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

Second TA Express to Open in Baytown, Texas

TravelCenters of America announced it signed a franchise agreement with Shawn Ali, owner of the Oasis Mart in Baytown, Texas, to convert the business to a TA Express.

July 2, 2019
Business, Fuel

HOP Energy Acquires KoscoHeritage Energy

HOP Energy, a large specialty distributor of heating oil, propane and other petroleum products, acquired KoscoHeritage Energy (KHE), according to a news release.

July 2, 2019
Government, Business

US Proposes More Tariffs on EU Goods

The U.S. added more European Union products to a list of goods it could hit with retaliatory tariffs in a long-running trans-Atlantic subsidy dispute between Boeing Co. and Airbus SE.

July 2, 2019
Business

Tesla Loses More Executives in Midst of Musk’s Deliveries Push

Tesla Inc. executive departures are apparently picking up speed again, with reports saying the electric car maker has lost its head of Europe and a top engineering manager.

Craig Trudell | Bloomberg News
July 2, 2019
Business

Does Your Banking Partner Have These 8 Attributes?

Banks are eager to compete for your business. These eight must-have attributes will help you evaluate and choose a partner that’s dedicated to providing you with the capital, relationships and technology your business needs to keep growing and thriving.

July 2, 2019
Government, Business, Fuel

Diesel Price Average Dips 0.1¢ to $3.042 a Gallon

The U.S. average retail price of diesel dropped 0.1 cent to $3.042 a gallon, the Department of Energy reported July 1. Crude oil prices remained near $58 a barrel after touching $60 earlier in the day.

Roger Gilroy | Senior Reporter
July 1, 2019
Business, Logistics

Management Team of PTL Buys Company From Magnate Worldwide

Premium Transportation Logistics announced its senior management team — current President Jeff Curry, Operations Manager Keith Avery and expedited transportation sales veteran, Brad Kelley — has acquired PTL from Magnate Worldwide.

July 1, 2019
Business, Safety

Pennsylvania TDC's Dean Yockey and Mark Laurusevage

At the 2019 Pennsylvania Truck Driving Championships, NTDC Chairman Dean Yockey and Pennsylvania TDC Chair Mark Laurusevage talked pre-trip, course and competition.

Marissa Gamache | Features Coordinator
July 1, 2019
Government, Business, Safety, Autonomous, TCA

Sunshine State Now Autonomous Car State Too

The future of Florida’s highways seems to be hands-free after Gov. Ron DeSantis signed the Autonomous Vehicles bill that took effect July 1. It removes what the state calls “unnecessary obstacles that hinder the development of autonomous vehicle technology and solidifies Florida’s position as a leading state for transportation innovation.”

Dan Scanlan | The Florida Times-Union (Jacksonville, Fla.)
July 1, 2019
Business, Logistics

Performance Food to Buy Rival Supplier Reinhart for $2 Billion

Performance Food Group Co. agreed to buy Reinhart Foodservice for $2 billion in a combination of U.S. food suppliers.

Eric Pfanner | Bloomberg News
July 1, 2019