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.
Wabco Adds Air Disc Brakes to North American Manufacturing
LOUISVILLE, Ky. — Belgium-based Wabco Holdings is trying to increase its direct presence in North America’s commercial vehicle market beyond its traditional joint ventures, with the most visible evidence a $20 million plant expansion to make air disc brakes for trucks and trailers in North Charleston, South Carolina.
Federal Transportation Funding Push to Boost Industry Jobs, Fastport CEO Says
LOUISVILLE, Ky. — The adoption of President Trump’s call for a massive infrastructure funding bill would help promote employment throughout the transportation and logistics sectors, the head of a firm helping veterans to find jobs said at the Mid-America Trucking Show.
Bestpass Launches Toll Management for Leased Equipment
LOUISVILLE, Ky. — Bestpass has launched a new toll-management service for leased equipment providers.
Mack Adds Telematics, Brake and Transmission Options
LOUISVILLE, Ky. — Emphasizing the growing role of truck connectivity, Mack Trucks said it was extending its telematics hardware as an option for its model year 2011 and newer trucks equipped with Mack engines, effective May 1.
TruckX Introduces Driver App and ELD
LOUISVILLE, Ky. — Startup firm TruckX announced plans to introduce a driver mobile app and electronic logging device.
New-Home Sales Climb to Seven-Month High in February
Purchases of new homes increased in February to a seven-month high, indicating the effects of the recent rise in borrowing costs on the U.S. residential real estate market have been modest.
Rand McNally Introduces Next-Gen Navigation Device
LOUISVILLE, Ky. — Rand McNally introduced its next-generation truck navigation device here at the Mid-America Trucking Show.
Claims for Jobless Benefits Increase to Seven-Week High
Filings for U.S. unemployment benefits rose to a seven-week high, representing a departure from other data showing a solid labor market.
Kenworth, Peterbilt Will Not Exhibit at NACV Show
LOUISVILLE, Ky. — Neither of the operating companies of Paccar Inc. will exhibit at the new North American Commercial Vehicle Show in Atlanta in September.
FedEx Profits Up 3.7%, Earnings Forecast Misses Mark
FedEx Corp. reported that profits rose 11% year-over-year on higher revenue due to a rate hike last autumn, but lower operating income companywide due to higher fuel costs, one fewer operating day at FedEx Express and FedEx Ground, and higher costs to expand the Ground network.
March 22, 2017