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.
Cooper Offers Wide-Base Steer Tire in New Size
Cooper Tire & Rubber Co. said it added a new size premium, wide-base steer tire for mixed-service applications to its Roadmaster commercial tire line, the RM332 WB.
October 14, 2016Looming Digital Regulation Has Trucking Industry Scrambling
GREEN BAY, Wis. — A new regulation that will force U.S. trucking companies to electronically log employee hours is designed to limit accidents by keeping tired drivers off the road. It may also drive smaller trucking firms out of business.
Retail Sales Rose in September by Most in Three Months
Retail sales climbed in September by the most in three months, showing American shoppers began to spend freely again after shying away from merchants earlier in the quarter.
Navistar Demos Platooning Technology, Concept Vehicle With New LT, HX Series Trucks
NEW CARLISLE, Ind. — Navistar Inc. engineer Scott Smay paid close attention to the ProStar tractor he was driving on a closed course here; he just didn’t spend much time with his hands on the wheel or feet on the pedals.
Wholesale Prices Rose More Than Expected in September
Wholesale prices in the United States rose by more than projected in September, helped by higher costs for energy and food and indicating inflation may be picking up.
Fortress Said to Explore Sale of Florida East Coast Railway
Fortress Investment Group is exploring a sale of Florida East Coast Railway Corp., the coastal freight operator it took private in 2007, according to people familiar with the matter.
Trading Briefly Suspended on Covenant Stock After Dismal Earnings Forecast
Trading of stock in Covenant Transportation Group was suspended Oct. 13 for about 30 minutes after CEO David Parker announced that third-quarter earnings could be more than 50% below the consensus from analysts.
Teamsters Win Representation Elections at Two XPO Facilities
Workers at two XPO Logistics facilities voted to be represented by the Teamsters as the union’s organizing efforts continue.
October 13, 2016Utility Trailer Opens Arizona Location
Utility Trailer Manufacturing Co. opened a new full-service dealer location in Tolleson, Arizona.
October 13, 2016Open Forum: An ELog Journey
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October 13, 2016