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, Equipment

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, 2013
Business

Westport 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, 2013
Business, Government

Consumer Price Index Rises in September

The consumer price index rose 0.2% in September, the Labor Department said Oct. 30.

October 30, 2013
Business

Saia’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, 2013
Government, Business

Lawmakers 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.

Scott Gutierrez | Staff Reporter
October 30, 2013
Business

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, 2013
Business

Navistar 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, 2013
Government, Business

Feds 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.

Eric Miller | Senior Reporter
October 29, 2013
Business, Equipment

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, 2013
Business

Paccar’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