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.
Wabash Adds New Trailer Tail; Aerodynamic Device Is Fourth Offered in 2015
Trailer maker Wabash National Corp. has unveiled AeroFin XL, its fourth aerodynamic solutions product offered this year.
December 21, 2015Self-Driving Delivery Robot Could Be Santa's New Helper
Fleets of small autonomous robots soon could become a familiar presence on public pathways with the advent of ground-based drones that aim to improve local delivery of goods and groceries.
Gasoline Falls Below $2 a Gallon for First Time in 6 Years
Just as Americans start to hit the road for the holidays, the average price of gasoline at the pump has dropped below $2 a gallon for the first time in more than six years as global oil supply continues to surge.
Heavy-Duty Sales Up 15.1%
U.S. retail sales of Class 8 trucks were 19,231 in November, up 15.1% from a year earlier and the third-highest total for the month since 2000, WardsAuto.com reported.
Opinion: Truckers Cautious of Automated Load-Matching
Will the Uber model for transporting people revolutionize the trucking industry’s methods for transporting freight? In a word, no.
December 21, 2015Editorial: Racing to the Finish
The year is not coasting to a quiet conclusion.
December 21, 2015Congress Imposes Hurdles for Restoring HOS Restart
An expansive fiscal 2016 funding bill that avoids a shutdown of the federal government offered a significant victory for the trucking industry by extending the suspension of the hours-of-service restart rule, but it did not include language to allow twin 33-foot trailers nationwide.
Navistar Narrows Loss, Proposes SEC Settlement
Navistar International Corp. reported lower net losses for its fourth quarter and the 2015 fiscal year ended Oct. 31 and forecast it would improve on those trends and turn cash flow positive and profitable in 2016.
Trucking Ready for Increases as Interest Rate Hikes Begin
The Federal Reserve raised interest rates Dec. 16, announcing a quarter-point increase from the record lows set during the financial crisis of the 2008-2009 recession.
FedEx Second Quarter Net Income Rises on Gains at Express, Ground Units
Continued profit improvement at the Express and Ground units helped FedEx Corp. raise overall net income in its fiscal second quarter by 4% to $691 million, or $2.44 per share.