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.
GlobalTranz Buys Logistics Firm Cerasis
GlobalTranz Enterprises, a national transportation management company for truckers and other shippers, has acquired Cerasis, a privately held company in Eagan, Minn., with about $150 million in revenue and 119 employees.
Bulkmatic Launches New National Joint Venture With Bulk FR8
Bulkmatic, one of the largest dry bulk transporters in the United States, is teaming up with Seattle-based Bulk FR8 to form a new nationwide joint venture.
Michael Bloomberg Outlines Plans for Cleaner Buildings, Cars
SACRAMENTO, Calif. — Democratic presidential candidate Michael Bloomberg would push for all new cars to be electric by 2035 and new buildings to produce zero carbon emissions by 2025 as part of clean energy plans he released this week.
China’s Wider Fight With US Is Only Just Beginning After Trade Deal
In a letter read out during the Jan. 15 trade deal signing at the White House, Chinese leader Xi Jinping asked U.S. President Donald Trump to take steps to “enhance mutual trust and cooperation between us.”
January 17, 2020Love’s Plans to Open 40 New Truck Stops
Love’s Travel Stops & Country Stores announced plans Jan. 16 to open 40 new truck stops, adding 3,000 more parking spots and creating 2,500 jobs.
Judge Sides With California Trucking Association, Issues Preliminary Injunction in AB 5 Fight
A federal judge in San Diego on Jan. 16 issued a preliminary injunction against the trucking component of a California law that would restrict how independent workers can be classified by companies. The judge’s ruling means the state of California cannot implement the law as it pertains to the trucking industry.
IPhone Manufacturer Wades Into Electric Cars With Fiat Venture
Hon Hai Precision Industry Co., the iPhone assembler that’s part of Foxconn Technology Group, plans to establish a joint venture with Fiat Chrysler Automobiles NV to develop and make electric vehicles in China.
TA Express Truck Stop Opens in Kilgore, Texas
TravelCenters of America announced Jan. 15 it has opened a new TA Express truck stop in Kilgore, Texas.
Alliant Reconfigures $46.5 Million Freight Hub Project in Iowa
Shifting market needs and ballooning costs led Alliant Energy Transportation to revamp a multimillion-dollar intermodal project on nearly 75 acres it owns, northwest of Eastern Iowa Airport in Cedar Rapids.
European Carmakers Grow Charging Network for Electrics
FRANKFURT, Germany — European automakers’ network of highway charging stations for battery-powered vehicles is taking shape ahead of an expected surge in electric car sales as manufacturers strive to meet new emission limits.