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.
Berend Bracht Picked to Succeed Joe McAleese as Bendix CEO
Berend Bracht has been appointed to replace Joe McAleese as CEO of Bendix Commercial Vehicle Systems, the Elyria, Ohio-based manufacturer of safety and braking systems for commercial vehicles.
Infrastructure Jobs Lift Economic Well-Being of Low-Income Workers, Brookings Study Says
Infrastructure jobs provide higher and more equitable wages for low-income workers compared with all job categories nationally, said a new report that makes the case Congress should approve a long-term transportation bill.
Photo Gallery: Images of Freightliner's Inspiration Truck
See photos of Freightliner's Inspiration Truck, the first autonomous-driving truck licensed to travel on a road in the United States. Plus, video inside and outside of the truck.
May 7, 2015Volkswagen Creates Truck Group to Push MAN, Scania Cooperation
Volkswagen AG created a holding company for its MAN and Scania heavy-truck units in the latest effort to kick-start cost savings and cooperation efforts after buying the former rivals.
May 7, 2015Ford's April Sales Reflect Surge in US Van Purchases
Ford sold more vans last month than it has in any April in almost 30 years, and U.S. van sales by unit have more than doubled in the past five years, according to data from Edmunds.com.
Quality Distribution Agrees to $800 Million Sale to Private Equity Firm
Tank carrier Quality Distribution Inc. has agreed to be acquired for approximately $800 million by private equity firm Apax Partners, the companies announced.
May 7, 2015Jobless Claims in US Hover Near Lowest Levels in 15 Years
Fewer Americans than forecast filed applications for unemployment benefits last week, dropping the average over the past month to the lowest in 15 years, indicating companies are holding on to workers.
May 7, 2015Weekly Intermodal Rail Traffic Rises 5.7%
U.S. rail intermodal traffic rose 5.7% in the week ended May 2 compared with the same week last year as carload traffic declined 4.8%, the Association of American Railroads reported.
May 7, 2015Carrier Panel Shows Differing Views on LNG, CNG Fuel Choices
DALLAS — Several trucking executives gave their reasons for changing some of their fleet operations to either compressed or liquefied natural gas, and said they were backers of the alternative fuels for reasons ranging from economic to sustainability.
Alliance AutoGas Debuts First EPA-Certified Propane-Diesel System
DALLAS — A large national propane supplier has introduced a first-ever Class 8 propane-diesel blended fuel system certified by the U.S. Environmental Protection Agency as emissions-complaint.