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.
Calif. Lawmakers Approve Low-Emission, Alt-Fuel Truck Incentive Bills
California legislators have approved a pair of bills that would provide funding to help fleets purchase low-emission trucks and encourage the development and use of alternative-fuel trucks.
Werner Expects Decreased 3Q Profit; Old Dominion Boosts Tonnage Forecast
Werner Enterprises Inc. said its third-quarter profit will be about 11.8% to 20.6% lower than the previous year, citing increased costs, lower income from equipment sales and the recent change to the hours-of-service rule for truck drivers, among other factors.
September 17, 2013More than 65,000 U.S. Bridges Labeled as ‘Structurally Deficient,’ AP Says
A recent analysis of the federal National Bridge Inventory shows that 65,605 bridges are classified as “structurally deficient” and 20,808 are “fracture critical,” the Associated Press reported.
September 17, 2013Honeywell Completes Acquisition of Intermec
Honeywell International Inc. said it completed its acquisition of mobile computing company Intermec Inc. for $600 million.
September 17, 2013McLeod Offers New Versions of Products
SCOTTSDALE, Ariz. – McLeod Software unveiled the latest versions of LoadMaster and PowerBroker.
Consumer Price Index Grows Slightly in August
The consumer price index rose 0.1% in August, the least in three months, the Labor Department said Sept. 17.
September 17, 2013Industry Marks National Truck Driver Appreciation Week
Sunday kicked off National Truck Driver Appreciation Week, which runs through Saturday and celebrates America’s truck drivers.
September 16, 2013Cummins Announces New Heavy-Duty Engine for International Market
Cummins Inc. said Sept. 16 it has developed a heavy-duty 6-cylinder engine designed for the on- and off-highway global market.
September 16, 2013Report: Trading of Ethanol Credits Has Driven Prices Up
Trading of ethanol credits among banks has caused drastic increase in the prices gasoline refiners pay for the credits, the New York Times said.
September 16, 2013I-5 Skagit River Bridge Opens in Washington
The Interstate 5 bridge over the Skagit River in Washington state opened Sept. 15 with a permanent span to replace the section that collapsed in May, the Washington State Department of Transportation said.
September 16, 2013