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.
Democratic Senators Introduce Bill to Delay Positive Train Control
Two U.S. senators have introduced a bill seeking to delay the implementation of positive train control, a safety system the nation’s railroads are supposed to implement by the end of the year.
ARTBA’s Digital Push Gets Public Calling for Highway Bill
A digital campaign launched by the American Road and Transportation Builders Association is encouraging the public to urge congressional lawmakers to pass a multi-year surface transportation bill.
April 21, 2015Paccar’s 1Q Earnings Rise 38%
Paccar Inc. reported first-quarter income rose 38% from a year go on higher truck sales, and the company predicted higher industrywide U.S. and Canadian heavy-duty truck sales for this year.
Rush to Adopt Software From IBM for All Dealers
IBM and Rush Enterprises announced that Rush’s nationwide network of more than 100 truck dealership locations will use IBM DealerWorks enterprise software to provide real-time access to customers.
Echo Global Logistics to Acquire Command Transportation for $420 Million
Echo Global Logistics Inc. agreed to buy brokerage firm Command Transportation for approximately $420 million to expand the buyer’s non-asset-based capabilities for truckload customers.
April 21, 2015Rep. Alan Lowenthal Leads ‘Call to Action’ on Highway Bill
Rep. Alan Lowenthal (D-Calif.) will call on congressional leaders on April 21 to advance a long-term highway bill and to support his legislation that would create a freight transportation infrastructure trust fund supported by a 1% waybill fee on the cost of moving goods.
April 20, 2015Diesel Rises 2.6¢ to $2.78 in First Gain in Six Weeks
Diesel’s national average price rose 2.6 cents to $2.78 a gallon, the first gain in six weeks, as oil prices held near their highest level this year, the Department of Energy reported April 20.
Canadian National Railway Reports First-Quarter Profit
Canadian National Railway Co. reported first-quarter earnings that beat analysts’ estimates as growing demand for forest products and a weaker Canadian dollar buoyed revenue.
ATA Renews Call for Speed Limiters Requirement
American Trucking Associations leaders renewed their request that the Department of Transportation act quickly to issue its proposed rule requiring that electronic speed limiters on all large trucks be set no higher than 65 mph.
TransForce Buys Davis Transportation Services, Another Driver Sourcing Firm
TransForce Inc. has acquired Davis Transportation Services, another driver staffing company.
April 20, 2015