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.
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, 2018Louisiana 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.
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.
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.
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.
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.
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.
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.
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.
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.