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, Equipment

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, 2007
Business

Commercial 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, 2007
Business, Government, Safety, Logistics

Ryder 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, 2007
Business, Technology, Equipment, Safety

FMCSA 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.

Frederick Kiel | Staff Reporter
October 1, 2007
Government, Business, Safety

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, 2007
Business, Fuel

Volvo 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, 2007
Government, Business, Safety, Fuel, Technology, Equipment

Cummins 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, 2007
Business, Logistics, Government

Diesel 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, 2007
Government, Business, Safety

ATA 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, 2007
Business, Government

Oil 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