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.
Verisk Analytics Launches Tracking Device
Verisk Analytics last week announced the launch of IRONwatch, a wireless tracking and recovery device for mobile heavy equipment with no monthly fees.
October 17, 2011First Data Corp., TCH Announce Joint Venture
Electronic payment firms First Data Corp. and Transportation Clearing House LLC have announced plans to create a joint venture company.
October 17, 2011Celadon Buys 6% Stake in Truckload Carrier USA Truck
Truckload carrier Celadon Group last week said it had purchased a 6.29% stake in truckload fleet USA Truck, but did not comment on its plans beyond saying it was “a potentially attractive investment.”
October 17, 2011Used-Truck Sales Seen Slowing; Dealers Cite Lack of Equipment
Sales of used heavy-duty trucks in the United States appear to be declining, according to ACT Research Co., but some dealers disagreed with the firm’s finding that Class 8 volumes fell 18.2% in August, compared with the same month last year.
October 17, 2011Keystone Pipeline Would Benefit U.S., ATA Official, Others Tell D.C. Forum
The proposed controversial Keystone XL pipeline from Canada to Oklahoma would supply a stable and secure source of energy for the United States and its trucking industry, and its construction should be approved, an American Trucking Associations official told the State Department this month.
October 17, 2011Teamsters Call on Obama to Move Forward on HOS
The Teamsters union and highway safety advocates have asked President Obama to “expeditiously more forward” on the new hours of service rule proposed by the Federal Motor Carrier Safety Administration.
October 17, 2011Trucking Leaders Gather in Texas as ATA Hosts Its Annual Meeting
Trucking leaders are scheduled to gather this week at American Trucking Associations’ Management Conference & Exhibition to discuss critical issues, get familiar with vendors’ latest products and hear from experts on how the political and economic environment will affect their businesses over the next year.
October 17, 2011ATA Selects Samson as Executive Director of Agricultural and Food Transport Group
Agricultural lobbyist Jon Samson has been appointed executive director of American Trucking Associations’ Agricultural and Food Transporters Conference.
October 17, 2011Infrastructure Bank Will Not Happen, Mica Says at Congressional Hearing
WASHINGTON — President Obama’s proposal for a $10 billion national infrastructure bank is “dead on arrival,” the chairman of the House transportation committee said last week, and other Republicans on the panel said the bank was unnecessary because its goals could be achieved through other means.
October 17, 2011Diesel Dips 2.8¢ to $3.721 a Gallon
The U.S. retail diesel and gasoline averages declined for the fifth straight week, even as crude oil prices continued to rise, the Department of Energy reported.
October 17, 2011