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.
Volvo Unveils Plans to Use DME as Trucking Fuel
Volvo Trucks officials said Thursday the company will begin selling Class 8, over-the-road trucks powered by dimethyl ether beginning in 2015.
June 7, 2013Old Dominion Increases 2Q Tonnage Outlook
Old Dominion Freight Line said it has increased its expectations for second-quarter tonnage growth, to 5% to 5.5% from a year ago, up from its previous guidance of 4.5% to 5% growth.
June 7, 2013Titan Transfer Acquires Truckload Carrier RRR Express
Titan Transfer Inc., whose CEO Tommy Hodges is a past American Trucking Associations chairman, announced the purchase of RRR Express, a Cincinnati-based truckload carrier, to broaden Titan’s Midwest service offerings. Terms of the transaction weren’t disclosed.
June 7, 2013ATA’s Graves Urges Veto of N.J. Classification Bill
American Trucking Associations President Bill Graves has written a letter to the governor of New Jersey, urging him to veto a bill that would reclassify most drayage and parcel truck owner-operators as employees.
Volkswagen Wins Agreement for Control of MAN SE
German truck maker MAN SE’s CEO said an offer from Volkswagen AG to purchase the rest of MAN below the current market value is fair, given the poor economic conditions in Europe, Bloomberg News reported.
June 7, 2013Intermodal Traffic Rises for Week, Posts Record Weekly Average in May
U.S. rail intermodal traffic rose 3.7% last week from the same week a year ago and posted the highest weekly average for any May on record, the Association of American Railroads said.
June 7, 2013Roadcheck Truck Inspections Wrapped Up Thursday
Roadcheck 2013, the three-day truck-inspection blitz throughout North America, wrapped up Thursday.
June 6, 2013Trucking Companies Seek to Consolidate Pilot Flying J Suits in Ohio Court
Attorneys for an Ohio trucking company are seeking to consolidate several federal lawsuits filed against Pilot Flying J in U.S. District Court in Cleveland, the Plain Dealer reported.
June 6, 2013NTSB Finishes Work at Skagit River Accident Scene
The National Transportation Safety Board has concluded its work at the scene of the Skagit River Bridge collapse at Interstate 5 in Washington state, the Associated Press reported.
June 6, 2013UTi Worldwide Reports 1Q Loss
UTi Worldwide reported a first-quarter loss of $12.4 million, or 12 cents per share, from a profit of $12.9 million, or 12 cents, a year earlier.
June 6, 2013