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.
Ford Will Invest $1.6 Billion in Two US Factories
DETROIT — Ford Motor Co. will invest $1.6 billion in two U.S. factories to start making a new automatic transmission and expand output of certain commercial trucks, the company announced April 26.
Capitol Agenda for the Week of April 26: Primary Winner Shuster on Trucking Issues
Pennsylvanians go to the polls today, and Rep. Bill Shuster, chairman of the transportation panel in the House, is favored to keep his 9th District seat. Shuster's campaign shared the Congressman's current thoughts on the hottest issues in trucking. Here's the week ahead for trucking on Capitol Hill.
Cartoon Caption Contest Winners' Gallery
A look back at the weekly finalists and winners in Transport Topics' Cartoon Caption Contest.
April 26, 2016More Than 800 Volvo Trucks Still Need to Be Checked
More than 800 of the Volvo trucks recalled by the company March 23 remained unaccounted for April 26, the Federal Motor Carrier Safety Administration announced.
Paccar Posts Loss Tied to European Price Probe
Paccar Inc. reported a $594.6 million, or $1.69, loss in the first quarter, tied to a charge for expected penalties relating to a European price-fixing investigation.
April 26, 2016FMCSA Seeks Feedback on Trust Fund Practices
The Federal Motor Carrier Safety Administration is seeking comment and will hold an informal roundtable discussion on May 20 pertaining to the adequacy of existing trust fund industry practices for property brokers and freight forwarders.
Stemco, Ridge Settle Trailer Aerodynamic Patent Dispute
Stemco and Ridge Corp., two makers of trailer aerodynamic equipment, have settled a patent dispute by allowing both companies to manufacture and market equipment to reduce drag by attaching devices to the rear end of trailers.
April 26, 2016Ryder First-Quarter Earnings Rise 5%
Stronger supply chain and dedicated unit profits helped Ryder System Inc. to raise net income 5% to $56.2 million, or $1.05 per share.
April 26, 2016NLRB Action Claims Intermodal Bridge Transport Misclassified Drivers
Intermodal Bridge Transport, a nationwide port trucking company, is facing a formal National Labor Relations Board action that could become a precedent-setting case involving claims the company misclassified its Southern California drivers as independent contractors.
NPTC Honors Hall of Fame Drivers, Safest Fleets
CINCINNATI — The National Private Truck Council named four drivers to its Hall of Fame and presented awards to nine fleets with the lowest number of accidents per million miles traveled in the past year.