract rate environment.
Amazon Posts First-Quarter Gains, Ramps Up Fulfillment Network
Amazon.com reported double-digit growth in net income and revenue for the first quarter.
May 8, 2017Cummins’ Results Lifted by Construction, Mining
Cummins Inc., a manufacturer of diesel and natural gas engines and other technologies, posted first-quarter increases in profits and sales that were driven by demand from construction and mining customers rather than North American truck engines.
Allison, Dana, Eaton See Higher Profits; Meritor Earnings Decline on Tax Expense
Three leading commercial vehicle suppliers notched quarterly gains in net income and revenue for the period ended March 31, while a fourth supplier posted declines in both areas but expressed optimism that its financial performance would improve later this year.
Swift Launches Digital Marketing Strategy for Truck Drivers
Swift Transportation is reaching out to young people with a digital marketing campaign that promotes the company’s culture, size and emphasis on job advancement.
May 5, 2017UPS Agrees to Buy Irish Package Carrier as Part of European Expansion
UPS Inc. has agreed to purchase Nightline Logistics Group, a package delivery and logistics firm based in Ireland.
May 5, 2017ATA President Chris Spear to Keynote Natso’s Capitol Hill Forum
Executives from the truck stop industry visiting Capitol Hill this month for meetings with federal lawmakers will get the chance to hear about trucking matters from the leader of American Trucking Associations.
May 5, 2017UPS Contract Plane Crash Lands in West Virginia, Killing Two
Two crew members died when a small cargo plane carrying packages for UPS Inc. crashed after touching down at a West Virginia airport.
Firefighting UPS Driver Gets His Reward: Tickets to a Celtics Playoff Game
MANCHESTER, N.H. — A UPS driver who doused a house fire with a garden hose last month was lauded May 2 at the Boston Celtics playoff game, one of the many honors the Manchester resident has recently received.