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.
VW Offers $9.2 Billion for Remaining Scania Stake
Volkswagen AG has offered 6.7 billion euros ($9.2 billion) to Scania AB shareholders to buy the remaining 37.4% of the Swedish truck maker, part of a plan to become a global heavy-truck manufacturer, Bloomberg News reported.
February 24, 2014Canada, US Launch Truck Pre-Inspection Program at Peace Bridge
Canada and the United States have launched the second phase of a pilot program designed to speed freight flow at the border by having U.S.-bound trucks inspected on Canadian soil.
February 24, 2014Mack Sets Goal of Reaching 10% Market Share This Year
ALLENTOWN, Pa. — Mack Trucks’ new president of North American sales and marketing said the company has set its sights on reaching 10% market share this year by growing its over-the-road truck business while retaining its traditional strength in vocational and regional haul.
February 24, 2014Daimler Trucks Expects Large Sales, Earnings Growth in 2014
Daimler AG’s truck unit expects to increase sales and profit in 2014, which eventually will help it reach a medium-term goal of an 8% return on sales, its top executive said.
February 24, 2014Panel Recommends $3.13 Truck Toll for Seattle Tunnel
A joint city-state committee has recommended that large trucks be charged $3.13 during peak hours to use Seattle’s Highway 99 tunnel when it is completed.
February 24, 2014Truck Drivers Call for an End to Congestion at Port of Virginia
Truck drivers called for an end to congestion at the Port of Virginia during a meeting attended by a port executive, the Virginian-Pilot reported.
February 24, 2014Gasoline Rises 12¢ to $3.41 on Lundberg Survey
The average U.S. retail price of a gallon of gasoline increased 12 cents to $3.41 on Feb. 21, from two weeks prior, according to Lundberg Survey Inc.
February 24, 2014Higher Rates, Driver Pay Seen as Capacity Tightens, Costs Rise
MANALAPAN, Fla. — The driver shortage and rising costs are likely to boost both motor carrier freight rates and driver pay, though it’s not clear yet how much either will increase, industry officials said.
February 24, 2014SmartWay Marks a Decade of Improving Fuel Economy
In the beginning, it was just a germ of an idea among some trucking leaders and environmental regulators: Improve fuel efficiency and reduce emissions in the freight-transportation sector by forging a voluntary partnership between government, trucking and shippers.
February 24, 2014