Business

About Business News...

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.

Business, Fuel

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, 2012
Business, Technology, Equipment, Safety

Allied 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, 2012
Business

Volkswagen 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, 2012
Business

FMCSA 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, 2012
Business, Fuel

Oil 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, 2012
Business, Technology

iTECH: 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, 2012
Business, Technology

Qualcomm 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, 2012
Business, Fuel

Caterpillar, 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, 2012
Business, Technology

Two 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, 2012
Letters to the Editor, Business

Letters: 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