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.
DOT Freight Transportation Index Rises in February
The Department of Transportation’s freight transportation services index rose 2.5% in February from the same month in 2014, DOT said April 8.
April 8, 2015Best Carrier TMS Software in 2024: How to Choose
Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.
Manufacturers Group Presses Rep. Paul Ryan for Long-Term Bill
The Association of Equipment Manufacturers called on Rep. Paul Ryan (R-Wis.) this week to advance a long-term transportation bill before funding authority for highway programs expires May 31.
Daimler Trucks North America Recalling Some Model-Year 2015 Freightliner, Western Star Trucks
Daimler Trucks North America is recalling some model-year 2015 Freightliner and Western Star trucks due to a possible brake problem, the National Highway Traffic Safety Administration said in a recall announcement.
PeopleNet Expands OEM Partnerships, Appoints Managers for New Business Lines
PeopleNet has expanded its partnerships with truck and engine makers and recently appointed leaders for two of its new divisions as it continues to broaden its business beyond its core aftermarket offerings.
Shell Will Buy BG Group for $70 Billion in Cash and Shares
Royal Dutch Shell agreed to buy BG Group Plc for about $70 billion (47 billion pounds) in cash and shares, the oil and gas industry’s biggest deal in at least a decade.
FedEx Agrees to Buy TNT Express for $4.8 Billion
FedEx Corp. and Netherlands-based TNT Express announced a conditional agreement for the U.S. company to buy the package, freight and logistics operator for $4.8 billion.
April 7, 2015DOE Lowers 2015 Diesel-Price Forecast 3¢ to $2.86
The Department of Energy lowered its 2015 forecast for diesel prices by 3 cents to $2.86 a gallon and said it will average $2.77 for the six months through September.
Con-way Truckload Driver Honored for Helping to Save Kidnapped Woman
Con-way Truckload driver Kevin Kimmel was honored April 3 for helping save a kidnapped woman who had been forced into prostitution.
April 7, 2015Rep. Hanna Urges U.S. Transportation Chief to Ensure Fair HOS Study
Rep. Richard Hanna (R-N.Y.) recently urged Transportation Secretary Anthony Foxx to make sure a study of the Federal Motor Carrier Safety Administration’s hours-of-service rule consists of drivers who are representative of the industry.
NTSB Urges Increased Safety Requirements for Oil Tank Cars
The National Transportation Safety Board on April 6 urged hazardous material regulators to step up requirements for replacing or retrofitting tank railcars that carry flammable liquids such as crude oil and ethanol with better thermal protection.