Business

About Business News...

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.

Business

Mercedes-Benz Plans New Plant in South Carolina to Build Next-Generation Sprinter Van

Mercedes-Benz Vans plans to build a $500 million plant in Charleston, South Carolina, to supply the North American market with the company’s next-generation Sprinter van.

March 9, 2015
Business, Fuel

CN Rail, BNSF Tackle Accidents as Group Seeks Ban on Oil Trains

Canadian National Railway Co. is building a 1,500-foot long track to bypass a burning train that derailed March 7 in northern Ontario, while BNSF Railway Co. crews are working to reopen track in rural Illinois after a train carrying oil derailed March 5.

Doug Alexander | Bloomberg News
March 9, 2015
Business, Technology

Convoy Technologies Launches Portable Camera for Tractor-Trailers

Convoy Technologies has launched a new portable video-monitoring system for tractor-trailers designed to reduce blind spot-related accidents and improve safety.

March 9, 2015
Government, Business

PrePass Enrollment Surpasses 500,000 Trucks

More than half a million trucks operated by nearly 41,000 fleets are now enrolled in the PrePass weigh-station bypass program, the provider of the service announced recently.

March 9, 2015
Business

Ingersoll Rand Completes Frigoblock Acquisition

Ingersoll Rand has completed its previously announced acquisition of Frigoblock, a European manufacturer of transport refrigeration units, for 100 million euros (about $108 million).

March 9, 2015
Business, Technology, Equipment, Safety, Government

TT Archives: Roads and Ports

A report by Commerce Secretary Luther Hodges 50 years ago put the cost of the completing the interstate highway system at $48.6 billion, an increase of $5.8 billion from earlier estimates, due to changes in highway design and traffic data.

March 9, 2015
Perspective, Business

Opinion: Leasing Offers More Benefits to Fleets

According to recent industry insight from research firm Frost & Sullivan, leasing companies will capture more business in the Class 8 truck market over the next six years.

March 9, 2015
Editorial, Business

Editorial: Entry-Level Driver Training

Are you a motor carrier? Do you plan on ever hiring a new trucker to drive for you? If you answered “yes” to those questions, chances are you already are aware that the Federal Motor Carrier Safety Administration is attempting once again to craft a rule on minimum training standards for entry-level commercial vehicle drivers.

March 9, 2015
Business

FMCSA Panel Takes Fresh Look at Entry-Level Driver Training

ARLINGTON, Va. — The Federal Motor Carrier Safety Administration has kicked off its latest effort to produce a rule on minimum training standards for entry-level commercial vehicle drivers — a goal of the U.S. government since 1985.

March 9, 2015
Business

Trucking, Logistics Acquisitions Expected to Continue in 2015

The hot 2014 trucking and logistics acquisitions market is likely to continue this year, driven by fleets’ need to secure capacity, rising economic expectations and a flood of available cash to pay for deals, analysts said.

March 9, 2015