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.
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.
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.
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.
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.
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.
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.
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, 2015Oil 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.
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.
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.