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.
Nat Gas May Increase Emissions, Group Says
A switch to cleaner-burning natural gas as a fuel for heavy-duty trucks actually could increase global warming.
May 25, 2015Senate Sends President Two-Month Highway Funding Extension
The Senate on May 23 easily passed a two-month extension of highway funding authority, sending the measure to the president for his signature. TT's Eugene Mulero discussed on C-SPAN.
Trailer Orders Drop 31% in April Due to Limited Build Slots, ACT Says
Trailer orders dropped 31% in April compared with a year ago, ACT Research said, but the firm attributed the decline to a shortage of remaining manufacturing capacity rather than weaker demand.
Sen. Jeanne Shaheen: D.C. Roads Feel Like a ‘Third World Country’
Sen. Jeanne Shaheen (D-N.H.) borrowed a page from the Joe Biden playbook May 22 by equating an aspect of American infrastructure to that of a Third World country to draw attention to the country’s aging transportation system.
Landstar Appoints New Chairman, Sets Stock Buyback
Landstar System said May 22 that Diana Murphy has been named nonexecutive chairman of the board, effective May 19, and that it raised to 3 million the amount of its stock shares it intends to purchase.
May 22, 2015Old Dominion Promotes Greg Gantt to President
Old Dominion Freight Line announced several management changes, including the promotion of Greg Gantt to president.
May 22, 2015CarrierWeb Appoints James Gamache President
Trucking technology supplier CarrierWeb has appointed James Gamache president of U.S. operations.
May 22, 2015Volvo’s North American Deliveries Rise 18%
Volvo Group’s North American truck deliveries rose 18% in April from a year ago, the company said.
May 22, 2015Core US Consumer Prices Rose in April by Most in Two Years
The cost of living excluding food and fuel rose at a faster pace than expected in April, indicating inflation is inching toward the Federal Reserve’s goal.
Navistar Opens New Proving Grounds in Indiana
Truck and engine maker Navistar Inc. has opened a new test site for its vehicles in New Carlisle, Indiana.
May 21, 2015