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

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, 2007
Business, Technology, Equipment, Safety

Telargo 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, 2007
Business

Wright 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, 2007
Business, Logistics

Pattullo 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, 2007
Business

Nardelli 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, 2007
Government, Business, Safety, Equipment

Cooper 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, 2007
Business

Trailer 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, 2007
Business, Safety, Government, Logistics

Penske 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, 2007
Business, Government

N.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, 2007
Business, Safety, Government

Hub 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