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.
Fort Smith Port Authority Receives Grant
The Fort Smith Port Authority recently received a grant for $110,000 to complete a 30,000-square-foot bulk storage facility.
Manac Completes Acquisition of Trailer Maker Alutrec
Manac Inc., Canada’s largest semi-trailer manufacturer, completed the acquisition of Alutrec Inc., a manufacturer specializing in the design and production of aluminum semi-trailers.
September 4, 2018Amazon Becomes Second US Company to Reach $1 Trillion Market Value
NEW YORK — Amazon has become the second publicly traded company to be worth $1 trillion, hot on the heels of Apple.
September 4, 2018Construction Spending Rose 0.1% in July
WASHINGTON — Spending on U.S. construction projects ticked up 0.1% in July, led by an increase in homebuilding and the publicly funded building of schools and highways.
TravelCenters of America to Sell Minit Mart Business
TravelCenters of America announced a definitive agreement for the sale of its Minit Mart convenience store business to EG Group for $330.8 million as it intends to focus on commercial trucks and other vehicles traveling on interstates, and a new express travel center strategy.
Syfan Partners With Georgia College to Train Future Logistics Pros
Students learning about supply chain management and logistics at the University of North Georgia-Dahlonega campus are getting some insider training thanks to a new partnership with Syfan Logistics of Gainesville.
Tesla’s Cobalt-Light Batteries Seen Providing Cost Advantage
Tesla Inc.’s lead in battery technology gives it a cost advantage that may last for several years and help the U.S. electric-car maker face down an onslaught of new competition, according to new research from Bloomberg.
Oil Climbs Above $71 as Threat of Gordon Mounts in Gulf
Oil gained above $71 a barrel in New York as Tropical Storm Gordon forced evacuations at fields along the U.S. Gulf Coast and threatened supply.
Port of Vancouver Eyes Tariffs Cautiously
The Port of Vancouver has enjoyed several years of record-setting commodity movements with international customers, but new tariffs between the United States and other nations are threatening that local prosperity.
US-Canada Trade Talks to Resume Sept. 5 After No Deal Reached
U.S. negotiations with Canada on a trade deal will resume Sept. 5 after four days of intense negotiations in Washington ended without an agreement.
August 31, 2018