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 Moves Aggressively Into Final-Mile Sector With Purchase
In an effort to strengthen its position in the growing final-mile trucking sector, J.B. Hunt on Jan. 8 announced it is purchasing Cory 1st Choice Home Delivery for $100 million.
CIT Northbridge Arranges $53.8 Million in Credit for Circle 8 Crane Services
CIT Group Inc., the financial holding company of CIT Bank, has announced that its financing unit served as the sole lead arranger on a $53.8 million senior secured credit facility for Circle 8 Crane Services, a full-service crane rental company serving the Southwest.
January 9, 2019US-China Trade Talks End on Note of Cautious Optimism
The Trump administration wrapped up the latest round of trade talks in Beijing, noting a commitment by China to buy more U.S. agricultural goods, energy and manufactured items.
Teamsters Exchange Contract Proposals with YRC, Holland and New Penn
After working for eight years under a series of contract extensions, less-than-truckload carrier YRC Freight and its two regional operations have opened contract negotiations with the International Brotherhood of Teamsters.
Crowley Launches Second LNG Cargo Vessel
Taino’s arrival gives Jacksonville a fourth cargo ship powered by natural gas for Puerto Rico shipments, putting the port at the vanguard in using a fuel source that only recently became tried and tested in cargo ships. Jacksonville-based Crowley Maritime owns two of the ships.
TransForce Acquires Drive360 Logistics
TransForce Inc., a Virginia-based recruiting and employment solutions provider specializing in quality commercial truck drivers, has acquired Drive360 Logistics.
January 9, 2019EU Eyes Trade Deal With US, Targets Cutting Tariffs on Industrial Goods
The European Union’s executive arm is preparing to ask the bloc’s governments for the green light to start negotiations with the United States on a free-trade deal, highlighting hopes of keeping at bay the threat of American tariffs on foreign cars.
New AASHTO Director Jim Tymon Outlines Goals for 2019
Advocating for a sustainable solution for the federal Highway Trust Fund will be a top priority for the American Association of State Highway and Transportation Officials’ new leader.
TransCanada to Be Rebranded TE Energy in Second Quarter
TransCanada Corp. is taking the Canada out of its name. The Calgary, Alberta, firm that was created in 1951 as TransCanada Pipelines Ltd. to bring natural gas to eastern Canada from Alberta, will change its name to TC Energy in the second quarter.
AAA Acquires Nation’s Largest Autonomous Vehicle Test Site
The largest autonomous vehicle test site in the United States has been acquired by AAA of Northern California, Nevada and Utah, one of the most familiar car-club brands in the country.