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.
Navistar Gets $880 Million Contract for MRAP Upgrades
Navistar Defense, a unit of Navistar International Corp., received an $880 million order from the U.S. government to upgrade military vehicles.
January 10, 2012Equity Firm Buys Keen Transport, Cressler Trucking
Los Angeles-based private equity firm Platinum Equity said it has acquired Pennsylvania carrier Keen Transport Co. Terms were not disclosed.
January 9, 2012Arnold Transportation Appoints Smith President
Todd Smith has been appointed as president of truckload carrier Arnold Transportation Services, Arnold’s parent company U.S. Xpress Enterprises said Monday.
January 9, 2012Carriers Await Final Rule on EOBRs
Now that a ban on handheld phone use by truckers has taken effect, attention has shifted to a possible final rule on electronic onboard recorders.
January 9, 2012Robocom Acquires Accord Software
Supply chain software company Robocom Systems International said it has acquired Accord Software Inc. Terms were not disclosed.
January 9, 2012Gasoline Jumps 12¢ to $3.36 a Gallon, Lundberg Says
Gasoline jumped 12 cents in the past three weeks to a national average $3.36 per gallon, according to the latest Lundberg Survey of filling stations released Sunday.
January 9, 2012iTECH: Smart Roads May Be Reality by 2020
RALEIGH, N.C. — Two federal agencies that regularly deal with trucks have outlined ambitious plans that could make the nation’s highways nearly as busy with electronic communications as they are with vehicles, and doing so before the end of this decade.
January 9, 2012Orbcomm Buys PAR Logistics Management
PAR Technology Corp. said it is selling its PAR Logistics Management Systems subsidiary to telematics company Orbcomm in a transaction valued at up to $10 million.
January 9, 2012Opinion: Wear Your Seat Belt — or Else
Without a doubt, however, the single most dangerous thing our employees do in the course of our workday is commuting to and from the job.
January 9, 2012Letters: HOS, Heavy Metal Helps, 2012 Safety Wish, Distracted Driving
Once again, the Federal Motor Carrier Safety Administration of the U.S. Department of Transportation has failed to put forth common sense with regards to longhaul truckers’ hours of service.
January 9, 2012