Business

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, Fuel

Bretthauer Oil Expands Offerings With REG Ultra Clean Diesel

Bretthauer Oil announced on Sept. 10 the availability of REG Ultra Clean Diesel for bulk delivery and for purchase at Bretthauer Oil cardlock sites in Hillsboro and McMinnville, Ore.

September 10, 2019
Business, Technology, Logistics

Shopify Gets Boost After $450 Million Acquisition

Shopify Inc.’s initiative to spend $1 billion to set up a network of fulfillment centers in the U.S. has gained momentum after it announced the acquisition of 6 River Systems Inc., analysts said.

September 10, 2019
Government, Business

Small-Business Optimism Drops to Lowest in Five Months

Optimism among U.S. small-business owners fell in August to the lowest level in five months, with the outlook for the economy and sales slumping amid escalating trade tensions and recession fears.

William Edwards | Bloomberg News
September 10, 2019
Government, Business, Safety

Kansas DOT Accepting Applications for Cost Share Program

The Kansas Department of Transportation is accepting applications for its new Cost Share Program, which is meant to provide funding for transportation projects.

Eleanor Lamb | Staff Reporter
September 10, 2019
Business, Technology, Logistics

China’s Jack Ma Ends 20-Year Reign Over Alibaba

Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen.

Venus Feng | Bloomberg News
September 10, 2019
Business, Equipment

Tip to Acquire Trailer Wizards, Expand in Canada

Tip Trailer Services, a portfolio company of I Squared Capital, announced it signed an agreement to acquire Trailer Wizards, a supplier of trailer rental and leasing services in Canada.

September 10, 2019
Business, Technology, Equipment

Ryder Expands Peer-to-Peer Sharing Platform

Ryder System Inc. announced the expansion of its peer-to-peer, truck-and-trailer sharing platform, Coop by Ryder, to Orlando, Fla.

September 10, 2019
Business, Logistics

Amazon Brings Prime Program to Brazil to Outflank Local Rivals

Amazon.com Inc. is bringing its Prime membership program to Brazil in an effort to leapfrog competitors and gain traction in a country where it has been expanding slowly but surely.

Fabiola Moura | Bloomberg News
September 10, 2019
Government, Business, Technology, Equipment, Safety, Autonomous

UD Trucks Tests Level 4 Autonomous Driving in Japan

Japanese truck maker UD Trucks, a unit of Volvo Group, announced it showcased Level 4 autonomous driving together with the nation’s largest logistics firm and a 100-year-old agricultural cooperative — calling the technology an important tool to address the contracting work force.

Roger Gilroy | Senior Reporter
September 10, 2019
Government, Business, Fuel

Average Price of a Gallon of Diesel Slips 0.5¢ to $2.971

The U.S. average retail price of diesel dropped 0.5 cent to $2.971 per gallon, the Department of Energy reported Sept. 9.

Jim Stinson | Staff Reporter
September 9, 2019