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.
DOT Inspector General Announces Audit of FHWA’s Bridge-Safety Programs
The U.S. Department of Transportation’s Office of Inspector General announced it will audit the efforts the Federal Highway Administration has made to improve the safety of the nation’s bridges.
Diesel Dips 0.6¢ to $3.909; Gasoline Declines for Second Straight Week
Diesel dipped 0.6 cent to $3.909 a gallon, the first downturn following four increases, while gasoline dropped for a second straight week, the Department of Energy reported.
August 6, 2013Clean Energy Announces Deals to Boost Natural Gas Use
Clean Energy Fuels Corp. announced Tuesday it has updated its “road to natural gas” report with several recent deals aimed at boosting the use of natural gas as a trucking fuel.
August 6, 2013Insurance Broker Hub International to Be Acquired in $4.4 Billion Deal
Hellman & Friedman LLC has agreed to buy Hub International Inc. in a transaction that values the insurance broker at about $4.4 billion, Bloomberg News reported.
August 6, 2013Bill Would Allow Rail-Safety Technology Deadline Extension
Sen. John Thune (R-S.D.) has introduced legislation that would extend until 2020 a federal statutory deadline that freight railroads install collision-avoidance technology.
TravelCenters’ 2Q Profit Declines
TravelCenters of America said Tuesday its second-quarter profit fell from a year ago.
August 6, 2013Ritchie Bros.’ Second-Quarter Income Dips
Ritchie Bros. Auctioneers said its second-quarter profit slipped from a year ago to $30 million, or 28 cents per share, from $31.3 million, or 29 cents, a year ago.
August 6, 2013Hersman Reappointed to NTSB
President Obama has reappointed Deborah Hersman to a third term as chairman of the National Transportation Safety Board.
ATRI Surveying Trucking on Industry’s Top Concerns
The American Transportation Research Institute has launched its 2013 survey on the trucking industry’s top issues.
August 6, 2013J.J. Keller to Supply Mercer Transportation with EOBRs
J.J. Keller & Associates Inc. said it has been selected to supply Mercer Transportation Co. with electronic onboard recording devices for its owner-operator fleet.
August 6, 2013