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

European Commission Sets New Decision Date For Merger of FedEx, TNT

The European Commission’s in-depth review of the $4.9 billion merger proposal from FedEx Corp. and TNT N.V. is set for a Jan. 13 decision.

Rip Watson | Special to Transport Topics
August 24, 2015
Business, Equipment

Low-Rolling-Resistance Tires Save Fuel

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, according to a new study.

Daniel P. Bearth | Staff Writer
August 24, 2015
Business, Technology

Volvo, Mack Join Omnitracs to Create Telematics Product

Volvo Trucks and Mack Trucks are partnering with technology supplier Omnitracs to develop integrated fleet-management services that would utilize their trucks’ built-in telematics hardware.

Seth Clevenger | Managing Editor, Features and Multimedia
August 24, 2015
Business

CARB Touts ‘Most Promising’ Technologies That Could Cut GHG Output From Reefers

Electric and hydrogen cell-powered transport refrigeration units are the “most promising” technologies that can be used to reduce reefer emissions over the next five to 10 years and beyond, according to California environmental regulators.

Eric Miller | Senior Reporter
August 24, 2015
Business, Fuel

Kane Is Able Sues Volvo, Two Other Suppliers Over Fire, Explosion on CNG-Powered Tractor

Trucking and logistics operator Kane Is Able Inc. has sued Volvo Group North America, Cummins Westport and Agility Fuel Systems in connection with the fire and explosion of a CNG-powered tractor earlier this year, seeking to recover damages related to the incident.

Rip Watson | Special to Transport Topics
August 24, 2015
Business

Big Rigs Get the Comforts of Home to Help Truckers Close Driver Gap

With their kids out of the house, empty-nesters Dan and Cristy Dornbusch cruise U.S. highways with an array of domestic comforts — TV, microwave convection oven, running water — in their vehicle.

August 21, 2015
Business

FedEx to Start Tender Offer for TNT Shares

FedEx Corp. and TNT N.V. said the U.S. company would begin a tender offer for the Dutch package and freight carrier’s shares on Aug. 24 to advance their planned $4.8 billion merger.

August 21, 2015
Business, Fuel

Oil Falls Below $40 a Barrel for First Time Since 2009

Oil plunged below $40 a barrel in New York for the first time in more than six years, extending the longest decline since 1986 on concern slower demand growth will prolong a global glut.

August 21, 2015
Government, Business

DOT’s National Coalition on Truck Parking to Meet This Fall

WASHINGTON — A group consisting of national and regional stakeholders will begin to meet in a few months to outline ways to improve parking availability nationwide for truckers, senior Department of Transportation officials announced Aug. 21.

Eugene Mulero | Senior Reporter
August 21, 2015
Business

Volvo Demonstrates Adaptive Loading System

HEYBURN, Idaho  — Volvo Trucks rolled out a drivetrain system that management hopes will give the company a larger presence among liquid and bulk haulers, regional distribution carriers and trucking companies that often deal with diminishing loads or empty backhauls.

Jonathan S. Reiskin | Associate News Editor
August 21, 2015