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.
Factory Production Increases More Than Expected
Factory production in the United States grew 0.5% last month, the fastest pace in a year, as mining rebounded and utility use climbed, data from the Federal Reserve showed Aug. 16 in Washington.
Housing Starts Climb to a Five-Month High in July
U.S. home construction unexpectedly accelerated in July to the fastest pace in five months, indicating the housing industry remains an area of support for the economy.
National Average Diesel Price Falls Again, Down 0.6¢ to $2.310
The U.S. average retail price of diesel fell 0.6 cent to $2.310, according to the Department of Energy, while oil prices rallied.
Medium-Duty Sales Dip in July, Run Ahead Year-to-Date
U.S. retail sales of medium-duty trucks dipped 3.8% in July compared with a year earlier amid more inventory, but remained 10.9% ahead of the 2015 year-to-date period, WardsAuto.com reported.
NTDC 2016: Indiana Wal-Mart Driver Charles 'Mike' White Named Bendix Grand Champion
INDIANAPOLIS — Charles "Mike" White, a Wal-Mart Transportation professional driver from nearby Nineveh, Indiana, was named Bendix Grand Champion of the 2016 National Truck Driving Championships and National Step Van Driving Championships on Aug. 13.
Kenworth Unveils T680 Advantage Day Cab That Touts 6% Fuel-Economy Gain
KIRKLAND, Wash. — Kenworth Truck Co. announced a series of product enhancements and provided a generally positive industry outlook during a media briefing on Aug. 12 featuring the company’s new general manager, Mike Dozier.
Trailer Orders Fall to Below 10,000 in July
U.S. trailer orders in July fell to less than half of what they were a year earlier as seasonal weakness and cautious fleets still eyeing a lackluster economy cut demand more than expected, ACT Research Co. reported.
Cass Freight Index Slides 2.6%
The Cass Freight Index, which measures shipments from trucking and other transport modes, fell 2.6% year-over-year in July, registering the 17th consecutive decline on that basis.
August 15, 2016Video: Bendix, Kenworth Demonstrate Wingman Fusion
MOUNT VERNON, Wash. — Bendix Commercial Vehicle Systems provided an in-cab demonstration of the Bendix Wingman Fusion safety system here during a Kenworth media event.
Trucker Path Offers New App Feature for Truck Stop Owners
Trucker Path announced a new app feature that lets truck stop owners provide drivers with information about parking spots, amenities and services.
August 15, 2016