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.
Comment Period on Proposed Speed-Limiter Rule Extended to Dec. 7
The Federal Motor Carrier Safety Administration and the National Highway Traffic Safety Administration have extended the deadline for public comments on their proposed speed-limiter rule by 30 days to Dec. 7, the agencies announced Nov. 1.
OOIDA Loses Appeal in ELD Case
The U.S. Court of Appeals for the 7th Circuit denied the Owner-Operator Independent Drivers Association’s challenge to the federal electronic logging device mandate Oct. 31.
Diesel Inches Up 0.1¢ to $2.479
The U.S. average retail price of diesel rose 0.1 cent to $2.479 a gallon, according to the Department of Energy, as crude prices continued their weeklong retreat below $50.
October 31, 2016SkyBitz Adds Solar-Powered Tracking Device
Telematics provider SkyBitz Inc. announced its new solar-powered Falcon GXT5000, the next generation of its asset-tracking products using 3G/4G cellular networks.
October 31, 2016GE Creates $32 Billion Oil-Services Giant With Baker Hughes Deal
General Electric Co. is creating a $32 billion oil business by combining its petroleum-related operations with Baker Hughes Inc., betting on a rebound for an industry mired by a historic slump in crude prices.
NTSB Probes FedEx Incident at Fort Lauderdale Airport
The National Transportation Safety Board is investigating the cause of a landing gear collapse on Oct. 28 that damaged a FedEx plane landing in Fort Lauderdale, Florida, officials said.
Top Japanese Shipping Lines to Merge Container Businesses
Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business.
DOT Seeking Applicants for FASTLANE Grants
The U.S. Department of Transportation is seeking applicants for FASTLANE grants worth a total of $850 million for freight and highway projects, the department announced on Oct. 28.
October 31, 2016Bendix Launches Driver Control Module Production at Mexican Plant
Bendix Commercial Vehicle Systems said it has begun to produce driver control modules, or DCMs, built for Navistar Inc. on an advanced new assembly line at its Acuña, Mexico, manufacturing campus, in which it recently invested $4.6 million.
October 31, 2016Oakland Port Slashes Dirty Diesel Pollution in Long Campaign
Emissions from ships, trucks and trains at the Port of Oakland in California dropped by 75% since 2015 after a $100 million cleanup campaign.