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.
Cummins to Form Engine Venture in Vietnam
Cummins Inc. said it has signed a memorandum of understanding with Vietnam Motors Industry Corp. to create a 50-50 joint venture to produce on-highway diesel engines in Vietnam.
October 1, 2007Commercial Vehicle Group Buys German Firm
Commercial Vehicle Group Inc. said Monday it has acquired the outstanding stock of German firm PEKM Kabeltechnik, an electronic wire harness manufacturer for the commercial truck market.
October 1, 2007Ryder Says Menlo Used Untested Technology in Winning Bid for $1.6 Bln. DOD 3PL Deal
The Department of Defense should not have awarded its largest-ever third-party logistics contract to Menlo Worldwide Government Services because one of Menlo’s subcontractors plans to use a freight management technology that was untested “in a customer environment,” according to a formal protest filed by Ryder Integrated Logistics.
October 1, 2007FMCSA Works With Fleets on Electronic Driver Checks
NASHVILLE, Tenn. — The Federal Motor Carrier Safety Administration is working with fleets to develop an employee notification system that would allow a fleet to download an applicant’s complete driving record before hiring, an FMCSA researcher said last week.
FMCSA Seeks One-Year Delay to Address Court’s HOS Ruling
The Federal Motor Carrier Safety Administration asked a federal court for a year-long delay in implementing its decision to strike down two parts of the agency’s driver hours-of-service rule.
October 1, 2007Volvo Urges Global Standard for Alternative Truck Fuels
BRUSSELS, Belgium — Truck manufacturer Volvo AB urged the world’s political leaders and energy producers to agree on global fuel standards that would allow truck makers to produce a new generation of cleaner-burning vehicles.
October 1, 2007Cummins Taps EGR for 2010 Engines
NASHVILLE, Tenn. — Cummins Inc. said it will not use selective catalytic reduction for its 2010 heavy-duty engines, making it the first manufacturer to reject the urea-based system widely used in Europe to cut emissions.
October 1, 2007Diesel Tops $3 After Fourth Straight Increase
The national average price of retail diesel cracked $3 for the first time in nearly 13 months with a 6.8-cent-a-gallon price hike last week, the fourth straight weekly increase.
October 1, 2007ATA Challenges Public Citizen’s Filing on HOS Rule
American Trucking Associations said that the public interest group that claims to promote highway safety disregards the safety advantages of truck drivers’ hours of service regulations the group has repeatedly challenged in court.
September 28, 2007Oil Dips to Below $82
Oil prices fell from a near-record Friday to close the trading week at $81.66 a barrel, Bloomberg reported.
September 28, 2007