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

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, 2012
Business

Equity 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, 2012
Business

Arnold 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, 2012
Business, Technology

Carriers 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, 2012
Business, Technology

Robocom Acquires Accord Software

Supply chain software company Robocom Systems International said it has acquired Accord Software Inc. Terms were not disclosed.

January 9, 2012
Business, Fuel

Gasoline 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, 2012
Business, Technology

iTECH: 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, 2012
Business, Technology

Orbcomm 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, 2012
Perspective, Business

Opinion: 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, 2012
Letters to the Editor, Business

Letters: 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