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.

Business

TMC Elects Ozark’s McDonald as Chairman

NASHVILLE, Tenn. — Glen McDonald, the new chairman of American Trucking Associations’ Technology & Maintenance Council, can’t be summed up as just a man who oversees the maintenance operation of a 700-truck fleet and 70 shop employees.

Eric Miller | Senior Reporter
March 6, 2017
Business, Technology

Omnitracs Plans Role in Evolution of Automation, Drones, Wearables

PHOENIX — The transportation industry is accelerating toward a future shaped by autonomous trucks, platooning, drones, same-day delivery, wearable technology for drivers and the continued proliferation of the Internet of Things, Omnitracs told a gathering of fleet customers here.

Seth Clevenger | Managing Editor, Features and Multimedia
March 6, 2017
Fuel, Business, Technology

Engine Makers Emphasize the Power of Telematics Support for Customers

NASHVILLE, Tenn. — Engine makers, two of whom also build heavy-duty trucks, emphasized the powerful role of telematics in delivering customer support as they announced service-related features.

March 6, 2017
Business

Dana CEO Kamsickas Advises President as Member of Manufacturing Council

NASHVILLE, Tenn. — One of the people to whom President Trump listens on the economy’s manufacturing sector is Dana Inc. CEO James Kamsickas, one of 28 members of a manufacturing council the president established and a man who believes in setting up factories where goods will be sold.

Jonathan S. Reiskin | Associate News Editor
March 6, 2017
Business

TIA Says Loads, Revenue Up on Truckload, Intermodal Strength

Freight shipments increased 9.2% in the fourth quarter year-over-year, and 3.7% sequentially, as truckload capacity tightened, intermodal activity picked up and less-than-truckload business remained flat, according to the Transportation Intermediaries Association and industry executives.

Ari Ashe | Staff Reporter
March 6, 2017
Business

Dana, Eaton to Mix Legacy Product Lines With Advanced Components, Systems

NASHVILLE, Tenn. — Two of trucking’s most venerable Tier 1 suppliers are augmenting their legacy products to fleets with some very different products and services.

March 6, 2017
Business, Logistics

Trailer Product Lines Expand; Orders Soar 92% in January

NASHVILLE, Tenn. — Capitalizing on strong replacement demand, trailer makers said they are expanding product lines and features amid industrywide orders that skyrocketed 92% in January to more than 32,000.

Roger Gilroy | Senior Reporter
March 6, 2017
Business

Chao Extols Private Funding of Infrastructure Repairs

WASHINGTON — The U.S. Department of Transportation will hasten national rebuilding through regulatory reform, revamped grant programs and more private investment in infrastructure, the head of the agency told state and other transportation officials meeting here.

David Elfin | Staff Reporter
March 6, 2017
Business, Logistics

CSX Is Said Near Deal to Name Harrison CEO

CSX Corp. may install Hunter Harrison as chief executive officer as early as the week of March 6 as the railroad and an activist shareholder move closer to ending an impasse over Harrison’s pay package, people familiar with the matter said.

March 3, 2017
Business

Great Dane Has Plans Soon for Microbial Protection, Telematics and Rear Impact Guard

NASHVILLE, Tenn. — Trailer maker Great Dane introduced three new means of increasing the safety and efficiency of its products, including with antimicrobial protection, enhanced telematics and a stronger rear impact guard.

March 3, 2017