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.
Kenworth Delivers First Hybrid Truck
30Truck manufacturer Kenworth Truck Co., Kirkland, Wash., on Monday announced it had delivered its first hybrid-electric truck to a U.S. customer.
August 7, 2007Telargo to Provide Telematics System for LeasePlan USA
Fleet management services firm Telargo Inc. said Monday it will provide telematics systems for vehicle leasing company LeasePlan USA, Alpharetta, Georgia.
August 7, 2007Wright Express' Earnings Improve in Q2
Wright Express, which provides payment processing and information management services to the trucking industry, reported Tuesday it earned $18.3 million, or 45 cents a share in the second quarter, compared with $9.9 million or 24 cents in 2006.
August 7, 2007Pattullo Joins Ceva as CEO
Ceva Logistics, which last Thursday completed its acquisition of Houston-based EGL Inc., said John Pattullo has joined the company as its new chief executive officer.
August 6, 2007Nardelli to Lead Chrysler
Chrysler LLC, the U.S. automobile manufacturing unit of Daimlerchrysler, has appointed Jeff Nardelli as its chief executive officer, Bloomberg News reported Monday.
August 6, 2007Cooper Tire's 2Q Income Improves
Cooper Tire and Rubber Co. said Monday its net income rose to $17.6 million or 28 cents a share, compared with a net loss of $21 million or 34 cents a share a year ago.
August 6, 2007Trailer Bridge's Losses Narrow in Q2
Trailer Bridge Inc. said Monday it lost $1.9 million or 16 cents a share in the second quarter, compared with a loss of $9 million or 76 cents a year ago.
August 6, 2007Penske to Manage European Supply Chain for Bombardier
Penske Logistics has been selected as the lead logistics provider for Bombardier Transportation’s European operations, the company said Monday.
August 6, 2007N.C. Highway Use Tax Hike Fails to Pass
North Carolina legislators have adjourned without passing a proposed increase in the state’s highway use tax, the Truck Rental and Leasing Association said.
August 6, 2007Hub International Acquires Two Trucking Insurers
Hub International Transportation Insurance Services has acquired two San Antonio-based insurance brokers that provide coverage to the trucking industry, the company said Monday.
August 6, 2007