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.
Bendix Parent to Acquire Steering Supplier, Expand Autonomous Driving Capabilities
Knorr-Bremse Group, a global manufacturer of braking systems and parent company of Bendix Commercial Vehicle Systems, has agreed to acquire a steering technology company that will expand its capabilities in the field of autonomous driving in commercial vehicles.
Diesel Climbs 2.5¢ to $2.382
The U.S. retail diesel average price jumped up 2.5 cents to $2.382, the Department of Energy said, increasing for the 14th time in 15 weeks.
FleetUp Registers ELD Product
Startup technology vendor FleetUp officially announced that it has registered its electronic logging system with the Federal Motor Carrier Safety Administration ahead of the agency’s upcoming mandate of the technology.
Trucking Executive Steve Gordon Retires
Trucking executive Steve Gordon, who was chief operating officer at Gordon Trucking, announced his retirement from the industry as of May 27.
Bestpass Adds Oklahoma to Complete National Tolling Coverage
Bestpass Inc. announced that it now offers complete nationwide toll-management coverage for commercial fleets with the addition of services in Oklahoma.
DTNA Offers Hadley SmartValve on New Trucks
Daimler Trucks North America is now offering the Hadley SmartValve electronic height control system as an option on new trucks.
May 31, 2016Home Prices in 20 U.S. Cities Increase Faster Than Forecast
Home prices in 20 U.S. cities rose faster than projected in March from a year earlier, adding to signs of healthy demand at the onset of the industry’s busy selling season, New York-based S&P/Case-Shiller reported May 31.
May 31, 2016Consumer Spending Up in April; Confidence Down in May
Consumer spending climbed in April by the most in almost seven years, but consumer confidence unexpectedly fell in May to the lowest level in six months, according to two reports released May 31.
May 31, 2016Omnitracs Upgrades Roadnet Anywhere Software
Omnitracs said it released version 4.1 of its SaaS vehicle routing, tracking, mobile workforce, telematics and fleet management platform, Roadnet Anywhere.
May 31, 2016Roadmaster Completes Tri-State Motor Transit Acquisition
The Roadmaster Group Inc. announced it completed the acquisition of Missouri-based Tri-State Motor Transit Co. through a stock purchase.
May 31, 2016