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.
Rush Enterprises 3Q Income Down 15% on Energy Sector Woes
Rush Enterprises Inc., a multistate network of truck dealerships and related services, reported third-quarter net income fell 15% year-over year as sharp declines in the energy sector cut into sales of related Class 8 trucks and aftermarket services.
October 21, 2015GM Profit Beats Expectations on Strong Truck Sales
General Motors Co. reported third-quarter profit that beat analysts’ estimates as strong light-truck sales in the United States and stable operations in China produced a record $3.1 billion in adjusted earnings before interest and taxes.
Railcar Orders' Biggest Drop Since 1980s Hints at Slump in Industrial Production
North American railcar orders plummeted the most in at least 27 years as railroads shipped less oil and sand used for drilling, adding to concern over a U.S. industrial production slowdown.
UPS’ Thomas Takes Reins From Long as ATA Chairman, Calls on Congress to Pass Highway Bill
PHILADELPHIA — For his first act as the new chairman of American Trucking Associations, Pat Thomas urged Congress to pass a multiyear highway bill that would address the industry’s safety and infrastructure funding concerns.
Exclusive: Graves to Depart as ATA President at End of 2016
PHILADELPHIA — Bill Graves, president of American Trucking Associations, has informed the federation that he will step down at the end of 2016, when his current contract expires.
ATA Board Urges OEMs to Add Automatic Emergency Braking Systems
PHILADELPHIA — As American Trucking Associations wrapped up its annual Management Conference & Exhibition here Oct. 20, the board of directors urged the nation’s truck and car manufacturers to equip all new vehicles with automatic emergency braking systems.
Newhouse: Poll Finds Favorable View of Trucking Industry
PHILADELPHIA — A majority of Americans have a favorable view of the trucking industry and say that, in car-truck accidents, the motorist is at fault most of the time.
New Chairman Pat Thomas Heads List of ATA Leadership Changes
PHILADELPHIA — American Trucking Associations updated its top leadership at the end of its Management Conference & Exhibition here Oct. 20, with Pat Thomas of UPS Inc. elected the federation's 71st chairman.
'Miracle on the Hudson' Co-Pilot Says Lessons Learned Can Apply to Any Industry
PHILADELPHIA — Focusing on people more than tools has enabled the airline industry to improve its safety record, the co-pilot of the US Airways flight that was forced to land in the Hudson River nearly seven years ago told attendees at American Trucking Associations' Management Conference & Exhibition on Oct. 20.
Cargo Thefts Decline in Third Quarter
Cargo thefts in the United States and Canada declined to $22.5 million from $45.8 million during the same period last year, according to CargoNet, which tracks trucking cargo crimes.
October 20, 2015