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

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.

Michelle Jamrisko | Bloomberg News
August 16, 2016
Business

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.

Patricia Laya | Bloomberg News
August 16, 2016
Business, Fuel

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.

Roger Gilroy | Senior Reporter
August 15, 2016
Business

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.

Roger Gilroy | Senior Reporter
August 15, 2016
Business

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.

Eric Miller | Senior Reporter
August 15, 2016
Business

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.

Neil Abt | Editorial Director
August 15, 2016
Business, Logistics, Equipment

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.

Roger Gilroy | Senior Reporter
August 15, 2016
Business

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, 2016
Business, Technology, Equipment, Safety

Video: 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.

Neil Abt | Editorial Director
August 15, 2016
Business

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