Business

Truck components maker ArvinMeritor said Monday it has saved about $430 million on an annual basis in cost-reduction measures taken since October.

Conga lines of idle trucks waiting to clear U.S. customs are daily a fact for trade traffic at America’s major border-crossing points, north and south.

Most Transport Topics readers have experienced the current downturn firsthand — dwindling freight demand, fluctuating fuel prices, clean-engine mandates and downward-spiraling leading indicators.

Federal researchers said they have confirmed manufacturers’ claims that single wide tires can boost a truck’s fuel economy, but one tire expert said they may not be suitable for every fleet.

Cadec Global, which offers fleet management services, said it has received an additional $4 million in funding from Thule Investments that will be applied to support further growth.

FleetCor Technologies, which operates an international network of fuel-card programs, said it has acquired Corporate Lodging Consultants from Nautic Partners of Providence, R.I., to broaden its service offerings.

Trailer maker Wabash National Corp. said it is exploring strategic alternatives — including divestitures, changes to its capital structure and a merger or a sale — following a default under a revolving credit agreement.

Baltimore’s Bond Transfer Co. filed for Chapter 7 bankruptcy protection and has liquidated, the Maryland Daily Record newspaper reported.

Here we go again — the safety freaks filing yet another challenge to the current hours of service, led unfortunately by my illustrious leader, James Hoffa. I think he needs to pull his head out of the sand on this one.