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.
USPack Completes Integration of Rival Fleetgistics
USPack, a same-day, final-mile delivery company, announced it had completed its brand integration of specialty same-day delivery provider Fleetgistics. The move is the latest in USPack’s efforts to develop its national network, according to a November press release.
November 28, 2018Effective Cab Ergonomics Has Key Role in Driver Productivity, Safety and Health, Industry Experts Say
Manufacturers that supply over-the-road trucks, as well as those who operate them, have something to say about their trucks’ cab design. And ergonomics plays a critical role to help enable drivers to perform efficiently.
Kuehne + Nagel Continues Acquisition Strategy, Buys Quick International Courier
Swiss freight forwarder Kuehne + Nagel International AG has purchased Quick International Courier, a leading provider of time-critical transportation services, from The Jordan Co., an investment firm that has been on a logistics buying spree over the past couple of years.
Freedom Truck Finance Enters Agreement With Deutsche Bank
Freedom Truck Finance, a Dallas-based secondary truck and trailer finance company, has entered into a $200 million senior secured credit facility with Deutsche Bank. The proceeds were used to repay the company’s existing senior revolving credit facility and also will be used to fund new portfolio growth, according to a Nov. 21 press release.
November 28, 2018Palmer Trucks Opens Parts-Only Store in Kentucky
Palmer Trucks, a regional provider of Kenworth products, has opened a parts-only store, TRP of Northern Kentucky, in Erlanger, Ky. The store opened Nov. 19, according to a Nov. 20 press release.
November 28, 2018J.B. Hunt, Project44 Collaborate on J.B. Hunt 360
J.B. Hunt Transport Services will enter a technology collaboration with project44, a visibility platform for shippers and 3PL firms.
November 28, 2018New-Home Sales Fall in October, Missing Projections
Sales of new U.S. homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market.
Economy Grows at Unrevised 3.5% Pace in Third Quarter
The U.S. economy remained on a solid footing in the third quarter, matching previously reported results, as stronger business investment and a bigger boost from inventories cushioned a trade drag that matched the worst since 1984.
Penske Partners with TechForce on Technician Recruitment
Penske Truck Leasing has partnered with TechForce Foundation on the latter’s FutureTech Success campaign, which supports the recruitment of new fleet-maintenance technicians.
November 28, 2018New York City to Roll Out ‘High Vision’ Trucks
New York City’s initiative to reduce traffic deaths may be called Vision Zero, but for municipal truck drivers it will translate into a little more vision — in the form of fewer blind spots.