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.
Cummins Unveils Updated Engine Lineup
EAST LIBERTY, Ohio — Cummins Inc. unveiled its updated engine lineup here for 2017, the X15 efficiency and X15 performance series, as well as a new X12 model planned for a 2018 release.
Caterpillar’s All-Seeing Sensors Steady Profit in Downturn
Caterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown.
Port of Palm Beach's Revamped Berth Could Lead to Cuba Trade
The Port of Palm Beach broke ground July 21 on construction of a $10.4 million mini-slip at its southernmost berth that could eventually serve as a base for cargo service to Cuba.
$23 Million Tennessee Truck Dealership Planned
TAG Truck Center filed construction documents showing it intends to build facilities valued at more than $23 million at the old Mall of Memphis site.
Plans for Tennessee River Toll Bridge Dashed Because of Cost
The long-studied idea for a toll bridge across the Tennessee River from Soddy-Daisy to Harrison and Interstate 75 has been killed by cost.
Global Oil Market 'Severely Oversupplied' With Gasoline, Analysts Say
The global oil market is "severely oversupplied" with gasoline — with stocks at a five-year high — serving as a blow to crude prices from next month, reckon Morgan Stanley analysts led by Adam Longson.
Opinion: Transportation Investment in Idaho Pays Off
Idaho’s Grant Anticipation Revenue Vehicle program, or GARVEE, recently wrapped up, after a decade of investment in the state’s roads and bridges. Along the way, the GARVEE program transformed the state’s infrastructure in a way we haven’t seen since the interstate system was built through Idaho in the 1960s.
July 25, 2016Editorial: Welcome, Administrator Darling
Scott Darling is officially the fifth administrator of the Federal Motor Carrier Safety Administration to have been confirmed by the Senate, which did so July 14 by unanimous consent (see story, p. 5).
July 25, 2016June Tonnage Rises 2.1%
June’s 2.1% year-over-year increase in American Trucking Associations’ tonnage index represents another upward tilt in the uneven 2016 freight market that experts characterize with words such as “choppy,” “seesaw” and “zigzag.”
Class 8 Sales Plummet 27.7% in June; Eighth Decline in Last Nine Months
U.S. retail heavy-duty truck sales contracted for the eighth time in the past nine months year-over-year in June, and the 27.7% plunge was the sharpest decline of the rough stretch dating to October.