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 Recalls Nearly 5,500 Diesel Truck Engines
Manufacturer Cummins Inc. is recalling nearly 5,500 heavy-duty diesel truck engines due to an electrical issue.
June 21, 2016Landmark Rule Opens Skies to More Commercial Drones
The Obama administration is opening U.S. skies to more commercial drones with long-awaited regulations that the government hopes will spawn new industries for inspecting bridges, monitoring crops and taking aerial photography.
Truck Tonnage Climbs in May
Truck tonnage climbed 5.7% on a year-over-year basis in May and also increased from April, helped by stronger consumer demand and a long-awaited drop in inventories, American Trucking Associations reported.
June 21, 2016Colorado Natural Gas-Vehicle Tax Break Applauded by Industry Group
An advocacy group that wants more natural-gas vehicles on the road is praising a bill passed in Colorado, which Gov. John Hickenlooper recently signed.
June 21, 2016Werner's Second-Quarter Earnings to Trail Analyst Expectations
Werner Enterprises Inc. said difficult rate negotiations, lower spot-market prices and other factors in a sluggish freight market would reduce its second-quarter earnings to a range of 21 cents to 25 cents per share, which is below the average estimate of 40 cents per share based on Bloomberg’s analyst survey.
June 21, 2016FedEx to Buy Six Boeing 767 Freighters Valued at $1.2 Billion
FedEx Corp. is buying six Boeing 767 freighters valued at $1.2 billion as the world’s biggest cargo airline continues to modernize its fleet.
Total Transportation President Says Company Will Fight Charges
John Stomps, president of Total Transportation of Mississippi, responded June 21 to the recent indictment of his company in Bryan County, Georgia, in the wake of the April 2015 crash that killed five Georgia Southern University nursing students and injured two others.
June 21, 2016Detroit Marks Milestone for Virtual Technician
Daimler Trucks North America subsidiary Detroit recently marked the 200,000th installation of its Virtual Technician remote diagnostic system.
June 21, 2016Trucker Path Expands Parking Network
Trucker Path said it has updated its trip-planning mobile application for professional drivers with an additional 1,000 parking locations.
June 21, 2016Capitol Agenda for the Week of June 21: Summer in the Capital City
Policymakers in the Washington, D.C., area kicked off the start of summer June 20 by checking out the conditions at the Arlington Memorial Bridge. Sen. Mark Warner (D-Va.), and Mayor Muriel Bowser were among the lawmakers who inspected the bridge’s “deterioration,” as they put it. Bowser indicated that D.C., Maryland, and Virginia have developed a solution to repair the bridge.