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.
J.B. Hunt to Add Drop-and-Hook Service
J.B. Hunt Transport Services Inc. announced it will launch a trailer pool and drop-and-hook service, J.B. Hunt 360box, this summer.
May 6, 2019Agreement Solidifies First Victory for Trump’s Attempts at ‘Infrastructure Week’
The April 30 meeting between President Donald Trump and congressional Democrats produced an agreement on a $2 trillion infrastructure package. The next step, which will occur within the next three weeks, is to discuss funding. Here's your Capitol Agenda look ahead at the week for trucking on Capitol Hill.
Haldex Adds New Product Lines
Haldex announced an array of product unveilings May 2, including its new line of Midland 3IN1 ConnectSets.
May 6, 2019Bill Aims to Boost Electric-Car Battery Mineral Production
A group of U.S. senators is introducing legislation to boost domestic production of “critical minerals” that are often imported from China to make electric car batteries.
Kriska Transportation Acquires Champion Express
The Kriska Transportation Group has acquired Champion Express Ltd., according to a Kriska news release.
May 6, 2019Joseph Brent Shull Set to Defend Kentucky Title Against Vets and Rookies
The Kentucky Trucking Association will host its Truck Driving Championships on May 17-18 at Kentucky Speedway in Sparta.
May 3, 2019Ryder System Posts Robust First Quarter, Boosts Profit Forecast for 2019
Ryder System posted higher earnings and strong sales growth in its dedicated and supply chain solutions businesses for the first quarter of 2019.
Universal Logistics Acquires Michael’s Cartage
Universal Logistics Holdings Inc., an asset-light transportation and logistics company, acquired Michael’s Cartage Inc., according to an April 22 news release. Terms were not disclosed.
May 3, 2019Autonomous Tech Could Make Tesla $500 Billion Company, CEO Elon Musk Says
Elon Musk described autonomous-driving technology as “transformative” to Tesla Inc. in a call aimed at ginning up interest in the electric-car maker’s debt and stock offering of about $2 billion, according to two people who dialed in.
Electric Cars, Solar Compete for Same Parts
Electric vehicles and solar tend to get lumped together as partners in the climate-friendly push to phase out fossil fuels. Now they’re competing head-to-head for high-tech components that have been in short supply.