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.
CRST Founder Smith Dies at 91
Herald Smith, the founder of CRST International, died July 27 at his summer home in Wisconsin at age 91.
SkyBitz Debuts All-In-One Product to Track Trailers and Cargo Status
SkyBitz has launched a product that combines its trailer tracking device and cargo sensor in a package designed to streamline installation.
July 28, 2015Diesel Average Sheds 5.9¢ in 9th Straight Decline; $2.723 Is Lowest Price in Six Years
Diesel’s national average price tumbled to its lowest point since 2009 this week, falling 5.9 cents to $2.723 per gallon, according to the July 27 report from the Department of Energy. Gas also fell 5.7 cents.
July 28, 2015DTNA Declines to Participate in Navistar’s Fuel-Economy Challenge
YOUNTVILLE, Calif. — An executive with Daimler Trucks North America said the company does not plan to participate in the industrywide fuel-economy challenge issued by Navistar Inc. earlier this month.
Roadrunner Buys Stagecoach to Boost Cross-Border Service
Roadrunner Transportation Systems Inc. announced the acquisition of Stagecoach Cartage and Distribution, a cross-border logistics specialist, for at least $35 million to expand the buyer’s U.S.-Mexico services.
GM Launches Diesel-Powered Midsize Pickups
General Motors Co. announced the availability of diesel-powered versions of its Chevrolet Colorado and GMC Canyon midsize pickup trucks.
July 28, 2015Paccar Reports Record Earnings in 2Q
Paccar Inc. reported a record profit in the second quarter as truck sales continued to rise in North America and Europe.
July 28, 2015Daimler Pushes Ahead With Talks to Return to Iran Truck Market
Daimler AG is exploring a return to Iran with its trucks, vans and buses and may team with Iran Khodro Co., the biggest auto producer in the oil-rich country, as western companies seek to benefit from the end of economic sanctions.
Ford Profit Beats Estimates as Buyers Pay Up for F-150 Truck
Ford Motor Co. posted a 44% surge in second-quarter profit, exceeding analysts' estimates thanks to consumers paying big money for fully loaded versions of the new aluminum-body150 pickup.
Consumer Confidence Drops by Most Since August 2011
Consumer confidence slumped in July by the most since August 2011 as Americans grew less upbeat about prospects for the economy, employment and their finances.