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.
Eaton’s Cooper Deal Gets International Clearance
Eaton Corp.’s planned $11.8 billion acquisition of Ireland-based Cooper Industries received clearance from two international bodies, the component supplier said.
September 26, 2012TMC Sets Task Forces to Address Natural Gas, Other Issues
PITTSBURGH — The Technology & Maintenance Council said it has formed new task forces to look at natural gas, coolant and electronics issues facing the trucking industry.
Ontario Extends CB Exemption from Hands-Free Law
CB radios have been exempted from Ontario’s hands-free distracted driving law for another five years, Ontario’s Minister of Transportation Bob Chiarelli said.
September 26, 2012Truck Tonnage Rises 3.2% in August
Truck tonnage increased 3.2% in August from a year ago, American Trucking Associations said.
September 25, 2012FMCSA Says HOS Rule’s 34-Hour Restart Is Reasonable
Provisions of the federal hours-of-service rule for truck drivers are “reasonable” and have been “adequately explained” by the Federal Motor Carrier Safety Administration, the agency said in a court filing.
September 25, 2012Trucking On-Job Deaths Rise 14%, Labor Dept. Says
Trucking was one of the most dangerous industries for workers last year, when 474 workers died on the job, a 13.9% increase over the previous year, the Labor Department said in a preliminary report.
Forward Air Lowers 3Q Outlook
Forward Air Corp. said its third-quarter earnings will be lower than the company originally estimated, as tonnage volumes became “inconsistent” in August following a strong start to the period.
September 25, 2012C.H. Robinson to Buy Phoenix Intl. for $635 Million
Third-party logistics company C.H. Robinson Worldwide said Tuesday it will buy international freight forwarder Phoenix International for $635 million in cash and stock.
September 25, 2012Consumer Confidence Rises to Seven-Month High
Consumer confidence rose to a seven-month high in September, the New York-based Conference Board said Tuesday.
September 25, 2012Diesel Drops 4.9¢ to $4.086; Gasoline Declines 5.2¢ to $3.826
Diesel fell 4.9 cents to $4.086 and gasoline also fell, marking the first downturns for both fuels in 12 weeks, the Department of Energy reported.
September 25, 2012