Business

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 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.

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.

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.

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.

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.

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 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.

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.