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.

Special Coverage, Business, Equipment

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.

Jonathan S. Reiskin | Associate News Editor
March 23, 2017
Special Coverage, Government, Business

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.

Eugene Mulero | Senior Reporter
March 23, 2017
Special Coverage, Business

Bestpass Launches Toll Management for Leased Equipment

LOUISVILLE, Ky. — Bestpass has launched a new toll-management service for leased equipment providers.

Seth Clevenger | Managing Editor, Features and Multimedia
March 23, 2017
Special Coverage, Business

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.

Roger Gilroy | Senior Reporter
March 23, 2017
Special Coverage, Business

TruckX Introduces Driver App and ELD

LOUISVILLE, Ky. — Startup firm TruckX announced plans to introduce a driver mobile app and electronic logging device.

Seth Clevenger | Managing Editor, Features and Multimedia
March 23, 2017
Business

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.

Michelle Jamrisko | Bloomberg News
March 23, 2017
Special Coverage, Business, Technology

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.

Seth Clevenger | Managing Editor, Features and Multimedia
March 23, 2017
Business

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.

Michelle Jamrisko | Bloomberg News
March 23, 2017
Business, Special Coverage

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.

Jonathan S. Reiskin | Associate News Editor
March 22, 2017
Business

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