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.
VW Trucks Chief Renschler Named Chairman at Scania
Andreas Renschler, head of Volkswagen’s truck division, has been appointed chairman for the global manufacturer’s Scania AB business unit.
June 30, 2015Obama Signs Two Bills, Advancing Trade Plan
President Obama signed two pieces of legislation June 29 that together will allow him to move his trade agenda forward and continue negotiating the Trans-Pacific Partnership free trade agreement.
EPA Proposal Geared to Boost Ethanol Use, Official Says
The U.S. Environmental Protection Agency is aiming to put more ethanol in gasoline even as it reduced the consumption target established in a 2007 energy law, an EPA official said.
Consumer Confidence Exceeds Expectations in June
Consumer confidence increased more than forecast in June as Americans grew more optimistic about the economy and the labor market.
DTNA Honored by DOE for SuperTruck Participation
Daimler Trucks North America won a distinguished achievement award from the U.S. Department of Energy for its participation in DOE’s SuperTruck program, the parent of Freightliner and Western Star Trucks said.
Diesel Price Falls for Fifth Week, Slipping 1.6¢ to $2.843
Diesel’s national average price declined 1.6 cents to $2.843 per gallon, the fifth consecutive decrease, the Department of Energy reported June 29.
June 29, 2015Senate Commerce Committee Votes to Open Access on Key Metrics About US Ports
The Senate Commerce Committee on June 25 gave voice vote approval to legislation that aims to provide access to new key metrics on U.S. ports as a way to help officials detect signs of disruptions to economic sectors.
June 29, 2015GE Announces Fleet Sales Deals With Element, Arval
GE announced an agreement to sell its fleet business in the U.S. and other countries to Element Financial Corp. for $6.9 billion as the seller exits the trucking business to focus on other industrial sectors.
June 29, 2015FRA Says it Will Levy Fines for PTC Violations, Effective Jan. 1
The Federal Railroad Administration signaled that effective Jan. 1 it would begin levying fines against freight and passenger railroads if their positive train control projects are not completed.
Garmin Launches Truck Navigation Device With Built-In Camera
Garmin International Inc. is launching a trucking navigation device with a built-in dash camera.
June 29, 2015