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.
Truck Dealers Say Telematics Advancements Can Help Attract New Crop of Technicians
YOUNTVILLE, Calif. — Telematics and mobile communications can help fleets better utilize their equipment and drivers, while providing truck dealerships the ability to more quickly make repairs and stock replacement parts.
DTNA, Zonar Expect Growth in Predictive Maintenance
YOUNTVILLE, Calif. — Advancements in predictive maintenance will accelerate in the coming years through the partnership between Daimler Trucks North America and Zonar Systems, executives with both companies predicted.
Carriers Seek Dismissal of Suits Filed by TransVantage Bankruptcy Trustee
More than 265 carriers, including dozens from the Transport Topics Top 100 list, are seeking to dismiss claims by the trustee for bankrupt freight payment firm TransVantage.
Caterpillar, Navistar to End Vocational Venture; Plan to Build Severe-Duty Trucks Independently
Caterpillar Inc. and Navistar International Corp. will terminate the arrangement under which Navistar builds vocational trucks for Caterpillar, and each company will move forward with independent lines of severe-duty trucks, the companies announced in separate statements.
CRST Founder Herald Smith Dies at 91; Iowa-Based Fleet Is One of Largest in US
Herald Smith, the founder of CRST International, died July 27 at his summer home in Wisconsin at age 91 after a brief illness.
Obama Signs 3-Month Highway Funding Extension (with video)
President Obama signed the three-month extension of funding for federal highways measures July 31, but criticized Congress for failing to agree on a longer-term solution.
July 31, 2015Old Dominion Net Income Climbs 16%
Old Dominion Freight Line rode a 13% increase in shipments to raise quarterly net income 16% to $85.6 million, or $1 per share.
July 31, 2015US Crude Posts Biggest Monthly Fall Since 2008
U.S. crude posted its biggest monthly drop since the 2008 financial crisis on July 31 after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels.
FedEx Faces In-Depth EU Probe Into Bid to Take Over TNT
FedEx Corp. faces an in-depth probe into its bid to take over TNT Express NV just 2 1/2 years after European Union regulators thwarted UPS Inc.’s attempt to buy the Dutch company.
NHTSA's Rosekind: Hacking Risk May Be Broader Than Fiat Chrysler
The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said July 31.