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.
AIT Worldwide Logistics Sold to New Board, Top Managers
AIT Worldwide Logistics said that co-founders Dan Lisowski and Steve Leturno have sold a majority of the company to a new board headed by AIT President Vaughn Moore and executive vice presidents Keith Tholan, Ray Fennelly and Joe Kayser.
May 30, 2012Andrew Hadland Named President of CRST Unit
CRST International Inc. has announced the appointment of Andrew Hadland as president of Specialized Transportation Inc., one of CRST’s operating companies.
May 30, 2012NAFTA Trade Hits Record Over $85 Billion
Surface trade among the United States, Canada and Mexico jumped to a record in March, topping $85 billion for the first time, the Department of Transportation said Tuesday.
May 29, 2012FedEx to Acquire Brazilian Logistics Company
FedEx Corp. said it has signed an agreement to acquire Brazilian transportation and logistics company Rapidão Cometa Logística e Transportes S.A. to boost its Latin American business.
May 29, 2012Oil Rises for Third Day; Holds Near 7-Month Low
Oil prices rose for a third day in early trading Monday on forecasts of higher U.S. economic growth, but held near a seven-month low under $92 a barrel, Bloomberg reported.
May 29, 2012Volvo Debuts Remote System of Diagnostics
Volvo Trucks North America has introduced a remote diagnostics aftermarket service that is intended to mitigate downtime for heavy trucks.
May 29, 2012FedEx Express Years Ahead of Making ‘Green’ Fleet Goal
FedEx Express said it is “years ahead of schedule” in its goal of making its fleet 20% more fuel efficient by 2020.
May 29, 2012Letters: Natural Gas, Safety Compliance
I propose a very simple solution: Whenever a driver has driven 10 hours and is within a two-hour drive of his terminal, that rule should be suspended.
May 28, 2012Opinion: The Job of Last Resort
We often see mission statements referring to “corporate culture.” The question I always have to ask myself is, “What do they mean by that?”
May 28, 2012Editorial: Time to Fix CSA
At ATA’s leadership conference last week, we issued a statement pointing out what we see as the increasingly inflexible stance taken by FMCSA in regard to a number of outstanding issues and by some counterproductive steps the agency has taken as it fleshes out the CSA program.
May 28, 2012