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.
UPS Makes Collision-Mitigation Technology Standard on Class 8 Tractors It Orders
NORWALK, Ohio — UPS Inc. announced it is making collision-mitigation technology from Bendix Commercial Vehicle Systems standard equipment on every Class 8 tractor the company orders.
EPA Rule Change Could Result in Noncompliance, Loss of Federal Funding, Chamber of Commerce Says
WASHINGTON — A small change in the cap for ground-level ozone emissions could lead to wide-scale noncompliance of environmental rules, and a major business group says that could be flipped into the federal government yanking funding commitments for highway and transit projects.
Senate Proceeds With Amendments to Highway Bill, Schedules Sunday Session
The Senate on July 24 voted 51-26 to allow debate on amendments to a six-year highway bill.
FedEx Agrees to Buy $10 Billion of Boeing 767 Jet Freighters
FedEx Corp. agreed to buy 50 Boeing Co. 767 freighters with a list value of about $10 billion, the model’s largest-ever order, as it upgrades the fleet at the FedEx Express unit.
Sales of Existing Homes Climb to Highest Level in 8 Years
Sales of previously owned U.S. homes climbed to an eight-year high in June as momentum in the residential real estate market accelerated.
July 22, 2015Higher Rates Help Knight, Covenant Improve Profits
Two of the nation’s largest truckload fleets raised second-quarter earnings with help from rate increases.
Two Transport Firms, Truck Dealer Report Lower Second-Quarter Profits
Two transport companies and a major truck dealer reported lower second-quarter results.
July 21, 2015Navistar Receives Order for 1,050 Trucks
Truck maker Navistar Inc. said it has received an order for 1,050 of its International brand Class 8 on-highway tractors under a new three-year supply agreement with an unidentified leasing company.
July 21, 2015ATA Backs Legislation Authorizing Interstate Pilot Programs for Younger Drivers
American Trucking Associations endorsed congressional legislation that would lead to a graduated licensing program for commercial drivers.
July 21, 2015Senate Blocks Highway Bill; Dems Want More Time for Review
The Senate voted not to proceed with a six-year highway policy measure July 21 that transportation leaders and the chamber’s Republican leadership crafted after several intense days of negotiations.