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.

Business

Qualcomm Renames Wireless Unit

Qualcomm Inc. said it had renamed its wireless business unit, which will now be called Qualcomm聽 Enterprise Services.

October 2, 2007
GovernmentBusinessSafety

Court Issues 90-Day Stay of Hours鈥 Decision

A federal appeals court has delayed implementation of its ruling striking down parts of the federal hours of service rule for 90 days 鈥 less than half of what had been requested by American Trucking Associations and the Federal Motor Carrier Safety Administration.

October 1, 2007
Business

UPS, Teamsters Agree to Five-Year Contract

UPS Inc. said Sunday it had reached a tentative agreement with the Teamsters union on a new, five-year contract covering the company鈥檚 240,000 full- and part-time U.S. employees.

October 1, 2007
BusinessSafetyGovernment

ISM Factory Index Dips in September

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

October 1, 2007
GovernmentBusinessSafety

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
BusinessEquipment

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
BusinessGovernmentSafetyLogistics

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 Menlo鈥檚 subcontractors plans to use a freight management technology that was untested 鈥渋n a customer environment,鈥 according to a formal protest filed by Ryder Integrated Logistics.

October 1, 2007
BusinessTechnologyEquipmentSafety

FMCSA Works With Fleets on Electronic Driver Checks

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

October 1, 2007
GovernmentBusinessSafety

FMCSA Seeks One-Year Delay to Address Court鈥檚 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 agency鈥檚 driver聽 hours-of-service rule.

October 1, 2007