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.
Interest in Natural Gas Truck Fuel Increases; Industry Observers Predict Rising Sales
Sales of natural-gas-powered trucks will grow faster than the rest of the North American market, hitting almost 30,000 units by 2017, consulting firm Frost & Sullivan said.
August 29, 2011Roadrunner Agrees to Purchase Logistics Firm for $97.5 Million
Bidding to broaden its market reach, less-than-truckload hauler Roadrunner Transportation Systems Inc. has agreed to acquire Prime Logistics Corp., a food logistics firm that operates as Prime Distribution Services Inc., for about $97.5 million.
August 29, 2011Port Authority Sets Toll Jump for Trucks Crossing into NYC
Tolls for trucks entering New York City from New Jersey will more than double over the next five years, a larger increase than originally proposed.
August 29, 2011PeopleNet Executives Brief Customers, Outline Updated Back-Office Package
BOCA RATON, Fla. — PeopleNet’s short-term plans for new products, services and upgrades are not likely to change as a result of its recent acquisition by Trimble Navigation Ltd., executives told customers.
August 29, 2011Mica Said to Support Temporary Funding for Transportation When Congress Returns
Rep. John Mica (R-Fla.), chairman of the House Transportation and Infrastructure Committee, will support a temporary extension of the nation’s current transportation plan when Congress returns to session next month, an aide said.
August 29, 2011Janine Valle Dies at 61; Was Vice President Of Pennsylvania Motor Truck Association
Janine Valle, vice president of the Pennsylvania Motor Truck Association, died Aug. 21 at the age of 61.
August 29, 2011Diesel Declines 2.5¢ to $3.81 For Fourth Consecutive Drop
The national average price of retail diesel declined for the fourth consecutive week, dipping 2.5 cents a gallon to $3.81, the Department of Energy reported.
August 29, 2011Consumer Confidence Falls in August
Consumer confidence dropped in August to its lowest level since November 2008, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
August 26, 2011TMSi Logistics Buys Griffin Global
TMSi Logistics, Portsmouth, N.H., said it has acquired Reno, Nev.-based Griffin Global Logistics Inc. for an undisclosed sum.
August 26, 2011Pitney Bowes Beefs Up SendSuite
Pitney Bowes said it has made some enhancements to its SendSuite Live logistics software.
August 26, 2011