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.
ATA Names Hulett Chief Financial Officer
American Trucking Associations has named Karla Hulett, a tax expert, accountant and business and technology consultant, as its new chief financial officer.
December 12, 2011Dana, Eaton Agree to Drop Roadranger Joint Venture
Truck component manufacturers Dana Holding Corp. and Eaton Corp. will drop their 13-year Roadranger joint marketing venture next year in a separation initiated by Dana, the two Ohio-based companies said last week.
December 12, 2011Telular Acquires SkyBitz for $42 Million
Wireless alarm company Telular Corp. has agreed to buy trailer tracking supplier SkyBitz Corp. for a total of $42 million — $35 million in cash and $7 million in new Telular stock.
December 12, 2011Ford’s V-10 Gas Engine Set for F650 Trucks
DEARBORN, Mich. — Ford Motor Co. said it will offer its V-10 gasoline engine to power its Super Duty F650 line of trucks in a bid to reduce costs for fleets that don’t pile up miles on their vehicles.
December 12, 2011Diesel Declines 3.3¢ to $3.931; U.S. Exports of Fuel Grow
U.S. diesel prices declined for a second straight week, while gasoline declined for a third consecutive week, according to the Department of Energy.
December 12, 2011Intermodal Traffic Rises 3.5% for Week
U.S. intermodal traffic rose 3.5% for the week ended Saturday from a year ago, the Association of American Railroads reported.
December 9, 2011Senate Panel to Hear Transportation Bills
The Senate Commerce Committee has set Dec. 14 to hear three bills introduced this week as part of the two-year transportation reauthorization package moving through the Senate.
Consumer Confidence Improves
Consumer confidence rose this month to a six-month high, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
December 9, 2011U.S. Trade Deficit Narrows in October
The U.S. trade deficit narrowed by 1.6% in October, shrinking to its lowest level of the year, the Commerce Department said Friday.
December 9, 2011C.H. Robinson Boosts Quarterly Dividend
C.H. Robinson Worldwide announced late Thursday that its board has declared an increase to its regular quarterly cash dividend.
December 8, 2011