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.
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, 2011Teamsters 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, 2011New Home Sales Rise 1.3%
New home sales rose 1.3% in October, the Commerce Department said Monday.
November 28, 2011Technology 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, 2011Freight 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, 2011DriveCam 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, 2011GE 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, 2011Oil 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, 2011NavStar 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, 2011Cummins 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