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, Safety

DOT Sets Final Rule Banning Truck Drivers’ Use of Hand-Held Phones

The Department of Transportation announced a final rule that will ban interstate truck and bus drivers from using hand-held cellphones while operating their vehicles.

November 28, 2011
Business

Teamsters Sue to Block Cross-Border Mexican Trucks Program

The Teamsters union has filed suit in an attempt to block the Department of Transportation from opening the U.S. border to what it termed “dangerous” Mexican trucks through DOT’s cross-border pilot program.

November 28, 2011
Business

New Home Sales Rise 1.3%

New home sales rose 1.3% in October, the Commerce Department said Monday.

November 28, 2011
Business, Technology

Technology Firm E2open Expands Presence in China

E2open, a provider of cloud-based global supply chain technology, announced on Monday it has partnered with Shanghai Future Information Technologies Co., which will resell, operate and support E2open’s technology in China.

November 28, 2011
Business

Freight Tonnage Index Rises 5.7%

October truck tonnage rose 5.7% above year-ago levels, continuing a streak of nearly two years of continuous growth that has moved the freight barometer within hailing distance of the record level it hit almost seven years ago, according to American Trucking Associations.

November 28, 2011
Business, Technology

DriveCam to Acquire Rair Technologies

DriveCam Inc., a maker of truck-cab video recorders, announced it will buy Rair Technologies, a provider of compliance services for commercial trucking fleets.

November 28, 2011
Business, Technology

GE Transportation to Buy Software Provider RMI

GE Transportation said it will acquire transportation software provider RMI from New York private equity firm Carlyle Group for an undisclosed sum.

November 28, 2011
Business, Fuel

Oil Rises Over $100 a Barrel

Oil rose to more than $100 a barrel in pre-market trading Monday, the highest in a week, on signs of U.S. economic recovery and following economic sanctions on Syria, Bloomberg reported.

November 28, 2011
Business, Technology

NavStar to Work With Trinity Noble

NavStar Technologies, a start-up company making electronic onboard recorders, has signed an agreement with Trinity Noble to add cellphone detection to its hardware and services.

November 28, 2011
Business, Technology

Cummins Invests in Research Center Expansion

Independent engine maker Cummins Inc. said it would invest $24 million over three years to expand its Cummins Technical Center research facility in North Charleston, S.C.

November 28, 2011