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.
First-Time Jobless Claims Decline
Fewer Americans than forecast filed applications for unemployment benefits last week, a sign persistent demand is fueling gains in the labor market.
November 6, 2014Mercedes Rolls Out 4x4 Sprinter to Boost Van Presence in North America
CHARLESTON, S.C. — Mercedes-Benz is ramping up efforts to become a bigger player in the competitive North American large van market, with the announcement of a 4x4 Sprinter option for 2015 and plans to shift some production from Germany.
DOT Must Grapple With Effects of Climate Change on Infrastructure, Report Says
Making transportation infrastructure more resilient to the symptoms of climate change is an increasingly significant aspect of planning at the U.S. Department of Transportation, according to a new DOT report.
Rep. DeFazio to Pursue Top Democrat Spot on House Transportation Panel
Oregon Democrat Peter DeFazio will look to take over as the ranking member on the House Transportation and Infrastructure Committee in the next Congress, a senior House aide told Transport Topics.
FedEx Freight’s Logue to Retire; Ducker Is Successor
FedEx Freight CEO William Logue, who led the unit back to historical profitability levels, will retire for health reasons Dec. 31, to be succeeded by Michael Ducker, chief operating officer of FedEx Express.
November 5, 2014Transplace Acquires Logistics Firm LMS
Logistics service provider Transplace Inc. said it has acquired Logistics Management Solutions, a non-asset-based logistics firm in St. Louis, with strong ties to the chemical and industrial manufacturing industry sectors.
November 5, 2014Caterpillar Begins Production of New Class 8 Truck
Caterpillar Inc. announced it has begun full production of its new Class 8 CT681 vocational truck.
Accuride Reports Third-Quarter Income of $1.2 Million
Accuride Corp. reported a third-quarter income of $1.2 million and said sales increased on strength of the North American commercial vehicle industry.
November 5, 2014October Class 8 Orders Soar to Second-Highest Total Ever
New Class 8 truck orders skyrocketed in October to 46,200 units, the second-highest level in history, ACT Research reported.
ATA Sells Truck Fleet Management to Bobit
Truck Fleet Management, a magazine run by Transport Topics Publishing Group to cover work trucks and other medium-duty vehicles, has been sold to Bobit Business Media.
November 5, 2014