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.

Business

Construction Supply Group Acquires Three Companies

Construction Supply Group, a distributor of specialty construction materials, accessories and tools, has acquired All-Tex Supply, Masonpro Inc. and Titan Construction Supply. The additions will help to expand the company’s presence in the Texas, Oklahoma, Michigan and Nevada markets.

December 10, 2018
Government, Business, Fuel

Louisiana Offshore Port Ships Most Oil Ever on Supertankers

The Louisiana Offshore Oil Port is pushing out the most crude it’s shipped in any one month since the terminal began supertanker exports in February.

Sheela Tobben | Bloomberg News
December 10, 2018
Government, Business

Consumer Sentiment Tops Estimates While Outlook Slips

U.S. consumer sentiment exceeded analyst estimates as low unemployment and growing incomes kept Americans in an upbeat mood, though the outlook soured amid concern that the labor market will soften.

Shobhana Chandra | Bloomberg News
December 10, 2018
Business, Technology, TCA

Elon Musk Says Tesla Might Be Interested in Buying GM Plants

Elon Musk is sizing up General Motors' recently idled plants. The tech billionaire said in an interview with CBS’ “60 Minutes” that it’s “possible that [Tesla] would be open” to taking over automakers’ old plants, including factories GM recently has slated for closure.

Alicia Secord | Detroit Free Press
December 10, 2018
Government, Business

Trump Signs Short-Term Funding Bill Averting Partial Shutdown

A funding extension to keep several federal agencies operating through Dec. 21 was signed into law by President Donald Trump, the White House announced Dec. 7.

Eugene Mulero | Senior Reporter
December 7, 2018
Government, Business

Port of Baltimore Awarded $6.6 Million to Upgrade Berth Accommodations

The federal government will contribute $6.6 million to deepen a second container berth at the Port of Baltimore’s Seagirt Marine Terminal, according to the Maryland Port Administration.

Jim Stinson | Staff Reporter
December 7, 2018
Government, Business, Technology

Managing Online Reviews: New Tools Help Fleets Safeguard Reputations

Truckers concerned about the havoc online reviews can wreak on their fortunes can take heart: The latest crop of online review software enables you to establish a powerful command center to monitor and influence your company’s reputation.

Joe Dysart | Webology 101
December 7, 2018
Business, Technology, Equipment

Sunsetting of Older Wireless Networks Will Force Fleets to Replace Hardware

Wireless service is changing, and so the trucking technologies that rely on it must change, too, vendors of communications and tracking systems said.

Stephen Bennett | Special to Transport Topics
December 7, 2018
Business, Technology, Equipment, Safety

Awake and Aware

Distracted and drowsy driving creates risk for drivers as well as fleets, but various forms of technology can alert drivers to these hazards and enable fleets to tailor training to prevent future events.

Mindy Long | Special to Transport Topics
December 7, 2018
Business, Technology, Safety

Cybercrime: Yes, It Can Happen to Your Fleet

Cyberattacks have become one of the top risks facing U.S. businesses, and trucking and logistics companies are no exception. Despite the increasing sophistication of these attacks, it’s still tempting to dismiss the threat — to think it’ll never happen to you. But the danger is very real and must be taken seriously by transportation firms of all sizes.

Seth Clevenger | Managing Editor, Features and Multimedia
December 7, 2018