Trucking Business News

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, Government

ISM Factory Index Dips in September

The Institute for Supply Managements manufacturing index declined in September, ISM said Monday.

October 1, 2007
Government, Business, Safety

Nokia Buying Navteq for $8.1 Billion

Computer and mobile phone giant Nokia has agreed to buy Navteq Corp., a maker of maps used in transportation navigation, for $8.1 billion in cash, the companies said Monday.

October 1, 2007
Business, Equipment

Cummins to Form Engine Venture in Vietnam

Cummins Inc. said it has signed a memorandum of understanding with Vietnam Motors Industry Corp. to create a 50-50 joint venture to produce on-highway diesel engines in Vietnam.

October 1, 2007
Business

Commercial Vehicle Group Buys German Firm

Commercial Vehicle Group Inc. said Monday it has acquired the outstanding stock of German firm PEKM Kabeltechnik, an electronic wire harness manufacturer for the commercial truck market.

October 1, 2007
Business, Government, Safety, Logistics

Ryder Says Menlo Used Untested Technology in Winning Bid for $1.6 Bln. DOD 3PL Deal

The Department of Defense should not have awarded its largest-ever third-party logistics contract to Menlo Worldwide Government Services because one of Menlos subcontractors plans to use a freight management technology that was untested in a customer environment, according to a formal protest filed by Ryder Integrated Logistics.

October 1, 2007
Business, Technology, Equipment, Safety

FMCSA Works With Fleets on Electronic Driver Checks

NASHVILLE, Tenn. The Federal Motor Carrier Safety Administration is working with fleets to develop an employee notification system that would allow a fleet to download an applicants complete driving record before hiring, an FMCSA researcher said last week.

October 1, 2007
Government, Business, Safety

FMCSA Seeks One-Year Delay to Address Courts HOS Ruling

The Federal Motor Carrier Safety Administration asked a federal court for a year-long delay in implementing its decision to strike down two parts of the agencys driver hours-of-service rule.

October 1, 2007
Business, Fuel

Volvo Urges Global Standard for Alternative Truck Fuels

BRUSSELS, Belgium Truck manufacturer Volvo AB urged the worlds political leaders and energy producers to agree on global fuel standards that would allow truck makers to produce a new generation of cleaner-burning vehicles.

October 1, 2007
Government, Business, Safety, Fuel, Technology, Equipment

Cummins Taps EGR for 2010 Engines

NASHVILLE, Tenn. Cummins Inc. said it will not use selective catalytic reduction for its 2010 heavy-duty engines, making it the first manufacturer to reject the urea-based system widely used in Europe to cut emissions.

October 1, 2007
Business, Logistics, Government

Diesel Tops $3 After Fourth Straight Increase

The national average price of retail diesel cracked $3 for the first time in nearly 13 months with a 6.8-cent-a-gallon price hike last week, the fourth straight weekly increase.

October 1, 2007