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.
UPS to Buy 1,000 Propane-Fueled Trucks
UPS Inc. said it is planning to purchase 1,000 propane-fueled delivery trucks and install 50 fueling stations at its facilities, representing a $70 million investment.
March 6, 2014Mack Unveils New Brand Program
LAS VEGAS — Mack Trucks Inc. has unveiled a new brand identity program that includes a sleeker, more modern bulldog, a stronger font for the Mack name and a new tag line.
Navistar's Loss Widens on Lower Sales
Navistar International Corp. said its loss expanded in its fiscal first quarter as sales volumes fell.
March 5, 2014Economy Continues to Expand, Fed Says
The U.S. economy continued to expand from early January to late February, with reports on transportation services mixed as severe weather disrupted supply chains, the Federal Reserve said.
March 5, 2014ABF to Raise Rates 5.4%
ABF Freight System Inc. said it will increase its rates by an average of 5.4%.
March 5, 2014Company Payrolls Rise by 139,000 in February
U.S. companies boosted payrolls by 139,000 in February, according to a private report released March 5.
March 5, 2014February Class 8 Orders Jump 30.2%
New Class 8 truck orders climbed 30.2% in February from a year ago, continuing the trend of strong order activity driven by tight freight capacity and growing confidence in the economy, ACT Research Co. said.
House Approves Bill to Extend Propane Haulers’ HOS Exemptions
The House approved legislation March 4 that would extend through May exemptions to federal hours-of-service rules for truck drivers hauling propane.
March 4, 2014Westport, Delphi Agree to Develop Nat-Gas Injectors
Westport Innovations Inc. and Delphi Automotive have signed an agreement to develop high-pressure fuel injectors for heavy-duty truck engines that use natural gas.
March 4, 2014Conn. Lawmakers Urged to Study Road Salt Alternatives
Connecticut truckers implored the state’s General Assembly to order the Department of Transportation to investigate side effects from the use of magnesium chloride to melt snow and ice on roads and to seek alternative treatments.