Business
Business

Entrepreneur Bill Busbice Acquires FastTrac Transportation

Entrepreneur Bill Busbice has purchased FastTrac Transportation, a 22-year-old trucking company headquartered in Houston whose services include vehicles ranging from pickup trucks to oversize heavy-haul tractors and specialized trailers. Terms of the deal were not disclosed.

Transport Topics
June 19, 2018
Government, Business, Technology, Autonomous

Federal Regulators Tout Autonomous Vehicles’ Potential Benefits

autonomous car (Getty Images)

Commercial vehicles utilizing automated technology have the potential to increase highway safety and provide a boost to the economy, the country’s top trucking regulator said June 19.

Eugene Mulero | Staff Reporter
June 19, 2018
Government, Business, Technology, Autonomous

Podcast Debut: ‘RoadSigns’ Tackles Autonomous

RoadSigns podcast

Welcome to the inaugural episode of Transport Topics' new podcast: RoadSigns. Our debut episode focuses on how the trucking industry’s steady and ongoing development of autonomous technology may someday affect truck drivers. Click to listen!

Transport Topics
June 11, 2018
Business, Safety, Editorial

Opinion: Safety Programs Help Protect Fleets, Drivers

According to The National Safety Council, vehicle accidents are among the most costly of injury claims for businesses. The average cost of a loss related to a vehicle accident is nearly twice as much as the average workplace injury.

Nick Oates | Certified Workers’ Compensation Advisor, Knight-Dik Insurance Agency
June 19, 2018
Business, Equipment

VW Is Said to Mull Van Alliance With Ford to Share Costs

Volkswagen subsidiary Moia’s concept vehicle, an electric van with room for six. (Volkswagen AG)

Volkswagen AG is considering forming an alliance with Ford Motor Co. to share costs for development and production of vans and pickup trucks, according to people familiar with the matter.

Christoph Rauwald | Bloomberg News
June 19, 2018
Business, Logistics

Ryder Expands in Maryland With Completed Acquisition

Ryder truck (Terry Townsend)

Ryder System Inc. has completed the acquisition of all outstanding equity of Metro Truck & Tractor Leasing. Ryder now will operate Metro’s two Maryland facilities in Beltsville and Baltimore, which provide truck leasing, rental and maintenance services to more than 150 customers with a fleet of 900 units.

Transport Topics
June 19, 2018
Government, Business

Former Roadrunner Executives Indicted for Securities Fraud

Roadrunner Transportation Systems (Roadrunner Transportation Services)

Two former executives of carrier Roadrunner Transportation Systems were charged June 15 by the U.S. Department of Justice with multiple counts of conspiracy and wire and securities fraud in a scheme that the department claims led to a loss of $245 million in shareholder value.

Burney Simpson | Staff Reporter
June 19, 2018
Business, Technology, Equipment, Fuel, Top 100

Israeli Entrepreneur Races Tesla to Get Electric Trucks on Road

Tevva Motors Ltd.

Tevva Motors Ltd., headed by a former Israeli submariner who’s vying with Elon Musk’s Tesla Inc. to develop electric-powered trucks, secured a major investment that will enable it put the vehicles on the road this year.

Matthew Kalman | Bloomberg News
June 19, 2018
Business, Equipment, Logistics

Truck Tonnage Continues Robust Run, Climbing 7.8% in May

Werner truck (John Sommers II for Transport Topics)

Truck tonnage rose 7.8% in May compared with the same month last year, according to American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index. The index was up 0.7% in May compared with April.

Burney Simpson | Staff Reporter
June 19, 2018
Government, Business, Logistics

NLRB Rules UPS Illegally Insisted Teamsters Proposal Be Written in English

Victor J. Blue/Bloomberg News

UPS Supply Chain Solutions Inc. illegally insisted that a Teamsters union local in Puerto Rico translate its proposal for a collective bargaining agreement from Spanish to English, the National Labor Relations Board ruled.

Lawrence E. Dubé | Bloomberg News
June 19, 2018
Government, Business, Logistics

Europe Said to Seek WTO Revamp in Face of Trump Trade Challenge

World Trade Organization

European Union leaders plan to push for improvements in the way the World Trade Organization operates, saying it is important to uphold the global commercial order amid “growing” tensions prompted by President Donald Trump’s tariffs.

Jonathan Stearns | Bloomberg News
June 19, 2018

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