Oil fell below $90 in early trading Monday on speculation that spreading financial turmoil will cut demand, and on the gains of the U.S. dollar versus the euro, the Associated Press reported.
October 6, 2008Trucking 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.
Editorial: The Great Credit Crunch
Trucking is quickly feeling the consequences of the financial meltdown that has paralyzed the nation’s banking and lending community.
October 7, 2008Freight Demand Likely to Decline Into ’09, Analyst Says
Freight demand for U.S. trucking companies is likely to decline as credit stays tight, a Wachovia Corp. economist said at American Trucking Associations’ annual meeting in New Orleans, Bloomberg reported.
October 7, 2008ATA Says Infrastructure Is Top Priority in Year Ahead
New legislation to boost U.S. infrastructure — roads, highways and bridges — will be American Trucking Associations’ top priority in the coming year,  the Associated Press reported.
October 7, 2008FedEx Unit Begins Mexico Operations
FedEx Express said its Mexican unit has begun operations under the name FedEx Express Nacional, a domestic overnight service in that country.
October 7, 2008TransCore Introduces New Transponder To Work With Electronic Toll Systems
TransCore, a provider of radio-frequency identification devices, introduced a new transponder that is compatible with multiple electronic toll-collection systems.
October 6, 2008Accellos Acquires Prophesy Software
Accellos Inc., Colorado Springs, Colo., a provider of warehousing and logistics management software, said it acquired Prophesy Transportation Software of Bloomfield, Conn., for an undisclosed amount.
October 6, 2008Qualcomm Offers In-Cab Scanning
Qualcomm Inc. added an in-cab scanning service to its mobile computing system, and launched a new reporting module designed to help carriers monitor how much fuel their drivers are burning, the company said last week.
October 6, 2008Goldman Sachs Buys Stake in American Traffic Solutions
Goldman Sachs, which recently announced that it will convert into a federally regulated bank holding company, has purchased a minority stake in closely held American Traffic Solutions, a Scottsdale, Ariz., provider of electronic toll payment and video-based traffic enforcement systems.
October 6, 2008Ryder to Acquire Canadian Firms with Chinese Operations
Ryder System said it will acquire Transpacific Container Terminal Ltd. and CRSA Logistics Ltd., as well as CRSA’s operations in Hong Kong and Shanghai, China.
October 6, 2008Follow Us
Trending
Newsletter Signup
Subscribe to Transport Topics