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.
Despite NAFTA Worries, Truck Traffic Into US From Mexico on Texas Bridge Hasn’t Slowed
PHARR, Texas — Despite the South Texas trade community’s concern a year ago about the future of free trade with Mexico, 643,313 trucks crossed northbound over the Pharr-Reynosa International Bridge over the last 12 months, an increase of nearly 37,000 from the previous year.
Trucking to Turn More to Alternative Fuels, Experts Say
INDIANAPOLIS — Sales of Class 8 natural gas fueled trucks are rising, grants and incentives for using alternative fuels are expanding and more related regulations are coming as major shippers pursue environmental sustainability, experts said at an industry forum here.
Beauty Retailer Feelunique, Seko Logistics Partner on Hong Kong Hub
Feelunique, a European online beauty retailer, has partnered with Seko Logistics to open a distribution hub in Hong Kong.
October 18, 2018Firmament Provides Debt Financing for NextGen’s Acquisition of Condata
The Firmament Group, a provider of debt and equity capital solutions to small- and medium-size enterprises, announced that it would back NextGen Growth Partners’ acquisition of Condata Global Inc. with debt financing.
October 18, 2018Delmar International Acquires CV Logistics
Delmar International, a Lachine, Quebec, company whose offerings include freight forwarding and warehousing and distribution, has announced the acquisition of CV Logistics, also in Quebec.
October 18, 2018Infrastructure, Climate to Be Priorities for Democrats in Congress in 2019
The White House next year intends to promote a robust infrastructure agenda and will expect Congress to produce legislation that would ensure long-term funding for roads and bridges, senior Republican policymakers in the U.S. House told Transport Topics in recent interviews.
Congestion Creates $74.5 Billion Burden for Trucking, ATRI Analysis Shows
Traffic congestion on the nation’s highways added $74.5 billion in operational costs to the trucking industry in 2016, according to the American Transportation Research Institute’s recent analysis.
Nation’s Ports Booming in Anticipation of Holiday Shopping Season
Many of the nation’s ports continue to see growth in import and export activity, as retailers gear up for what is expected to be a strong fourth quarter and holiday shopping season.
Walmart Unveils High-Tech Grocery Warehouse
Walmart Inc. is building a high-speed grocery warehouse to solidify its position as the nation’s biggest grocer.
States Will Lead in Infrastructure Funding Innovations, IBTTA Panelists Say
BALTIMORE — Infrastructure funding programs across several states eventually will serve as models for federal transportation agencies, experts at a conference hosted by a tolling advocacy group indicated Oct. 15.