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.
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, 2014Diesel 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.
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, 2014Norfolk 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, 2014Despite 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.
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, 2014Knight 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, 2014Daimler 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, 2014Navistar 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, 2014YRC, 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.