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.
Mapillary Assists Transportation Agencies With Safety
Mapillary, a street-level imagery platform, has announced that photologs with 40 million images of about 270,000 miles of road data have been uploaded to its system to improve safety in the commercial and commuter transportation sectors.
Pennsylvania Gov. Tom Wolf Touts $4.5 Billion Infrastructure Plan
Pennsylvania Gov. Tom Wolf recently addressed thousands of township officials in an attempt to rally local support for his $4.5 billion infrastructure plan.
FMCSA Grants SmartDrive Five-Year Exemption Regarding ADAS Camera Placement
Federal trucking regulators on April 15 granted SmartDrive System Inc. a five-year exemption to allow an advanced driver assistance system (ADAS) camera to be mounted lower on truck windshields than currently is permitted.
March Trailer Orders Fall
U.S. trailer orders in March slipped to the lowest level in nearly two years, landing in the 15,000-units range, ACT Research reported.
Americold Agrees to Acquire Cloverleaf Cold Storage
Americold Logistics has agreed to buy Cloverleaf Cold Storage for $1.24 billion, a move that ramps up a trend toward consolidation in the refrigerated warehousing sector.
Cargo Transporters Promotes Dennis Dellinger to CEO
Cargo Transporters Inc. announced the promotion of Dennis Dellinger to CEO, along with several other management changes at the Claremont, N.C.-based dry van truckload carrier.
UPS CEO David Abney Earns Horatio Alger Award
For more than 70 years, the Horatio Alger award has been bestowed upon individuals who have overcome adversity to achieve success and remained committed to both higher education and helping others. So UPS CEO David Abney is in good company. But his 3-year-old grandson's reaction to the news has kept him humble.
Ridgemont Equity Partners Buys Munch’s Supply
Ridgemont Equity Partners acquired Munch’s Supply, a wholesale distributor of heating, ventilation and air conditioning equipment and supplies based in New Lenox, Ill., from Rotunda Capital Partners.
April 16, 2019Corcentric Completes Two Acquisitions to Expand Payment Services
Corcentric, a company that provides systems to manage payments for transportation and other businesses, has purchased substantially all of the assets of Determine Inc., a cloud-based payment software provider, for $32 million in cash.
April 16, 2019ValueAct Bets on Success of Hydrogen Fuel With Nikola Motor
ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.