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.
Consumer Spending Increases by Most in Three Months
Consumer spending in the United States rose in February by the most in three months as incomes increased, a sign that economic momentum was returning as Americans recovered from an unusually harsh winter.
March 28, 2014Intermodal Rail Traffic Rises 10.6% for Week
U.S. rail intermodal traffic increased 10.6% in the week ended March 22 compared with the same week last year, the Association of American Railroads reported.
March 28, 2014Mack Seeks to Boost Longhaul Sleeper Sales
LOUISVILLE, Ky. — Mack Trucks executives want to increase sales of longhaul sleeper trucks, especially this year when they see purchases of North American Class 8 vehicles rebounding from a dip in 2013.
Volvo to Hire More to Meet Increasing Demand
LOUISVILLE, Ky. — Volvo Trucks is so confident the North American Class 8 market is growing that the original equipment manufacturer is hiring 200 more employees at its Dublin, Va., assembly plant.
ATA Pressing Congress on Renewing Natural-Gas Tax Credit
American Trucking Associations is pressing Congress to renew the tax credit for natural gas and propane, saying the credit encouraged people and businesses to switch to the alternative fuels.
Ohio Upholds Law Preventing Municipal Taxes for Carriers
The Ohio Supreme Court has held that a state statute does not allow municipalities to tax the income of motor carriers.
Ivan Vasovic Wins Goodyear Highway Hero Award
LOUISVILLE, Ky. — Ivan Vasovic, a truck driver for Hub Group Inc., received the Goodyear Highway Hero award at the Mid-America Trucking Show.
Navistar Shows Telematics Solution, Sees Industry Growth
LOUISVILLE, Ky. — Navistar International Corp. showcased its OnCommand Connection telematics software as the truck maker reported continued strength in orders.
Utility Forecasts Strong Year for Trailer Sales
LOUISVILLE, Ky. — A top official at Utility Trailer Manufacturing Co. said he expects sales to reach 40,000 units this year, exceeding the company’s record of 38,628 units sold last year.
Deal Reached to End Vancouver Port Trucker Strike
Truckers at Port Metro Vancouver reached a deal to end a strike that began March 10, the Vancouver Sun reported.
March 27, 2014