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.
Feud Over Toll Plan Rages
The war of words between Rhode Island officials and the state’s trucking association over Gov. Gina Raimondo’s truck-only tolling infrastructure plan just keeps boiling.
Opinion: Telematics Investment Requires Due Diligence
Transportation and fleet managers have wrestled for years with the cost versus benefit of incorporating telematics on their trucks. The term telematics derives from the combination of telecommunications and informatics and represents a variety of devices also known as onboard computer systems.
February 8, 2016Editorial: ‘Pro-Business’ Rhode Island
Last May, speaking at a welcome dinner as part of a global ocean race, Rhode Island Gov. Gina Raimondo urged those in attendance to take away two important points from the event.
February 8, 2016Navistar Unveils HX Series, First New Truck Since 2010
With the debut of its HX series, International Truck has launched a new Class 8 truck for the first time since 2010, intending, it said, to regain its lead in the vocational market’s severe-service segment.
Love's Agrees to Buy Trillium; Deal Seen as Boon to Nat Gas
Love's Travel Stops has entered into an agreement to purchase Trillium CNG, a nationwide operator and developer of compressed natural gas fueling stations, a move observers say validates the future of alternative fuels.
Cummins’ Engine Lead Shrinks as Daimler Hits 30% of Market
As the 2015 North American truck market surged, Cummins Inc. kept its lead in installing heavy-duty engines despite most truck makers carving out a greater share compared with 2014 — a trend Cummins management said will continue this year.
E-Commerce Powers UPS to 23% Rise in 4Q Profit
UPS Inc. raised fourth-quarter net income on an adjusted basis by 23% to $1.41 billion, or $1.57 per share, as a transition toward e-commerce package deliveries to consumers accelerated during the 2015 peak holiday shipping season.
LTLs Post Lower Results During Challenging 4Q
Less-than-truckload carriers remained profitable during the fourth quarter but had a tougher time operating compared with earlier periods in 2015 as well as the final quarter of 2014, recent earnings statements show.
US Diesel Average Declines 4¢ to $2.031; Price Has Fallen 47.1¢ Over 12 Weeks
The U.S. retail diesel average price fell for the 12th consecutive week, dropping 4 cents a gallon to $2.031, less than 1 cent above the lowest price in the era of ultra-low-sulfur fuel, the Department of Energy reported.
Omnitracs Debuts Next-Gen Telematics System
DALLAS — Omnitracs has unveiled its next-generation telematics platform, which introduces voice recognition and expands wireless connectivity within the truck.