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.
Rates Stay Firm, Load Patterns Uneven, DAT Says
Load board operator DAT Solutions said freight rates remained firm during the week ended Aug. 22, while freight trends on the spot market remained uneven.
August 26, 2015Schlumberger to Buy Cameron in $14.8 Billion Oil Services Deal
Schlumberger Ltd., No. 10 on the Transport Topics Top 100 list of private carriers in North America, agreed to buy Cameron International Corp. for $14.8 billion, allowing the world’s largest oil field-services provider to bundle its offerings and gear more effectively.
Report: Traffic Congestion Worst in Three Decades
A report released Aug. 26 says that travel delays due to traffic congestion in 2014 were the worst in three decades, with those in Washington, D.C., topping the list.
August 26, 2015R+L Carriers, Day & Ross Start Expedited Service
R+L Carriers, a motor carrier and logistics company based in Wilmington, Ohio, said it reached an agreement with Canadian motor carrier Day & Ross Freight to offer expedited services to and from Canada.
August 26, 2015Anheuser-Busch Converts St. Louis Fleet to Compressed Natural Gas
Anheuser-Busch said it is replacing its 97 diesel-fuel tractors with compressed natural gas-powered trucks and expects to reduce its emissions by 2,500 tons per year.
August 26, 2015Oshkosh Wins $30 Billion US Army Contract to Build Humvee Replacement
Oshkosh Corp. won an initial contract Aug. 25 from the U.S. Army for its new Joint Light Tactical Vehicle, a $30 billion program.
August 26, 2015Pothole Detection System Patented by Google
A system to detect potholes and report them recently was patented by Google, Forbes reported.
August 26, 2015Orders for Capital Goods Climbed in July by Most in a Year
Orders for capital goods increased in July by the most in more than a year, showing corporate spending was finding its footing prior to the turmoil in financial markets.
August 26, 2015ATA Critical of Organized Labor's Claims About Hair Testing for Drug Use
In a letter to congressional transportation leaders, American Trucking Associations President Bill Graves said critical claims made by organized labor groups about the use of hair specimens for drug testing of commercial drivers are based on “false notions and outdated science.”
PeopleNet Introduces ConnectedFleet Platform, Launches Driver Apps
PeopleNet has broadened its product line with the introduction of its ConnectedFleet Platform, which ties together its fleet-management software and mobile technology with new Android software and a new set of mobile applications for drivers’ personal devices.