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.
Wabash’s Third Quarter Income Declines
Wabash National Corp. said its third-quarter income declined, but the trailer manufacturer expects a “strong demand” in the fourth quarter.
October 30, 2013Westport Narrows 3Q Loss; Cummins JV Profit Grows
Natural-gas equipment company Westport Innovations Inc. said it narrowed its fiscal loss in the third quarter of 2013, which it called a “transition year,” while its joint venture with Cummins Inc. saw its profit increase.
October 30, 2013Consumer Price Index Rises in September
The consumer price index rose 0.2% in September, the Labor Department said Oct. 30.
October 30, 2013Saia’s Profit Increases in 3Q
Less-than-truckload carrier Saia Inc. said its net income grew to $12.9 million, or 51 cents a share, in the third quarter.
October 30, 2013Lawmakers to Hold Hearing on HOS Rule
The Owner-Operator Independent Drivers Association said the House will hold a hearing in November on the latest federal hours-of-service rule for truck drivers.
Volvo Trucks Offers ‘Optimized’ Regional Haul Models
Volvo Trucks has introduced its Optimized Series of trucks, designed to offer greater fuel efficiency and payload capacity for regional carriers.
October 29, 2013Navistar Wraps Class 8 Transition to SCR
Navistar Inc. said it is taking orders for its International LoneStar tractor with the Cummins ISX15 engine, marking the completion of its Class 8 truck lineup’s transition to selective catalytic reduction aftertreatment.
October 29, 2013Feds Defend ‘Conflict Mineral’ Disclosure Rule in Court
The Securities and Exchange Commission took “numerous steps” to lessen the burdens imposed by a rule requiring that public companies search out and shed their supply chains of “conflict minerals,” according to an appeals court brief filed by SEC attorneys.
Cummins’ Profit Falls on Weak Demand
Cummins Inc. saw its net income decrease in the third quarter as lower demand for capital goods caused revenue to drop.
October 29, 2013Paccar’s Profit Jumps 32.4%
Truck maker Paccar Inc. said its profit increase 32.4% in the third quarter amid higher truck deliveries and record profits in its parts and financial service businesses.
October 29, 2013