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.
Court Approves Allied Sale to Jack Cooper
A U.S. Bankruptcy Court in Wilmington, Del., has approved the sale of most of Allied Systems Holdings’ operating assets to Jack Cooper Transport Co. as part of a $135 million deal that would consolidate the carhaul sector of trucking.
DTNA to Sell Telematics Tablet for Cascadia
DETROIT — Daimler Trucks North America announced it will begin selling an integrated computer tablet for its Freightliner Cascadia tractors in January to combine its data and voice offerings into a single, factory-installed device.
September 18, 2013PeopleNet, McLeod Integrate for LTL Fleets
SCOTTSDALE, Ariz. — PeopleNet Communications Corp., an onboard computing provider, said less-than-truckload fleets will be able to respond to changes from shippers more quickly through its latest integration with McLeod Software.
DTNA Offers Automated Transmission in 13-L Cascadia
DETROIT — Daimler Trucks North America announced Sept. 18 that it is now offering its automated manual transmission for sale with its 13-liter Detroit brand heavy-duty engines in the Freightliner Cascadia tractors.
September 18, 2013FMCSA To Miss Sept. 30 Deadline for HOS Study
The Federal Motor Carrier Safety Administration will not meet a congressionally mandated Sept. 30 deadline to complete a study of changes made to the 34-hour restart provision of the agency’s hours-of-service rule.
Bennett Motor Express Acquires Cincinnati Hauling Company
Bennett Motor Express said it has acquired Cincinnati transportation company Ace Doran Hauling & Rigging Co. Terms were not disclosed.
September 18, 2013Clean Energy Joins Consortium to Develop Regional LNG Projects
Clean Energy Fuels Corp. said it has joined a consortium with Ferus Natural Gas Fuels, GE Ventures and GE Financial Services to develop regional liquefied natural gas production facilities.
September 18, 2013FedEx’s 1Q Profit Improves
FedEx Corp. reported Sept. 18 fiscal first-quarter net income for the period ended Aug. 31 increased 6.5% to $489 million, or $1.54 per share, as profit rose in each of the company’s business segments.
Housing Starts Rise 0.9% in August
August housing starts increased 0.9%, the Commerce Department said Sept. 18.
September 18, 2013Manufacturers Say U.S. Roads Are Getting Worse
A survey released by the National Association of Manufacturers said industry leaders think roads in the United States are getting worse and transportation infrastructure needs to improve.
September 18, 2013