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

Volvo Plans Truck Investments in China, India

Volvo AB is planning investments in India and China to bolster its truck business and meet demand from those markets, Bloomberg reported Monday, citing a company executive.

October 24, 2011
Government, Business

Nextran Buys Premier Truck Centers in Alabama

Nextran Corp. has purchased Premier Truck Centers, with locations in Birmingham, Tuscumbia and Madison, Ala. Terms were not released.

October 24, 2011
Business, Fuel

Gasoline Rises 5¢ in Two Weeks to $3.47, Lundberg Survey Says

Gasoline’s national average price climbed 5 cents in the past two weeks to an average $3.47 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

October 24, 2011
Business, Technology

New Xata Corp. Software Allows Fleets to Pair Compliance, Productivity Apps

Xata Corp. has unveiled a product called ComplianceConnect that allows fleet managers to add the compliance component of driver productivity software without paying extra costs.

October 24, 2011
Business, Technology

Fleets Focus on Emissions, SmartWay’s Bynum Says

GRAPEVINE, Texas — The new federal rule designed to reduce truck greenhouse-gas emissions by 10% or more starting in 2014 effectively is forcing manufacturers to focus on selling advanced pollution-reduction equipment to fleets that today don’t have the technology such as auxiliary power units, a government official said.

October 24, 2011
Business, Technology

Recruiters Must Mull Generational Differences When Seeking New Drivers, MCE Is Told

GRAPEVINE, Texas — Successful recruiters must communicate with truck-driver applicants in a fashion consistent with his or her preferred technology method, which is often different based on age.

October 24, 2011
Business

Caterpillar’s 3Q Profit Tops $1 Billion; Revenue Hits Record

Heavy equipment maker Caterpillar Inc. said Monday its third-quarter profit jumped on higher sales.

October 24, 2011
Business

New Class 8 Sales Surge 69.5%; Fleets Replace Trucks, Expand

U.S. customers bought 15,937 Class 8 trucks in September, a 69.5% jump compared with the same month last year, WardsAuto.com reported.

October 24, 2011
Business

U.S. Opens Mexico Border, Gives Permit to First Fleet

The United States opened its border to Mexican trucks this month for the first time in more than two years, granting Mexico-based Transportes Olympic permission to operate throughout the country as part of a cross-border pilot program.

October 24, 2011
Business

Newly Installed ATA Chairman Dan England Is Third Generation of Utah Trucking Dynasty

SALT LAKE CITY — Maybe it was simply a case of a father’s love of trucking rubbing off on his young son as he grew up in a tiny town about an hour’s drive north of the sprawling C.R. England headquarters here.

October 24, 2011