Vehicle component manufacturer Dana Inc. saw net income fall 62% and revenue decline in the first quarter amid a pileup of weakness in the heavy-duty truck market, curtailed production and the spread of the novel coronavirus.
April 30, 2020Trucking 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.
Eaton Q1 Net Income, Revenue Fall
Eaton Corp. reported declines in first-quarter net income and revenue as the spread of the novel coronavirus pandemic more than doubled previously expected declines in sales.
April 30, 2020TuSimple Fills Senior-Level Posts With Executives From UPS, Walmart
Autonomous trucking technology developer TuSimple has tapped industry veterans from UPS Inc. and Walmart to fill senior positions.
April 30, 2020FMCSA Distributes 1 Million Masks to Truckers
The Federal Motor Carrier Safety Administration is distributing 1 million protective masks to commercial truck drivers to enhance safety during the coronavirus pandemic.
April 30, 2020Schneider National Reports $43.8 Million Net Income for Q1
Schneider National posted a 19% gain in first-quarter net income, the Green Bay, Wis., company reported April 30.
April 30, 2020Meatpackers Welcome Trump Order; Others Question Virus Risks
Big meatpacking companies that have struggled to keep plants running during the coronavirus crisis said April 29 that they welcomed President Donald Trump’s executive order requiring them to stay open, but unions, some employees and Democrats questioned whether workers could be kept safe.
April 30, 2020Boeing Gets $50 Billion of Orders for Bonds Amid Strong Demand
Boeing Co. has already received $50 billion of orders for its bond offering April 30, as the company comes off of one of its worst quarter on record with the pandemic upending the global aviation industry.
April 30, 2020ATA Updates Rules for Next Year’s Truck Driving Championships
American Trucking Associations’ National Truck Driving Championships committee has issued rule changes and recommendations for the 2021 competition season.
April 30, 2020Volvo Turns 3D Printers From Making Truck Parts to Face Shields
Emmanuel Fargeon has been 3D printing truck parts for Volvo for 23 years, but he never imagined he’d be creating personal protective equipment on one.
April 30, 2020EPA, NHTSA Can Regulate Trailer Emissions, Agencies’ Attorneys Say
The Department of Justice has filed a legal document with the U.S. Court of Appeals for the District of Columbia supporting federal regulators’ authority to enforce an Obama-era greenhouse gas emissions rule to include first-ever federal regulation of greenhouse gases and fuel efficiency for trailers.
April 30, 2020Trending
Newsletter Signup
Subscribe to Transport Topics