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.
Trimble Acquires ALK Technologies
Trimble Navigation Ltd. said it has acquired navigation technology company ALK Technologies. No terms were disclosed.
January 4, 2013RLJ Equity Partners Acquires R. Thompson Trucking Inc.
RLJ Equity Partners LLC said it has acquired regional waste hauling company, R. Thompson Trucking Inc. No terms were disclosed.
January 4, 2013Tax Bill Includes Bonus Depreciation
The tax bill signed by President Obama and passed by Congress to keep the nation from going over a “fiscal cliff” allows fleets to deduct 50% of the cost of new trucks and other equipment in 2013.
DEF Prices Hold at $2.79 From November to December
The retail pump price of diesel exhaust fluid at U.S. truck stops was flat from November to December, remaining at $2.79 a gallon, Integer Research Ltd. said Wednesday.
January 3, 2013Radiant Buys International Freight Systems
Third-party services provider Radiant Logistics Inc., said it has acquired Portland, Ore. counterpart International Freight Systems.
January 3, 2013Rush Enterprises Acquires MVI Group
Rush Enterprises said it has acquired assets of MVI Group, which operates commercial truck and bus dealerships in Ohio, for $107 million.
January 3, 2013Initial Jobless Claims Rise for Week
Initial jobless claims increased by 10,000 last week, the Labor Department said Thursday.
January 3, 2013Vitran Secures $17 Million Credit
Toronto-based carrier Vitran Corp. announced it has obtained a $17 million real estate term credit facility on some of its U.S. less-than-truckload transportation facilities.
January 3, 2013N.C.'s Quick Pass to Be Compatible With E-ZPass
North Carolina’s Quick Pass toll collection system and the multistate E-ZPass system will become compatible Thursday, when users of both transponders will be able to pay tolls in both systems, the North Carolina Turnpike Authority announced.
January 2, 2013USA Truck Appoints Thomas Glaser as Interim COO
Truckload carrier USA Truck Inc. has named Thomas Glaser as interim chief operating officer for an initial term of three months, effective Jan. 1, according to a filing with the Securities and Exchange Commission.
January 2, 2013