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.
NTSB Calls for Connected Vehicle Technology
The National Transportation Safety Board is calling for all new vehicles to be equipped with connected vehicle technology that could allow them to automatically warn drivers about other vehicles at intersections.
Tolling Alliance Launching ‘Interoperability’ Hub
Beginning in September, the Alliance for Toll Interoperability will be enrolling toll agencies across North America in its new central collection system, a hub that founders said is the first step toward toll-system “interoperability.”
OSHA Orders Carrier to Rehire Trucker
The Occupational Safety & Health Administration has ordered a trucking company to reinstate a driver and repay him more than $131,000 for allegedly firing him for refusing to drive longer than allowed by law.
Cummins’ 2Q Income Declines
Engine maker Cummins Inc. said Tuesday its second-quarter earnings declined from a year ago, but sales increased on higher demand in the North American medium-duty truck market.
July 30, 2013Diesel Gains 1.2¢ to $3.915 in Fourth Increase; Gasoline Drops for First Time in Three Weeks
Diesel rose 1.2 cents to $3.915 a gallon, its fourth straight increase, while gasoline declined for the first time in three weeks, the Department of Energy reported.
July 30, 2013MAN’s 2Q Profit Drops on Lower Truck Demand
European truck maker MAN SE’s second-quarter profit fell 67% on higher costs and declining truck demand, Bloomberg News reported Tuesday.
July 30, 2013Oshkosh's Third-Quarter Income Nearly Doubles
Oshkosh Corp.’s fiscal third-quarter income nearly doubled on higher access-equipment sales.
July 30, 2013Consumer Confidence Declines in July
Consumer confidence declined in July, the New York-based Conference Board said Tuesday.
July 30, 2013Pennsylvania Turnpike Tolls to Rise in January
The Pennsylvania Turnpike Commission voted Monday to increase its tolls by 12% for cash users and 2% for E-ZPass transponder users, effective in January.
Penske Automotive to Buy Australian Truck Dealership for $200 Million
Penske Automotive Group said it will buy an Australian truck distributor that sells a variety of truck brands for $200 million.
July 29, 2013