Business

About Business News...

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.

Government, Business, Logistics

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.

John Lovett | Times Record (Fort Smith, Ark.)
September 4, 2018
Business, Technology, Equipment

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, 2018
Business, Technology

Amazon 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, 2018
Government, Business

Construction 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.

Josh Boak | The Associated Press
September 4, 2018
Business, Fuel

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.

Roger Gilroy | Senior Reporter
September 4, 2018
Business, Logistics, Top 50, TCA

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.

Joshua Silavent | The (Gainesville, Ga.) Times
September 4, 2018
Business, Technology, Fuel, Autonomous

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.

Anthony Palazzo | Bloomberg News
September 4, 2018
Government, Business, Fuel

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.

September 4, 2018
Business, Logistics

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.

Dameon Pesanti | The Columbian (Vancouver, Wash.)
August 31, 2018
Government, Business

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