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.
Peterbilt Expands Refuse Truck Lineup with Model 520
Peterbilt Motors Co. announced that it has expanded its refuse truck lineup with the new Model 520 featuring new seating configurations, enhanced styling and availability of the MX-11 engine from Paccar Inc., Peterbilt’s parent company.
May 26, 2016Bruckner Truck Sales Adds Mack Dealership in Oklahoma
Bruckner Truck Sales Inc., based in Amarillo, Texas, said it acquired Enid Mack Sales of Enid, Oklahoma.
May 26, 2016New FedEx Ground Distribution Center in Pennsylvania Almost Ready to Ship
Construction of a massive new FedEx Ground distribution center in Pittston Township, Pennsylvania, is nearly complete and it should be finished in August, according to a company spokesman.
Volkswagen AG Seeks $1.12 Billion Savings From MAN, Scania Integration
Volkswagen AG boosted its target for cost cuts at its trucks division to $1.12 billion (1 billion euros) as cooperation between its Scania and MAN units makes progress after years of tepid results.
Navistar Jumps on NACV Bandwagon for September 2017
Momentum for the North American Commercial Vehicle Show in Atlanta grew on May 25 when Navistar International Corp. announced it has committed to the new show for three years — 2017, 2019 and 2021 — and that it definitely will not exhibit on the corporate level at the Mid-America Trucking Show in 2017.
Replay: FMCSA Listening Session on Sleep Apnea
The Federal Motor Carrier Safety Administration conducted a listening session on obstructive sleep apnea May 25 in Los Angeles. Watch a videotape of the session.
May 25, 2016Arkansas Gov. Signs Bill That Ensures FAST Act Funding Match
After overwhelming votes in favor by the Arkansas House and Senate, Gov. Asa Hutchinson signed a bill on May 23 that boosts state funding for roads and bridges by $50 million to qualify for $200 million in federal funds from the FAST Act.
FedEx Completes TNT Acquisition, Starts Asset Integration Immediately
FedEx Corp. announced it would begin integration of TNT Express assets immediately after completing the $4.9 billion deal that is the buyer’s largest-ever acquisition.
May 25, 2016Panama Canal Fever Sweeps Globe Again as New Era in Trade Nears
Nine years of construction work, at a cost of more than $5 billion, have equipped the Panama Canal with a third set of locks and deeper navigation channels, crucial improvements that will double the isthmus’s capacity for carrying cargo between the Atlantic and Pacific oceans.
Volkswagen’s MAN Trucks Triples Tech Team as Big Rigs Go Online
Volkswagen AG’s truck unit MAN is nearly tripling the size of its digital division to add self-driving technology and make freight loading more efficient, seeking new sources of income as big rigs are increasingly linked via the Internet.