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.
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, 2019HOP 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, 2019US 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.
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.
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, 2019Diesel 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.
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, 2019Pennsylvania 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.
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.”
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.