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.
DriveCam to Acquire Rair Technologies
DriveCam Inc., a maker of truck-cab video recorders, announced it will buy Rair Technologies, a provider of compliance services for commercial trucking fleets.
November 28, 2011GE Transportation to Buy Software Provider RMI
GE Transportation said it will acquire transportation software provider RMI from New York private equity firm Carlyle Group for an undisclosed sum.
November 28, 2011Oil Rises Over $100 a Barrel
Oil rose to more than $100 a barrel in pre-market trading Monday, the highest in a week, on signs of U.S. economic recovery and following economic sanctions on Syria, Bloomberg reported.
November 28, 2011NavStar to Work With Trinity Noble
NavStar Technologies, a start-up company making electronic onboard recorders, has signed an agreement with Trinity Noble to add cellphone detection to its hardware and services.
November 28, 2011Cummins Invests in Research Center Expansion
Independent engine maker Cummins Inc. said it would invest $24 million over three years to expand its Cummins Technical Center research facility in North Charleston, S.C.
November 28, 2011Daimler Delivers 1,000th Truck Powered by Natural Gas
Daimler Trucks North America said it has delivered its 1,000th truck powered by natural gas and added it was the first commercial vehicle manufacturer to reach that mark.
November 28, 2011Opinion: Nafta Works
The slogans on signs held by opponents of the cross-border trucking provisions of the North American Free Trade Agreement have included statements such as “Nafta Kills!”
November 28, 2011Editorial: Looking Toward 2012
There is every reason to believe that 2012 will be a good year for the trucking industry, based on what’s happened so far this year and on reasonably strong U.S. economic growth projections.
November 28, 2011Letters: Taxes, Speed Limiting
Your Oct. 31 “Analysis” from The Associated Press, which was headlined “Small Business Tax Deduction to Shrink, Showing Importance of Year-End Planning” (p. 7), stated: “The maximum that can be deducted under the two deductions combined is $2 million.”
November 28, 2011Southern California Utility to Buy More NG Trucks
Southern California Gas Co. plans to add about 1,000 new natural-gas-powered trucks to its fleet over the next five years.
November 28, 2011