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

NY/NJ Port Authority Approves Toll Hikes

The Port Authority of New York and New Jersey has approved a plan to raise tolls at tunnels and bridges into New York City, in part to fund the reconstruction of the World Trade Center.

August 22, 2011
Business

Select Energy Services Acquires Riverside Transportation

Houston oilfield service and tank truck operator Select Energy Services has purchased Carlsbad, N.M., counterpart Riverside Transportation.

August 22, 2011
Business, Technology

iTECH: Cloud-Based Services for Mobile Devices Can Help Sales Forces

PHOENIX — Sales personnel can spend more time at shippers’ offices while staying connected to carrier headquarters with cloud-based services designed for BlackBerrys, smart phones and iPads, according to presentations made here by two less-than-truckload carriers.

August 22, 2011
Business, Technology

Vigillo Debuts Inspection Accuracy Web App

Vigillo LLC, a software pro­vider of fleet safety information, has released a new product known as Inspection Management System, or IMS, to aid fleets in assessing the accuracy of roadside inspections.

August 22, 2011
Business, Technology

McLeod, Multi Service Collaborate On Fuel Management Data System

Multi Service Corp. and McLeod Software are partnering to create a fleet fuel management data system.

August 22, 2011
Business, Technology

BlackBern Partners Buys Cadec Global

Cadec Global Inc., a provider of in-cab computer services, has been acquired by investment firm BlackBern Partners, New York.

August 22, 2011
Business

Celadon Group to Pay First Dividend

Celadon Group said last week it would pay its first cash dividend to shareholders, a payment of 2 cents a share.

August 22, 2011
Letters to the Editor, Business

Letter: Do Unto Others . . .

Over the past 36 years in business there have been so many times I have been helped by other drivers, both truck and automobile, that I can’t possibly drive past someone in need.

August 22, 2011
Business

Study Finds Broad Support For Changes in LTL Pricing

A study of pricing practices by less-than-truckload carriers has found broad-based support for changes among carriers, shippers and logistics companies in the way rates are set, but no consensus on what those changes should be or how to implement them.

August 22, 2011
Business

Freightliner Faces Shortages Of Many Parts, Exec Says

NAPA, Calif. — North America’s largest heavy-duty truck maker is struggling to find the parts necessary to build all the trucks it has agreed to supply to fleets during 2011, and has had to turn down “thousands” of orders, according to a senior company official.

August 22, 2011