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.

Government, Business, Technology, Safety

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.

Eugene Mulero | Senior Reporter
April 17, 2019
Government, Business, Safety

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.

Eleanor Lamb | Staff Reporter
April 16, 2019
Government, Business, Technology, Equipment, Safety, Autonomous

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.

Eric Miller | Senior Reporter
April 16, 2019
Business, Equipment

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.

Roger Gilroy | Senior Reporter
April 16, 2019
Business, Logistics, Top 50

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.

Daniel P. Bearth | Staff Writer
April 16, 2019
Business

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.

Daniel P. Bearth | Staff Writer
April 16, 2019
Business, Top 100, TCA

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.

Gracie Bonds Staples | Atlanta Journal-Constitution
April 16, 2019
Business, Equipment

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, 2019
Business, Technology

Corcentric 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, 2019
Business, Technology

ValueAct 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.

Scott Deveau | Bloomberg News
April 16, 2019