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.
Diesel Drops 6.5¢ to $3.781 in Ninth Decline
Diesel fell for the ninth straight week, falling 6.5 cents to $3.781 a gallon, while gasoline also continued its slide, the Department of Energy said.
June 11, 2012Allied Systems Holdings Files for Bankruptcy
Vehicle hauler Allied Systems Holdings said it is restructuring its finances after filing for Chapter 11 bankruptcy protection on Sunday.
June 11, 2012Volkswagen Considers Buying Stake in Navistar
Volkswagen is in the “early stages” of considering whether to purchase a stake in Navistar, the maker of International brand trucks, Reuters reported Monday.
June 11, 2012FMCSA Shuts Down Wisconsin Carrier
The Federal Motor Carrier Safety Administration said it has ordered WTSA US Express to cease operations, declaring the Wisconsin-based trucking company an “imminent safety hazard.”
June 11, 2012Oil Rises Above $85 a Barrel
Oil rose in early trading Monday, topping $85 a barrel following Spain’s request for a bailout to support its banks, Bloomberg reported.
June 11, 2012iTECH: EDI Thrives Amid Newer Services
One of the core business-to-business communications tools in trucking — electronic data interchange — is undergoing a period of expansion, even as its core functionality remains largely unchanged.
June 11, 2012Qualcomm Developing App for Smart Phones, Tablets
SAN DIEGO — Qualcomm currently is developing an application for Android smart phones and tablets, a company official announced at Qualcomm’s Vision 2012 Management Conference.
June 11, 2012Caterpillar, Westport Innovations Team Up to Develop Natural Gas Truck Technology
Westport Innovations Inc. and Caterpillar Inc. last week announced plans to collaborate on the development of natural gas technology for mining and off-road trucks as well as for freight locomotives, marking the latest trend in the spread of natural gas as an alternative fuel source.
June 11, 2012Two Technology Providers Debut Products to Improve Safety Compliance, Navigation
Trucking technology providers Vigillo and Magellan have launched new products designed to help carriers comply with safety regulations and improve navigation.
June 11, 2012Letters: CSA Program
It’s these smaller motor carriers that should be closely watched to ensure compliance. The big-box carriers are doing good work to ensure they are at the level of safety and compliance required for good CSA scores.
June 11, 2012