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.
Metal Manufacturer, Mueller, Scraps Fleet and Signs With Ryder Systems
Mueller Inc. is scrapping its medium- and heavy-duty trucks and signing a deal with Ryder System Inc. to lease 26 vehicles.
September 6, 2016Private Carrier McLane Expands Food Service Footprint
McLane Company, a private grocery and food service carrier, has reached a deal to manage supply chain services for Circle K convenience stores.
September 6, 2016Freightos Acquires WebCargoNet to Expand Instant Freight Quotes
Two companies that provide quotes for shippers looking to hire carriers to haul freight are coming together. Freightos, which provides instant-rate spot market quotes has acquired WebCargoNet, which has an air cargo freight management system
September 6, 2016Navistar, Volkswagen Agree on Strategic Alliance
Navistar International Corp. and Volkswagen AG’s truck unit announced a strategic alliance that includes a $256 million investment by the German vehicle maker in Navistar as well as planned joint development of powertrain, procurement and other collaborative efforts.
September 5, 2016Opinion: Jake Brakes Keep Drivers Safe on Steep Roads
You can’t work in the trucking industry for long without realizing the interconnectedness of the trucking world — goods with communities, roads with ports, airports and railways, regulations across international and provincial borders and municipal boundaries, you name it. Another connection may not be immediately apparent: Canada’s National Trucking Week and “Jake” brakes.
September 5, 2016Editorial: A Welcome Proposal
After 10 years of deliberation, two agencies of the Department of Transportation have finally published a proposal that would limit the maximum speed of the largest commercial vehicles to a rate yet to be determined.
September 5, 2016Speed Limiters Proposed
The federal government has issued a proposed rule requiring new heavyduty vehicles to be equipped with speed-limiter devices that many large trucking fleets have been using voluntarily for several years.
Large TL Churn at 5-Year Low in Sluggish Market, ATA Says
Driver turnover fell 4 percentage points year-over-year for larger truckload fleets to 83% in the second quarter, dropping to the lowest level since 2011 amid a sluggish freight market, American Trucking Associations reported last week.
Veterans’ Military Experience and Skills Create Ideal Match for Fleets Seeking Drivers Amid Shortage, Executives Say
America’s long-running military conflicts in Afghanistan and Iraq have been a boon to the trucking industry, providing a supply of experienced men and women who can help alleviate the ongoing driver shortage.
Diesel Average Climbs 3.9¢ to $2.409; Gasoline Increases 4.4¢ to $2.237
The U.S. average price of diesel rose 3.9 cents to $2.409 per gallon last week, according to the Department of Energy as the price of crude hovered near $47 amid speculation that a glut of oil could be easing.