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.
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, 2013Year 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, 2013United 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, 2013US 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, 2013Westport 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, 2013Diesel 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, 2013J.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.
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, 2013Navistar 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, 2013TransForce 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