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

Covenant Transportation Swings to 3Q Profit

Covenant Transportation Group reported third-quarter net income of $1 million, or 7 cents a share, turning around a net loss of $11.2 million, or 76 cents, a year earlier.

October 31, 2012
Business, Equipment

Cummins’ 3Q Income Drops on Lower Engine Demand

Cummins Inc. said its third-quarter profit slipped from a year ago on lower engine demand.

October 31, 2012
Business

ATA Names Danny Neal VP of National Sales

American Trucking Associations said Wednesday it has named Danny Neal to be ATA’s new vice president of national sales.

October 31, 2012
Business, Fuel

Diesel Declines 8.6¢ to $4.03; Gasoline Takes Another Big Drop

Diesel’s national average price fell 8.6 cents to $4.03 a gallon, the Department of Energy reported, while gasoline dropped almost 12 cents following a big decline last week.

October 30, 2012
Business

States Face Huge Cleanup Following Storm

Hurricane Sandy’s multiple-state path of destruction left transportation systems scrambling to recover, with officials dealing with debris and flooding damage to airports, highways and local roads, news services reported.

October 30, 2012
Business

Both Major Candidates for N.C. Governor Oppose Tolls on I-95

Both of North Carolina’s major-party gubernatorial candidates said they oppose the state’s effort to toll its portion of Interstate 95, one of the nation’s major freight corridors.

October 30, 2012
Business, Technology

Truck Makers Develop Improvements in Aerodynamics for Tractors

While the largest aerodynamic changes are happening on trailers, truck makers said their products also are being made more air-efficient, which has a significant effect on the entire tractor-trailer combination.

John Baxter | Special to Transport Topics
October 30, 2012
Business

SmartWay Alters Its System for Ranking Fleet Emissions

SmartWay, the government’s partnership with the freight industry to improve fuel efficiency and reduce trucking’s carbon footprint, has changed its system for ranking carriers on how well they reduce their greenhouse-gas emissions.

October 30, 2012
Business, Technology

Drivewyze Expands to Rhode Island

Drivewyze Inc. announced that Rhode Island has become the 13th state to adopt Drive-wyze PreClear, a new bypass service provided through smart phones, tablets and select electronic onboard recorders.

October 30, 2012
Business

TTNews Closed Due to Hurricane Sandy

Transport Topics’ offices in Arlington, Va., are closed due to Hurricane Sandy. News updates will be limited due to the storm and TT will resume full operations as soon as possible.

October 29, 2012