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.
Bendix to Buy Iteris’ Vehicle Sensors Business for $14 Million
Bendix Commercial Vehicle Systems said late Monday it will acquire Iteris Inc.’s vehicle sensors business, including Iteris’ lane departure warning system.
July 25, 2011James Welch Named CEO of YRC Worldwide
YRC Worldwide said it has named transportation industry veteran James Welch its new CEO, effective immediately, following the company’s restructuring.
July 25, 2011Eaton’s 2Q Profit Rises 47%; Truck Segment Posts Record Sales
Truck and auto components maker Eaton Corp. said Monday its second-quarter profit rose 47% as its truck unit’s sales rose to a quarterly record.
July 25, 2011FAA Funding Stalemate Halts Airport Construction Projects, Furloughs Workers
Dozens of airport construction projects around the country are on hold and thousands of workers are furloughed because Congress has not passed legislation to keep the Federal Aviation Administration operating, the Associated Press reported Monday.
July 25, 2011Pa. Turnpike’s Cash Fares to Rise; Commercial Hauler Discount Will End
Cash fares will rise 10% on the Pennsylvania turnpike in 2012, but tolls will remain the same for E-ZPass users.
July 25, 2011CARB Approves $40 Million for Clean Vehicles
The California Air Resources Board approved up to $40 million to promote the purchase of next-generation clean cars and trucks in the third year of its Air Quality Improvement Program.
July 25, 2011Qualcomm Earns $1.03 Billion in Fiscal 3Q
Qualcomm Inc., a maker of trucking communication devices and wireless chips, said fiscal third quarter income rose to $1.03 billion, or 61 cents per share, on revenue of $3.62 billion.
July 25, 2011Canada Formally Issues Biodiesel Mandate
The Canadian government formally published a regulation July 20 mandating a 2% biodiesel blend in most provinces.
July 25, 2011Hino Trucks OK’d for B20 Biodiesel
Hino Trucks USA, Novi, Mich., said on July 12 its cabover trucks in Classes 4-5 and conventional trucks in Classes 6-7 have been approved to use up to B20 biodiesel.
July 25, 2011Truckload Firms Post Earnings Gains on Tight Capacity, Higher Rates
Six of seven publicly traded large truckload carriers delivered strong second-quarter profit increases last week, as capacity constraints helped to boost rates and margins.
July 25, 2011