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.
Navistar, Cummins Finalize Engine Agreement
Navistar International Corp. said Monday it has reached long-term supply agreements with Cummins Inc. for heavy-duty diesel engines and emissions aftertreatment technologies.
October 22, 2012Port of Long Beach Gets $1.34 Million EPA Grant
The Port of Long Beach announced it has received a $1.34 million grant from the U.S. Environmental Protection Agency for cleaner diesel technology.
October 22, 2012FedEx Sees Record ‘Green Monday’ in December, Driven by Online Sales
FedEx Corp. said it is expecting record volume, fueled by online sales, on “Green Monday” in early December, the busiest online shopping day of the year.
October 22, 2012Caterpillar Posts $1.7 Billion Profit, Lowers Outlook
Heavy equipment maker Caterpillar Inc. reported a $1.7 billion third-quarter profit, up 49% from the same quarter last year, and lowered its full-year earnings outlook.
October 22, 2012Cross-Border Trucking Program Going to Court
A three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia has agreed to hear oral arguments in December from a pair of federal lawsuits challenging the U.S.-Mexico cross-border pilot trucking program.
October 22, 2012Letters: ‘Good Stuff’ Awards
Thank you for continuing the legacy of my late uncle, Mike Russell. I always get goose bumps when I see his name mentioned, even six years after his untimely passing.
October 22, 20123Q Fleet Failures Rise Slightly; Analyst Sees Danger in Used Truck Prices
Truck fleet failures rose in the third quarter from a 25-year low but the total remained relatively small, according to a new Avondale Partners report, which warned that closures could rise if freight demand falls.
October 22, 2012Wal-Mart Joins Retail’s Rush to Same-Day City Delivery
A push by retailers to provide faster delivery of goods purchased online is stimulating demand for same-day delivery and investments in new companies.
October 22, 2012Medium-Duty Buys Rise 5.9% in September
Medium-duty U.S. retail truck sales increased 5.9% in September from a year earlier, as Classes 4-5 surged, but Class 6 sales slumped, WardsAuto.com reported.
October 22, 2012Menlo Awarded Contract Extension from DOD for Outsourcing Military Freight Shipments
The U.S. Transportation Command said it has awarded Menlo Worldwide Logistics a one-year extension on its contract to outsource military freight shipments nationwide.
October 22, 2012