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.
PrePass Expands to Include Canadian Province
PrePass, a truck weigh station bypass platform with more than 620,000 trucks enrolled, has expanded into Canada.
August 26, 2019Deliveright Logistics Expands Service to West Coast, South
Deliveright Logistics, a final-mile delivery network for heavy goods, announced on Aug. 20 service has expanded to the West Coast, Alabama, Arkansas, Mississippi, Tennessee and northern Florida.
August 26, 2019Myers Industries Acquires Tuffy Manufacturing Industries
Myers Industries Inc. has acquired the assets of Tuffy Manufacturing Industries Inc., a warehouse distributor of tire repair equipment and supplies.
August 26, 2019123Loadboard Launches New App Version
123Loadboard, a freight-matching technology company, launched its next-generation version of its loadboard mobile app, the company said in an Aug. 20 news release.
August 26, 2019BMW, Mercedes-Benz Ensnared Again in US-China Trade War
When China responded to President Donald Trump’s trade war with an extra 25% tariff on U.S.-made cars in mid-2018, the move cut the number of vehicles exported from America by half.
Iran Says Oil Aboard Tanker Pursued by US Sold to Unnamed Buyer
TEHRAN, Iran — Iran on Aug. 26 announced that the 2.1 million barrels of crude aboard an Iranian oil tanker pursued by the United States have been sold to an unnamed buyer as the ship, at the center of a crisis roiling the region, continued its voyage in the Mediterranean Sea.
Amazon Joins Walmart in Blaming Tesla Solar Panels for Fires
Amazon.com said a June 2018 blaze on the roof of one of its warehouses in Redlands, Calif., involved a solar system that Tesla’s SolarCity division installed.
Durable Goods Orders Rise 2.1% in July
WASHINGTON — Orders to U.S. factories for large manufactured goods rose for the second straight month, but the strength again came from a big increase in the volatile aircraft category.
Descartes Acquires BestTransport.com
Descartes Systems Group announced it acquired BestTransport.com Inc., a cloud-based transportation management system provider focused on flatbed-intensive manufacturers and distributors. It was the company’s fourth acquisition this year.
Trump Claims Serious Trade Negotiations With China to Begin
BIARRITZ, France — President Donald Trump, facing pressure to scale back a U.S.-China trade war contributing to a global economic slowdown, claimed Aug. 26 that serious talks will begin soon, although another round has been expected in Washington in September.