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.
SCR Group Urges Strict Urea Guidelines
When heavy-duty engines with selective catalytic reduction technology start rolling in 2010, truckers refilling their trucks’ urea tanks will need to follow strict guidelines to protect the product’s purity to avoid damaging the aftertreatment system, urea experts said.
November 3, 2008Paccar Recalls Tractors for Repairs of Caterpillar DPFs
A total of 3,640 tractors manufactured by Paccar Inc. are being recalled because parts on the diesel particulate filter, or DPF, can fail, causing the component to separate from the chassis and fall onto the road.
November 3, 2008Ontario to Award Grants for Anti-Idling Devices
Ontario trucking companies will be able to apply for provincial grants for anti-idling devices, thanks to a $C15 million program by the provincial government, the Ontario Trucking Association said Monday.
November 3, 2008ISM Manufacturing Index Plunges to 26-Year Low
An index of U.S. manufacturing fell to a 26-year low in October, the Institute for Supply Management said Monday.
November 3, 2008Construction Spending Drops 0.3% in September
Construction spending fell 0.3% in September, the Commerce Department said Monday.
November 3, 2008Goodyear’s Third-Quarter Profit Declines
Goodyear Tire & Rubber Co. said Monday its third-quarter profit fell to $31 million, or 13 cents a share, from $668 million, or $2.75, a year ago.
November 3, 2008Oshkosh Reports Lower 4Q Profit
Specialty truck maker Oshkosh Corp. said Monday its fiscal fourth-quarter profit dropped 37% from a year ago, to $53.6 million, or 72 cents per share, from $85.4 million, or $1.14, a year ago.
November 3, 2008TransForce Reports Lower 3Q Income
Canadian transportation firm TransForce Inc. said its third-quarter net income slipped to C$26.5 million, or 31 cents per unit, from C$28.5 million, or 33 cents, a year ago.
November 3, 2008Pace of Fleet Failures Slips; ‘Only a Lull,’ Analyst Says
The pace of trucking bankruptcies slowed during the third quarter — to 785 from 935 in the second quarter — but rather than signaling a turn, the decline was, as one analyst put it, “only a lull in the storm.”
November 3, 2008Truck Tonnage Growth Slows
Growth in U.S. truck tonnage slowed significantly in September as the national economy contracted during the third quarter, and a major freight-matching service said last week the spot market for truckload service fell well below year-ago levels as the fourth quarter got under way.
November 3, 2008