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.
Penske Offering CNG-Powered Freightliners for Rental
Penske Truck Rental said it has 85 compressed-natural gas Freightliner Cascadia semi-tractors available for commercial rental use in select markets.
May 12, 2014Trucking Holds as Dominant Freight Mode, ATA Trends Report Says
Trucking remains the dominant U.S. mode of freight transportation, hauling 69.1% of freight last year totaling 9.7 billion tons, with both figures up from a year earlier, American Trucking Associations reported May 12.
May 12, 2014Trimac’s First-Quarter Earnings Decline
Trimac Transportation’s first-quarter earnings declined from a year ago, and revenue improved.
May 12, 20143M, Rush Set CNG Tank Partnership
3M and truck dealership Rush Enterprises announced an agreement to pursue the design, manufacture and installation of compressed-natural gas tanks for use in Classes 6-8 trucks in North America.
May 12, 2014Lawmakers to Unveil $8.2 Billion Bill That Deepens Ports Ahead of Panama Canal Expansion
House and Senate transportation leaders said they would unveil an $8.2 billion water policy bill that would approve the deepening of U.S. ports to accommodate larger ships traveling through an expanded Panama Canal next year.
PeopleNet Adds Integration With Canadian Tire-Pressure Monitoring Provider
PeopleNet Communications Corp. said it has integrated its onboard systems with Valor, a Canadian tire pressure monitoring provider.
New Class 8 Orders Increase 5%
New Class 8 truck orders rose 5% in April, even as demand for new equipment slowed from the rapid growth seen in previous months, ACT Research Co. reported.
May 12, 20141Q Driver Pay Accelerates
Driver pay rose in the first quarter at a faster pace than at any time since trucking’s last peak period almost a decade ago as industry capacity shrinks and the driver shortage worsens, a new report said.
May 12, 2014Intermodal Freight Increases 2.6% Despite Harsh Winter, IANA Says
Truck-rail shipments rose 2.6% in the first quarter from a year earlier despite significant winter weather challenges, the Intermodal Association of North America reported.
May 12, 2014Opinion: Intermodal: An Infrastructure Success Story
Moving America forward. Designed to move a nation. These aren’t just slogans — they’re mission statements for two industries that are critical pieces of the U.S. economy.
May 12, 2014