Business

About Business News...

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.

Business

Mack Offers Air Disc Brakes on Vocational Trucks

Mack Trucks Inc. said it is offering optional EX+ air disc brakes from Meritor Inc. on its vocational trucks.

January 22, 2014
Business, Fuel, Government

Diesel Price Declines to $3.873; Gasoline Also Falls

Diesel and gasoline both fell for a second straight week, with diesel declining 1.3 cents to $3.873 a gallon, the Department of Energy reported.

Michael G. Malloy | Web Editor
January 22, 2014
Business, Government, Safety

Marten Reports Record Earnings in 2013

Truckload carrier Marten Transport reported 2013 was the best financial year in its history, but fourth-quarter income declined.

January 22, 2014
Business

Norfolk Southern Fourth-Quarter Profit Rises

Norfolk Southern Corp. said its fourth-quarter profit increased 24%, and income from railway operations rose 23% to $881 million.

January 22, 2014
Business

Despite Cost Disputes, Panama Canal Expansion to Move Forward, Authorities Say

ATLANTA — The Panama Canal expansion is expected to move forward on schedule despite an ongoing dispute with contractors over the project’s cost, an administrator for the Panama Canal Authority told an audience of transportation executives here last week.

Seth Clevenger | Managing Editor, Features and Multimedia
January 22, 2014
Business, Logistics

Odyssey Logistics & Technology Acquires Two Firms

Odyssey Logistics & Technology Corp. said it has acquired CMI Freight-Trans and Steel Wheel Transfer. Terms were not disclosed.

January 22, 2014
Business

Knight Increases Earnings Forecasts

Knight Transportation Inc. has increased its profit forecasts for the fourth quarter of 2013 and the first quarter of 2014, citing better performance than it had previously expected.

January 21, 2014
Business

Daimler to Launch Loyalty Program

Daimler Trucks North America said it is preparing to launch a loyalty program aimed at rewarding small fleets and owner-operators.

January 21, 2014
Business

Navistar Makes LED Headlights Standard on ProStars

Navistar International Corp. said headlights that use light-emitting diodes are now standard features on all International ProStar trucks.

January 21, 2014
Business

YRC, Teamsters Announce Tentative New Deal

YRC Worldwide and the Teamsters union said late Jan. 17 that they have reached a tentative new labor agreement to help the carrier deal with its debt and financial situation.

Rip Watson | Special to Transport Topics
January 21, 2014