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.
API Chief Jack Gerard: Infrastructure Priorities Transcend Politics
Jack Gerard, executive director of the Washington-based American Petroleum Institute, told the House Transportation and Infrastructure Committee on Feb. 3 to put aside political differences and agree on long-term funding programs that modernize the country’s aging transportation network.
Washington DOT Files $17 Million Lawsuit in Skagit Bridge Collapse
The Washington State Department of Transportation has filed a $17 million lawsuit against the motor carrier and driver involved in the 2013 Interstate 5 Skagit River bridge collapse, the Associated Press reported Feb 3.
Michael Jackson Retiring as Western Star GM
Michael Jackson, general manager of Western Star Truck Sales, will retire at the end of March, parent company Daimler Trucks North America announced Feb. 3. He will be succeeded by Kelley Platt.
Navistar Adds Cummins ISB to WorkStar
Navistar has added the Cummins ISB 6.7-liter diesel to the engine lineup of its International WorkStar vocational model, the truck manufacturer announced.
February 3, 2015Judge Awards $2.2 Million in Pacer Drayage Case
A California court has awarded seven drayage drivers for an XPO Logistics subsidiary $2.2 million in an ongoing battle over worker classification that could continue with more legal action this week.
February 3, 2015Diesel Drops 3.5¢ to $2.831; Gas Gains for First Time Since September
Diesel’s national average price fell 3.5 cents to $2.831 a gallon, a new five-year low, while gasoline rose for the first time since September, the Department of Energy reported Feb. 2.
Feb. 3 Earnings Roundup: Heartland, Robinson, Ryder, Eaton
Heartland Express Inc., C.H. Robinson Worldwide Inc., Ryder System Inc. and Eaton Corp. reported increased fourth-quarter earnings as trucking-related business across the industry benefited from an improving economy and growing demand.
February 3, 2015UPS Earnings Fall 1.9%, Hurt by Higher Package Costs
UPS Inc. announced 1.9% lower fourth-quarter earnings, excluding one-time charges, of $1.13 billion, or $1.25 per share, that were hurt in both 2014 and the prior year by a miscalculation of peak holiday shipment demand.
February 3, 2015Volvo Launches VAH 630 Autohauler Model
Volvo Trucks introduced the Volvo VAH 630, a premium sleeper version for longhaul auto-hauling operations.
Truck Fatal Crash Rate Declines 1.6%, Says ATA of Federal Data
Despite a 0.5% rise in the number of large truck-involved crash fatalities in 2013, the actual truck-involved crash fatality rate declined by 1.6% in 2013, according to American Trucking Associations' calculations of Federal Highway Administration data.