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.
Wright Express Completes International Acquisition
Wright Express Corp. said it completed its acquisition of Financial Automation Limited, a New Zealand-based international provider of fuel card processing software systems.
September 2, 2008ISM Manufacturing Index Contracts in August
U.S. manufacturing fell slightly into contraction levels in August, the Institute for Supply Management said Tuesday.
September 2, 2008Kenworth Offers Synthetic Axle Lube as Standard
Kenworth Truck Co. will make standard on its Class 5-8 trucks a synthetic axle lube that will boost fuel economy by 1%, the company said.
September 2, 2008Construction Spending Declines in July
Construction spending fell 0.6% in July, the Commerce Department said Tuesday.
September 2, 2008iTECH — Driver Monitoring: Parsing the Cost of Behavior Modification
Camera-based driver monitoring costs $400 to $1,000 per device, plus monthly monitoring fees of $20 to $40 per vehicle, according to vendor reports.
September 2, 2008FedEx Express Upgrades Europe-U.S. Service
FedEx Express said Monday it has upgraded its next-business-day delivery service, FedEx International Priority, from Europe to major U.S. East Coast cities.
September 2, 2008Oil Falls Below $110, as Gustav Spares Major Gulf Rig Damage
Crude oil fell more than $5 to below $110 a barrel Tuesday, a day after Hurricane Gustav made landfall, sparing the region similar damage done by two big hurricanes three years ago, Bloomberg reported.
September 2, 2008MHF Holdings Launches Drayage Firm
MHF Holdings Co. said it will expand its Jacksonville, Fla., operations with the launch of MHF Trucking & Drayage.
September 2, 2008Truck Tonnage Increases 4.4% in July
The July truck tonnage report offered mixed signals about the industry and the U.S. economy, as American Trucking Associations’ index rose 4.4% from weak results a year earlier but declined 0.3% from the June totals.
September 1, 2008Dennis Shirar Is Named 2008 NTDC Grand Champion
HOUSTON — Dennis Shirar, a 51-year-old driver for Heritage Transport, Indianapolis, earned the title of Grand Champion at the 2008 National Truck Driving Championships.
September 1, 2008