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.
Kraft to Phase Out Truck Fleet
Kraft Foods Group will phase out its fleet of 200 tractors and 700 trailers by the end of 2014, a company spokeswoman said.
April 29, 2014Foxx Sends Four-Year Transportation Bill to Congress
Transportation Secretary Anthony Foxx sent Congress a four-year transportation bill that relies on business tax reforms as a way to boost funds for a federal highway account that is quickly running out of money.
Paccar’s 1Q Profit Improves as Truck Sales Rise
Original equipment manufacturer Paccar Inc. reported its first-quarter earnings rose on higher truck sales.
April 29, 2014Cummins’ 1Q Income Gains as North America Sales Jump 25%
Engine maker Cummins Inc. said April 29 its first-quarter profit improved on higher North American sales.
April 29, 2014Eaton’s First-Quarter Incomes Improves
Vehicle component maker Eaton Corp. said its first-quarter net income rose to $441 million, or 92 cents a share, from $380 million, or 79 cents, a year earlier.
April 29, 2014Allison’s Income Nearly Doubles
Allison Transmission Holdings reported its first-quarter net income nearly doubled on stronger conditions in the trucking industry.
April 29, 2014Wabash National’s 1Q Earnings Rise 27%
Trailer maker Wabash National Corp. reported its first-quarter net income jumped 27% as demand for new trailers strengthened.
Diesel Rises 0.4¢ to $3.975 a Gallon; Gasoline Gains for 12th Straight Week
Diesel rose 0.4 cent to $3.975 a gallon, its second weekly increase following five declines, and gasoline rose for a 12th straight week, the Department of Energy reported April 28.
April 29, 2014March Trailer Orders Surge 71.6%
Strong demand for new trailers continued in March as order activity surged 71.6% from the same month a year ago, ACT Research reported.
Consumer Confidence Dips in April
Consumer confidence declined in April, the New York-based Conference Board said.
April 29, 2014