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.
National Diesel Average Dips 0.2¢ in 12th Consecutive Decline
The average price of diesel fuel in the United States declined 0.2 cent a gallon to $2.615, the 12th straight weekly decline, the Department of Energy reported Aug. 17.
August 17, 2015Affinia Group to Merge with Mann+Hummel
Affinia Group, a leading manufacturer of Wix and Filtron brand filters for vehicles and machinery, has agreed to merge with Germany’s Mann+Hummel, a company that also makes filters for automotive and industrial customers.
NTDC 2015 Champion: Wal-Mart Driver Ronald Emenheiser
ST. LOUIS — Ronald Emenheiser Sr., a Wal-Mart Transportation professional truck driver based in Yorkana, Pennsylvania, took home 2015 Bendix Grand Champion honors at the National Truck Driving Championships. See full list of winners, photos.
French Forwarder to Acquire US Logistics Firm OHL
Geodis, a French-owned freight forwarder and transport firm, has agreed to acquire logistics operator OHL, based in Brentwood, Tennessee, for an undisclosed amount.
August 17, 2015Study Shows Low-Rolling-Resistance Tires Aid Fuel Efficiency, Reduce Cost
A new study finds that tires designed with low rolling resistance are a worthwhile investment because they save a significant amount of fuel and cost about the same as tires that are not designed for low rolling resistance.
Traffic Deaths Rise 14% for First Half of the Year
Traffic deaths increased 14% in the first six months of the year according to data by the National Safety Council, the Associated Press reported.
August 17, 2015Container Traffic Sets Record at Port of Long Beach, Declines in L.A.
Container traffic at the Port of Long Beach, California, rose to the highest level on record in July but declined at the nearby Port of Los Angeles.
August 17, 2015Titan Transfer Buys TMAF Trailer Wraps to Promote Trucking
Titan Transfer announced it has purchased three trailer wraps to help promote the Trucking Moves America Forward image campaign.
August 17, 2015European Regulators to Decide on FedEx, TNT Deal by Jan. 13
European Union antitrust regulators will decide by Jan. 13 instead of Dec. 8 whether to clear FedEx's $4.9 billion bid for Dutch rival TNT after the logistics companies asked for more time.
Manufacturing in New York State Slumps Even as Outlook Brightens
Manufacturing in the New York region slumped at the fastest pace since the depths of the last recession, a report from the Federal Reserve Bank of New York showed Aug. 17.