Trucking Business News

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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.

Fuel, Government, Business

EPA Approves Fuel Waiver for 16 Louisiana Parishes

The Environmental Protection Agency said it waived some clean fuel requirements for 16 parishes in the Louisiana until next Monday, Sept. 8, due to Hurricane Gustav, which hit the state Monday.

September 2, 2008
Business, Technology

IdleAire Re-Forms with New Ownership

IdleAire Inc., comprised of six investment management companies, said Monday it now owns essentially all of the bankrupt IdleAire Technologies Corp.’s assets with the official closing late Friday on their successful $17.5 million bid submitted earlier this year.

September 2, 2008
Business, Fuel, Technology, Government

Forward Air to Acquire Service Express

Forward Air Corp. said Monday its wholly owned subsidiary, Forward Air Solutions Inc., has entered into an agreement to acquire certain assets of Service Express, a privately held provider of pool distribution and related services headquartered in Spartanburg, S.C.

September 2, 2008
Business, Fuel, Technology, Equipment, Safety

Wright Express Completes International Acquisition

Wright Express Corp. said it completed its acquisition of Financial Automation Limited, a New Zealand-based international provider of fuel card processing software systems.

September 2, 2008
Business, Safety, Government

ISM Manufacturing Index Contracts in August

U.S. manufacturing fell slightly into contraction levels in August, the Institute for Supply Management said Tuesday.

September 2, 2008
Fuel, Business, Equipment

Kenworth Offers Synthetic Axle Lube as Standard

Kenworth Truck Co. will make standard on its Class 5-8 trucks a synthetic axle lube that will boost fuel economy by 1%, the company said.

September 2, 2008
Government, Business

Construction Spending Declines in July

Construction spending fell 0.6% in July, the Commerce Department said Tuesday.

September 2, 2008
Business, Safety, Technology

iTECH — Driver Monitoring: Parsing the Cost of Behavior Modification

Camera-based driver monitoring costs $400 to $1,000 per device, plus monthly monitoring fees of $20 to $40 per vehicle, according to vendor reports.

September 2, 2008
Business

FedEx Express Upgrades Europe-U.S. Service

FedEx Express said Monday it has upgraded its next-business-day delivery service, FedEx International Priority, from Europe to major U.S. East Coast cities.

September 2, 2008
Business, Fuel

Oil Falls Below $110, as Gustav Spares Major Gulf Rig Damage

Crude oil fell more than $5 to below $110 a barrel Tuesday, a day after Hurricane Gustav made landfall, sparing the region similar damage done by two big hurricanes three years ago, Bloomberg reported.

September 2, 2008