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.
National Diesel Average Rises 1.6¢ to $2.492 a Gallon
The average price of diesel fuel in the United States rose 1.6 cents a gallon to $2.492, the Department of Energy reported Oct. 5.
October 5, 2015TNT Holders Back FedEx Acquisition
Shareholders of TNT N.V., the Dutch carrier that agreed to a $4.9 billion acquisition by FedEx Corp., backed the terms of the deal, which the buyer said will increase package and freight competition.
October 5, 2015West Virginia Trucking Association’s Career Site Goes Live
The West Virginia Trucking Association’s job site has officially launched.
October 5, 2015UPS Said to Turn Table on EU in Bid to Hinder FedEx-TNT Deal
UPS’ tie-up with TNT Express was blocked by the European Union two years ago. Now, the world’s biggest package delivery company wants EU to frustrate FedEx Corp.’s bid to run off with the Dutch rival it once courted.
October 5, 2015September Class 8 Truck Orders Down
Orders for Class 8 trucks fell in September to 19,600 vehicles, down 3% from a month earlier and 21% fewer year-over-year, ACT Research said based on preliminary numbers.
October 5, 2015NHTSA Extends Comment Period on Straight Truck Rear Guards
The National Highway Traffic Safety Administration has reopened the public comment period for a proposed rule that would toughen standards for rear impact guards and reflective material on the rear and sides of straight trucks.
Teamsters Benefit Plan to Slash Retirement Payouts
The Central States Pension Fund intends to cut retirement payouts 23% on average for all 407,000 participants as the benefit plan for Teamsters tries to finalize a long-term survival plan.
October 5, 2015MiX Telematics Wins Fleet-Management Contract with Halliburton
MiX Telematics said it has entered into a multiyear agreement with Halliburton Co. to provide fleet management, safety and compliance services for the Houston-based energy service firm’s fleet of more than 15,000 vehicles.
October 5, 2015Yokohama Opens First US Commercial Truck Tire Plant
Yokohama Tire Manufacturing Mississippi opened its $300 million commercial truck tire facility in West Point, Mississippi. It is the first one Yokohama Rubber Co. has built in the United States.
October 5, 2015Pickup Goes Airborne in Virginia's Guardrail Test as Part of Legal Battle With Trinity
A pickup went airborne and a small car came to an upright stop in two crash tests of a guardrail safety device linked in lawsuits to at least nine deaths.