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.
ERoad Will Certify ELD Device Through PIT Group
LAS VEGAS — ERoad announced it has partnered with PIT Group to provide independent testing and verification of its electronic logging device solution, saying it is the first provider to do so.
Chattanooga Attracts Startups as City Vies to Be Logistics Capital
Three technology-based logistics companies are moving to Chattanooga, Tennessee, after completing a 12-week accelerator program hosted by the founders of Access America who are eager to make Chattanooga the logistics capital for technology.
Universal Says Third-Quarter Profit Will Trail Analyst Forecast
Universal Logistics Holdings Inc., the first trucking company to warn that third-quarter earnings would trail Wall Street forecasts, announced that earnings per share would be as much as 50% below the 2015 period.
October 5, 2016FlowBelow Aero Partners With Kenworth, Expands Distribution to Mexico
LAS VEGAS — FlowBelow Aero Inc. announced Kenworth Truck Co. will offer its AeroKit as a dealer-installed option, and it has expanded distribution of its tractor-mounted aerodynamic products into Mexico.
Traffic Fatalities Rise 10.4% in First Half of 2016
Distressed by a 7.2% increase in traffic deaths in 2015, the biggest jump in 50 years, the National Highway Traffic Safety Administration began forming the Road to Zero Coalition to reverse that momentum.
Trucking, Oil Industry Groups Lose Challenge to Minnesota Biodiesel Mandate
A U.S. District Court judge in Minnesota has shot down an attempt by trucking, automotive and oil industry groups to abolish the state’s requirement that diesel sold at the pump contain at least 10% biofuel.
Trade Deficit Widens as Olympics Drive Imports Higher
The U.S. trade deficit unexpectedly widened in August, as higher imports of capital goods and record purchases of services from abroad overshadowed a gain in exports.
Companies Add Fewest Workers in Five Months, ADP Says
Companies in September added the fewest number of workers in five months, showing the labor market is cooling after strong gains for much of this year, data from the ADP Research Institute in Roseland, New Jersey, showed Oct. 5.
Cummins Westport Advances Technology as Industry Searches for Growth
LAS VEGAS — The price of fueling systems has fallen because of competition, a buildout of fueling infrastructure continues and fleets keep assessing and adding trucks, but continued growth hinges on these three key elements, the head of the nation’s only company building new natural-gas engines said during American Trucking Associations’ Management Conference & Exhibition here.
Continental to Acquire Majority Stake in Zonar
Continental announced Oct. 4 that it has reached a deal to acquire a majority stake in technology provider Zonar.
October 4, 2016