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, Technology, Equipment, Safety, Autonomous

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.

Jonathan S. Reiskin | Associate News Editor
September 18, 2013
Government, Business

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, 2013
Business

PeopleNet, 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.

Neil Abt | Editorial Director
September 18, 2013
Business

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, 2013
Government, Business, Safety

FMCSA 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.

Eric Miller | Senior Reporter
September 18, 2013
Business

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, 2013
Business

Clean 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, 2013
Business

FedEx’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.

Rip Watson | Special to Transport Topics
September 18, 2013
Business, Government

Housing Starts Rise 0.9% in August

August housing starts increased 0.9%, the Commerce Department said Sept. 18.

September 18, 2013
Business

Manufacturers 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