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.
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, 2019Shopify 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, 2019Small-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.
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.
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.
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, 2019Ryder 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, 2019Amazon 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.
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.
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.