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.
TransForce Wraps Purchase of Vitran
TransForce Inc. said it has completed its acquisition of Canadian less-than-truckload carrier Vitran Corp.
March 27, 2014Nafta Trade Value Decreases 0.2% in January
U.S. trade with Canada and Mexico in January decreased by 0.2% from 2013, the first year-to-year decline since June 2013, the Bureau of Transportation Statistics reported March 27.
March 27, 2014FedEx Freight to Open Container Freight Station in Chicago
FedEx Freight said it will open a container freight station at its Chicago Summit, Ill., facility to consolidate and sort freight bound for Puerto Rico.
March 27, 2014Existing Home Sales Decline for Eighth Month
Contracts to purchase previously owned homes fell in February for an eighth straight month, a sign of further weakness in the industry.
March 27, 2014Trucking Groups Launch Image Campaign
LOUISVILLE, Ky. — Trucking industry groups launched a campaign here to educate America on the importance of trucking to the nation’s economy and to help recruit a new generation of desperately needed drivers to keep freight moving.
Kenworth, Peterbilt Showcase Model Improvements, Predict Higher Sales
LOUISVILLE, Ky. — The two North American truck makers of Paccar Inc. showed off their improvements in fuel efficiency and driver information technology, and predicted improving Class 8 sales this year.
Jobless Claims Decline to Four-Month Low
Applications for U.S. unemployment benefits declined last week to an almost four-month low, a sign companies are confident in the outlook for demand.
March 27, 2014Amp Trillium Opens CNG Station in Perry, Ga.
Amp Trillium opened its first CNG public fueling station in Perry, Ga., built to serve Frito-Lay’s heavy-duty Class 8 tractor-trailers.
March 27, 2014Dana Unveils Lighter Weight Axles
LOUISVILLE, Ky. — Dana Holding Corp. introduced several new products, including lighter weight steer axles and new tandem axles designed to match higher torque output from engines that run at slower revolutions per minute to save fuel.
Heil Plans to Re-Enter Stainless-Steel Trailer Market
LOUISVILLE, Ky. — Heil Trailer International announced plans to re-enter the market for stainless steel tank trailers as part of an effort to expand and diversify the market for the company’s products.