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.
Volvo Will Take Q3 Charge to End UD Truck Production for U.S.
Volvo Group said it will take a third-quarter restructuring charge of about $91.9 million for a cost reduction program in Japan and to end production in Japan of UD Trucks for the U.S. market.
September 25, 2012GPS Devices Causing Trucks to Hit Low Overpasses, Sen. Schumer Says
Faulty GPS directions are causing hundreds of trucks to hit low overpasses in New York, said Sen. Charles Schumer (D-N.Y.).
September 24, 2012Spireon Unveils Updated Trailer-Tracking Program
Spireon Inc. recently unveiled its updated trailer tracking program, FleetLocate Trailer Assist, with advances in the user interface and integration with other fleet maintenance programs.
September 24, 2012TNT Express Chief Resigns
TNT Express CEO Marie-Christine Lombard has resigned amid an extended European Union antitrust review of UPS Inc.’s $6.5 billion bid to buy TNT, Bloomberg reported Monday.
September 24, 2012Port Authority Toll Hikes Necessary, Audit Says
Toll increases set last year by the Port Authority of New York and New Jersey are necessary if it is to maintain aging facilities and pay for planned capital projects, according to an independent audit, the Associated Press reported.
September 24, 2012Swift Outlines 3Q Earnings Expectations
Swift Transportation Co. said last week its third-quarter earnings will be 20 to 23 cents a share.
September 24, 2012Gasoline Dips to $3.83, Lundberg Reports
Gasoline declined almost half a cent in the past two weeks to $3.83 a gallon, the first downturn since July, according to the latest Lundberg Survey of filling stations released Sunday.
September 24, 2012Workflow Programs Enhance Fleets’ Access to Delivery Updates
Dayton Freight Lines uses workflow software to eliminate “fat-finger” errors. C.R. England uses it to check and correct the temperature of refrigerated cargo.
September 24, 2012Utah Keeps 80-MPH Speed Limit on I-15 Stretches
Two sections of Interstate 15 in southern Utah will remain 80-mph zones permanently, the Associated Press reported, citing state officials.
September 24, 2012Opinion: A Year of Slowly Driving Forward
Nearly 12 months ago, I proudly accepted the title of chairman of American Trucking Associations, thus beginning one of the most exciting and exhausting years of my professional life, and an experience I’ve been humbled and honored to have.
September 24, 2012