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.
FMCSA Plans to Expand Off-Site Carrier Audits to All 50 States Over Next Year
The Federal Motor Carrier Safety Administration over the next year plans to expand implementation of its “off-site safety audit” review process from 10 test states to all 50 states, officials said.
Diesel Continues to Slide, Drops 1.7 Cents to $3.338 a Gallon
The U.S. average retail price of diesel dropped 1.7 cents to $3.338 a gallon as prices for West Texas Intermediate crude oil continued to sink despite concerns that global supplies could fall amid U.S.-imposed sanctions on Iran. It was the third consecutive weekly decline in the price of diesel.
Magnate Worldwide Acquires Domek Logistics
Shipping and logistics company Magnate Worldwide has announced the acquisition of Domek Logistics. Domek will integrate as an additional branch of Masterpiece International, MWW’s international freight forwarding and customs brokerage subsidiary, according to a Nov. 2 press release.
November 5, 2018TP&L Starts $4.1 Million Rail Project
Transportation Partners and Logistics has begun a $4.1 million rail construction project in Pensacola, Fla., according to an October press release.
November 5, 2018Werner Enterprises Opens Shop in Arkansas
Truckload carrier Werner Enterprises has opened a shop in West Memphis, Ark., to replace its drop yard in Marion, Ark.
November 5, 2018Seacoast Capital Invests $10 million in Deliver-It
Capital investor Seacoast Capital has announced a $10 million investment in last-mile logistics company Deliver-It.
November 5, 2018Hepaco Acquires Trans Environmental
Hepaco, a provider of environmental and emergency response services, has acquired Trans Environmental, according to an Oct. 22 press release.
November 5, 2018Pilot Flying J in Expansion, Charitable Modes as It Turns 60
Executives with Pilot Flying J, the largest operator of travel centers in North America, said the company is expanding related services such as urgent care centers and oil field trucking as it celebrates its 60th anniversary this year. At the same time, the company is donating a total of $2 million to more than 20 organizations supporting military families and other community groups.
Lowe’s Closes 51 Stores, Abandoning Smaller-Store Strategy
Home-improvement retailer Lowe’s announced the closing of 51 underperforming stores Nov. 5, including two New York locations that the company hailed just three years ago as the way to win over city-dwellers.
Boyd Bros. Opens Driving Academy
Flatbed truckload carrier Boyd Bros. Transportation, headquartered in Clayton, Ala., opened a truck driving school Oct. 22. In a Nov. 1 press release, the company said Boyd Driving Academy would help students become safe and confident drivers upon graduation.
November 5, 2018