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

Armstrong to Succeed Pigott as Paccar Inc. CEO in April

Paccar Inc. announced that Ronald Armstrong will become CEO in April, succeeding Mark Pigott, who has led the global truck manufacturer for 17 years.

December 23, 2013
Business

Year in Review: Freight Level Rises Despite Uncertainty

A year that saw steady improvement in demand for freight hauling also brought uncertainties in the form of a partial government shutdown, a fumbled rollout of a new health-care law and regulatory changes, including new rules on driver hours of service and an increase in the surety bond requirement for freight brokers and forwarders.

December 23, 2013
Business

United Road Buys Waggoners, Boosting Auto-Haul Capacity

United Road Services said it has acquired the auto transport division of Waggoners Trucking, combining two of the five largest car haulers at a time when vehicle sales are continuing to gain strength.

December 23, 2013
Government, Business

US to Study Split Sleep Rule

The Federal Motor Carrier Safety Administration said last week it would move forward with a field study on the effect of split rest times for truckers who use sleeper berths.

December 23, 2013
Business

Westport Plans Update to Nat-Gas Technology

Westport Innovations said it will partner with truck and engine manufacturers to deliver the next generation of its natural-gas engine technology.

December 23, 2013
Business, Fuel

Diesel Dips 0.8¢ to $3.871; Gasoline Falls for 3rd Week

Diesel dipped less than a penny for a second week, declining 0.8 cent to a national average of $3.871 a gallon, and gasoline fell 3 cents to $3.239, its third straight drop, the Department of Energy reported Dec. 16.

December 23, 2013
Business

J.J. Keller Names New CEO

Transportation safety and compliance firm J. J. Keller & Associates Inc. announced that Marne Keller-Krikava will succeed her uncle, James Keller, as the company’s president and CEO on Jan. 1.

Seth Clevenger | Managing Editor, Features and Multimedia
December 20, 2013
Business

Truck Tonnage Surges 8.1%, Hits Record

Truck tonnage surged again in November, rising at an 8.1% pace and setting another record, American Trucking Associations reported.

December 20, 2013
Business

Navistar Loses $154 Mln. in 4Q, Revenue Falls on Weak Sales

Navistar International Corp. narrowed its loss in its fiscal fourth quarter, but revenue fell, with sales declining in all of its business segments.

December 20, 2013
Business, Logistics

TransForce Says Acquisition of Clarke Units Will Close Jan. 1

TransForce Inc. said its acquisition of two units of Clarke Inc. will be completed by Jan. 1.

December 20, 2013