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.
Ryder’s Natural-Gas Truck Fleet Surpasses 30 Million Miles
Ryder System Inc. has announced that its fleet of natural-gas vehicles has surpassed 30 million miles.
January 28, 2015Fiat Chrysler Quarterly Profit Rises on Ram, Jeep Demand
Fiat Chrysler Automobiles reported profit that missed analysts’ estimates as costs for recalling faulty vehicles blunted the benefits from a stronger dollar and sales of Ram pickups and Jeep SUVs in the U.S.
SAF-Holland Unveils Aftermarket Parts Electronic Catalog
LAS VEGAS — SAF-Holland, a manufacturer whose products include suspensions and fifth wheels, introduced its aftermarket parts on demand electronic catalog.
Trailer Orders Jump to Record Level in 2014
New trailer orders jumped in December to the second-highest level on record, rounding out the trailer industry’s best year for order placement, according to ACT Research.
January 28, 2015Gasoline Price Breaks Unprecedented 123-Day Losing Streak With Half-Penny Rise
Just when the U.S. was pennies away from reaching $2 a gallon at the pump, prices rebounded.
Nev. DOT Hires Consultant for Freight Plan; State Sees Logistics as Economic Development Tool
Nevada’s Department of Transportation commissioned consulting firm Michael Gallis & Associates to prepare a freight plan that could help the state enlarge and diversify its economy.
Sen. Sanders Introduces $1 Trillion Infrastructure Bill
Sen. Bernie Sanders (I-Vt.), ranking member of the Senate Budget Committee, is proposing legislation that would authorize $1 trillion in spending over the next five years to fund transportation projects around the country.
Improvements to Trucking, Freight Corridors a Top Priority This Year, Shuster Says
Rep. Bill Shuster, the top transportation policy writer in the House, said modernizing freight corridors to help trucks and other modes of transportation improve the way they deliver goods will be a main focus of his committee this year.
Diesel Drops 6.7¢ to $2.866 a Gallon
Diesel’s average pump price fell 6.7 cents to $2.866 a gallon, continuing its seven-month downward trend, the Department of Energy reported.
UPS, Google’s Schmidt Invest in Uber-Type Delivery Startup
Google Inc. chairman Eric Schmidt and UPS Inc. have invested in Roadie Inc., a service that links people who want packages shipped with people willing to drive them.