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.
Leonard’s Express Eyes Planning Boost With Optimal Dynamics
Leonard’s Express will begin deploying Optimal Dynamics’ load planning and dispatch software starting in August, executives said July 16.
Ryder Buys Mobile Maintenance Firm Pit Stop Fleet Service
Ryder System Inc. is set to buy Pit Stop Fleet Service for an undisclosed sum, it said July 15. The deal is expected to close by Aug. 1.
Cold Storage Firm Lineage Seeks Up to $3.85 Billion in IPO
Temperature-controlled storage and logistics giant Lineage Inc. is seeking to raise as much as $3.85 billion in its initial public offering.
Amazon Prime Day Sales Rise 13% in First Six Hours of Event
Amazon’s Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce.
FedEx Freight’s Willinger Wins Kentucky, Again
With fewer than six weeks before the country’s elite truckers gather for NTDC, FedEx Freight driver John Willinger of Kentucky formally embarks on a path of constant preparation.
GM CEO Barra Backs Away From 1 Million EV Production Goal
General Motors Co. CEO Mary Barra walked back expectations for her company’s electric vehicle program, the latest such move by a legacy automaker as momentum slows for plug-in models.
California Awards $27 Million to Container Ports
California’s business and economic development office has awarded $27 million to fund 10 projects at its five container ports to improve data systems and interoperability.
Electric TRUs, Diesel Hybrids Pave Path for Reefer Transport
As its technology advances, the omnipresent transport refrigeration unit remains the workhorse of the refrigerated transportation market with room to grow.
Wyoming Gets Tough on Drivers Ignoring Road Closure Signs
A new law in Wyoming is aimed at reducing blow-over crashes of light and high-profile vehicles.
Two Suspected Houthi Attacks Strike Ships in Red Sea
DUBAI, United Arab Emirates — Two suspected attacks by Yemen’s Houthi rebels targeted ships in the Red Sea on July 15, as a new U.S. aircraft carrier approached the region to provide security.