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.
ArcBest CEO McReynolds Named ATRI Chairwoman
Judy McReynolds, CEO of ArcBest Corp., has been chosen the new chairwoman of the American Transportation Research Institute.
October 27, 2014Diesel Price Falls 4.2¢ to $3.656; Gas Lowest Since January 2011
The U.S. diesel average fell 4.2 cents a gallon to $3.656 last week, its biggest decline in a year and a half, the Department of Energy reported Oct. 20.
October 27, 2014Resale Market for Used Natural-Gas Trucks Offers Fleets Lower-Priced Alt-Fuel Options
Buyers wary of paying a premium for brand-new alternative-fuel vehicles are lifting the nascent market for previously owned natural gas-powered trucks, industry experts said.
October 27, 2014Truckload Profits Grow in 3Q On Tight Capacity, Rate Hikes
Large truckload carriers generally reported strong third-quarter profit growth last week, driven by elevated demand for freight hauling, tight capacity and strong rate increases.
October 27, 2014Voters to Decide on Setting Up Bank to Repair Louisiana’s Roads, Bridges
Louisiana will vote Nov. 4 on a constitutional amendment that backers said is necessary if the state is to create an infrastructure bank to finance road projects.
October 27, 2014Heartland’s Third-Quarter Earnings Rise
Heartland Express’ third-quarter profits climbed 43% from a year ago as freight demand remained strong.
Volvo’s Truck Division Posts Higher 3Q Results
Volvo AB’s truck division posted improved third-quarter financial results as North American truck deliveries increased from a year earlier.
Trailer Orders Soar in September to Highest Level Since 2005
September trailer orders spiked 86.2% from a year earlier and soared to the highest level in nearly a decade, ACT Research reported.
Con-way Workers Vote Down Teamsters at Two of Three SoCal Locations
Workers at two of three Con-way Freight terminals in Southern California voted against joining the Teamsters union, while a third, in Los Angeles, voted narrowly in favor of representation, the company said.
Ryder to Lease 100 Nat-Gas Trucks to Montreal-Based C.A.T.
Quebec-based Canadian American Transportation Inc. signed a lease agreement with Ryder System Inc. for 100 compressed natural gas sleeper tractors in what Ryder said was its largest natural-gas deal to date in North America.