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.
American Fast Freight Buys Caribbean Shipping Services
American Fast Freight Inc., a logistics and trucking operator, announced the acquisition of Caribbean Shipping Services Inc. to expand in the U.S.-Puerto Rico ocean shipping market.
May 8, 2015USA Truck CEO John Simone Eager to Return From Medical Leave
USA Truck CEO John Simone, who has been on medical leave, said he is looking forward to returning to active involvement in the business.
US Unemployment Falls to Lowest Level Since May 2008
The trucking industry added 1,392 jobs in April as the unemployment rate dropped to 5.4%, the lowest level since May 2008, the Labor Department said May 8.
May 8, 2015Chevrolet Introduces Bi-Fuel-Powered Silverado Chassis Cab Truck
Chevrolet is introducing a dual-powered Silverado, run on either compressed natural gas or gasoline.
May 8, 2015Clean Energy Showcases LCNG Station at Dillon Transport’s Dallas Terminal
DALLAS — Clean Energy Fuels Corp. showcased its station that sells both liquefied and compressed natural gas as part of a May 7 tour at the tail end of this week’s ACT Expo.
Cost, Environmental Impact Biggest Challenges Facing Fleets, Group Studying Sustainable Fuels Says
DALLAS — Trucking fleets face a huge challenge making decisions to balance cost pressures and increasing demands that their trucks be environmentally sustainable, according to BSR, a global nonprofit doing research on sustainable fuels.
Texas Lawmaker Backs State Programs That Promote Natural Gas, Alternative Fuels
DALLAS — A Texas state lawmaker said he backs incentives that increase the use of natural gas and other alternative transportation fuels.
Penske Adding More Natural-Gas Maintenance Facilities
DALLAS — Penske Truck Leasing expects to add 10 to 15 new natural-gas maintenance facilities this year, bringing its total to 30 to 35 by year’s end, company officials said.
Denso Announces New Alternator for Medium-, Heavy-Duty Market
DALLAS — Automotive supplier Denso has developed a new high-amperage alternator for the medium- and heavy-duty truck market that the company said is smaller, lighter and more efficient.
Transportation Groups Take Message to the Airwaves
Two key transportation groups have launched a radio ad campaign calling on Congress to approve a permanent fix for the Highway Trust Fund.
May 7, 2015