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.
Peterbilt, Kenworth to Exhibit at 2017 MATS
Paccar's Peterbilt Motors Co. and Kenworth Truck Co. have become the first truck OEMs to announce they will have an exhibit at the 2017 Mid-America Trucking Show, a decision that is in contrast to the move by several rivals to display their trucks at a new show in Atlanta.
October 17, 2016Port of Virginia Container Volume Rises 2% in September
NORFOLK, Va. — Container volume at the Port of Virginia last month edged up 2% from its record-breaking gain in the same month a year ago.
Net Income Drops 5% at J.B. Hunt in Third Quarter
J.B. Hunt Transport Services Inc., the first trucking company to report third-quarter earnings, said net income declined 5% to $109.4 million, or 97 cents, dragged down by weaker profit margins in all of its businesses except dedicated trucking.
October 17, 2016Factory Production Rises for Third Time in Four Months
Output at U.S. manufacturers rose for the third time in four months on production of consumer goods and construction materials, a sign the industry is recovering from a prolonged spell of weakness.
Snap-on in Agreement to Acquire Car-O-Liner
Repair equipment supplier Snap-on Inc.has entered into a definitive agreement to acquire Car-O-Liner Holding AB for about $155 million in cash to bolster its presence in the heavy-duty vehicle sector.
October 17, 2016Caterpillar CEO Leaves Heir to Finish Navigating Commodity Rout
Caterpillar Inc.’s Doug Oberhelman will retire after 41 years at the largest maker of construction and mining equipment, leaving his replacement to finish the job of steering through a commodities slump.
FMCSA Grants Bendix Video Camera Permanent Exemption
Bendix Commercial Vehicle Systems announced the video camera component of its Wingman Fusion collision mitigation technology and AutoVue lane departure warning system will remain compliant with Federal Motor Carrier Safety Administration rules, following an exemption that was recently made permanent.
October 17, 2016Anger Over Speed Limiters Voiced in Comments to DOT
Some motorists said they favor the idea of slowing trucks down on the highway, but the overwhelming majority of the nearly 3,000 comments filed thus far on a federal heavy-truck speed limiter proposal came from truckers calling it a recipe for disaster.
Editorial: The Speed Limiter Debate
It looks as if the comments on the speed-limiter proposal for heavy trucks will give the federal government plenty of reading material this winter.
October 17, 2016Opinion: The Real ‘Driverless Truck’ Problem Fleets Face
There’s currently a lot of buzz about autonomous, self-driving vehicles, including trucks. And, yes, most truck makers are working on technologies that could make such vehicles viable years in the future.
October 17, 2016