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.
Gasoline Prices Rise for First Time Since June
The average price of regular gasoline at U.S. pumps rose for the first time since June, climbing 12.72 cents during the past two weeks to $2.1963 a gallon, according to Lundberg Survey Inc.
Werner to Adopt Spireon’s Trailer-Tracking Technology
Truckload carrier Werner Enterprises will adopt Spireon Inc.’s FleetLocate trailer-tracking technology after a one-year pilot, the companies said.
February 9, 2015Penske Taps Trucking Executive Richard Shearing to Lead Commercial-Vehicle Business
Penske Automotive Group said Feb. 9 it has hired trucking executive Richard Shearing to be president of its newly formed Penske Commercial Vehicles US business.
Hub International Acquires Alexander in Trucking Insurance Deal
Insurance firm Hub International Ltd. has acquired Alexander Insurance Agency, a San Antonio-based insurance brokerage for the commercial towing and transportation industries.
February 9, 2015Aljex, Logistical Labs Offer Product Integration
Aljex Software and Logistical Labs said they are partnering to integrate Aljex’s operations software for freight brokers, third-party logistics providers and carriers with Logistical Labs’ freight-market pricing platform, LoadDex.
February 9, 2015Yale to Launch New Engines for Lift Trucks
Lift-truck manufacturer Yale Materials Handling Corp. said it is launching a new line of industrial engines from Power Solutions International Inc. for its 3,000- to 7,000-pound Classes 4 and 5 trucks.
February 9, 2015Smith Transport Sold to Employees
Trucking firm Smith Transport said it has transferred ownership of the company to its employees through an employee stock ownership plan.
February 9, 2015ACS Advertising Sold, Becomes Conversion Interactive Agency
Kelley Walkup and Joanne Hazelwood said they have purchased ACS Advertising, an agency specializing in driver recruitment and retention, from document-management provider Pegasus TransTech.
February 9, 2015Fleets Slow to Adopt 6x2 Axles
Are the 6x2 axle configuration’s fuel savings and reduced weight worth its traction issues, greater tire wear and the difficulties that are always involved with change — especially with diesel prices declining?
February 9, 2015Crash Death Rate Declines
Large trucks traveled nearly 6 billion more miles on U.S. roads in 2013 than in 2012, and did so with greater safety results, according to American Trucking Associations’ calculations of federal data.
February 9, 2015