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.
Volvo to Cut Jobs to Reduce Costs
Swedish truck-maker Volvo AB said it would cut some “white-collar” jobs and consultants as part of an effort to reduce costs by about $620 million annually by the end of 2015.
September 24, 2013Diesel Drops 2.5¢ to $3.949 in Second Straight Decline; Gas Drops 5.2¢ to 12-Week Low
Diesel fell 2.5 cents to $3.949 a gallon, its second straight decline and the biggest single-week downturn in five months, the Department of Energy reported.
September 24, 2013TMW Launches Integration Features for Omnitracs, SkyBitz
Transportation-management software provider TMW Systems Inc. said it has established new integration capabilities with Omnitracs Inc. and SkyBitz.
September 24, 2013Rob Marshall Wins Canadian Truck Driving Championship
Rob Marshall, a driver with Home Hardware, won the Grand Champion and Rookie of the Year awards during the 2013 Canadian National Professional Truck Driving Championships in Abbotsford, British Columbia.
September 24, 2013Consumer Confidence Declines in September
Consumer confidence declined in September, the New York-based Conference Board said Sept. 24.
September 24, 2013Vitran to Sell U.S. LTL Operations
Vitran Corp. said it has agreed to sell its money-losing U.S. less-than-truckload operations for $2 million to industry figure Matthew Moroun, owner of less-than-truckload carrier Central Transport.
Trailer Orders Rise 4.1% in August
August trailer orders rose 4.1% from the same month last year and climbed 23.9% from July, ACT Research reported.
Orbcomm to Provide Trailer Tracking for Ryder
Equipment-leasing provider Ryder System Inc. has selected Orbcomm Inc. to provide a trailer-tracking system for its fleet of more than 30,000 dry van, refrigerated and flatbed trailers, the technology vendor recently announced.
September 23, 2013Omnitracs Introduces Android Proof-of-Delivery App
Omnitracs Inc. said it has launched a Android application for truck drivers to complete the proof-of-delivery outside of the truck on a smart phone.
September 23, 2013YRC Freight’s Rogers Leaves Company
YRC Worldwide Inc. said Sept. 20 that Jeff Rogers, who was president of YRC Freight, has left the company and that his duties will be assumed by YRC Worldwide CEO James Welch.
September 23, 2013