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, Fuel, TCA

Mammoth Energy Services Expands Operations

One of Oklahoma’s fastest-growing companies, Mammoth Energy Services, continued to expand in the second quarter, buying up two more companies and securing new contracts throughout the country.

Adam Wilmoth | The Oklahoman
August 9, 2018
Business

Titanium Transportation Reports Higher Profit, Revenue in Second Quarter

Titanium Transportation Group more than doubled its profit in the second quarter of 2018 compared with the first quarter as the company reaped the benefits of a strong freight market.

Daniel P. Bearth | Staff Writer
August 9, 2018
Business, Logistics

Rock-It Cargo Sells Majority Stake to ATL Partners

Private equity firm ATL Partners has purchased a majority stake in specialty freight and logistics company Rock-It Cargo, as well as its subsidiary Rich Forwarding Limited.

Joe Antoshak | Staff Writer
August 8, 2018
Business, Equipment

Cummins Takes Over Lead in Heavier Class 8 Engines

Independent engine maker Cummins Inc. supplied the most diesel engines used in Class 8 trucks in North America in the first half of 2018, as it did a year earlier, although its overall market share dipped, WardsAuto.com reported.

Roger Gilroy | Senior Reporter
August 8, 2018
Business, Fuel, Logistics

Pilot Flying J Expands Into Oil Exploration and Production Business

Pilot Flying J is expanding its business portfolio with a move into the water, sand and crude oil-hauling business.

Dan Ronan | Senior Reporter
August 8, 2018
Government, Business, Technology, Safety

Environmental Services Companies File Joint HOS Exemption Request

Four environmental services companies have submitted a joint application for exemption from hours-of-service regulations to the Federal Motor Carrier Safety Administration.

Eleanor Lamb | Staff Reporter
August 8, 2018
Business, Logistics, Top 100, Top 50

XPO Opens Final-Mile Distribution Hub in Toronto

XPO Logistics has expanded its home-delivery business in Canada with the opening of a 50,000-square-foot distribution hub in Toronto.

August 8, 2018
Government, Business

Senate’s Summer Agenda Includes FAA Bill, Republican Leaders Say

An aviation policy bill that includes a meal-and-rest-break provision pertaining to truckers is among the measures awaiting debate when the U.S. Senate returns from a shortened summer break on Aug. 15, according to the chamber’s Republican leadership.

Eugene Mulero | Senior Reporter
August 8, 2018
Government, Business

China Says It Will Match 25% Tariff on $16 Billion of US Goods Aug. 23

China confirmed that it will impose 25% additional tariffs on $16 billion worth of imports from the United States from Aug. 23, matching an earlier move from Washington in another ratchet higher for the trade war between the nations.

August 8, 2018
Government, Business, Technology, Autonomous

Uber Doubles Down on Freight Business

Although Uber Technologies Inc. recently halted its self-driving truck program, the ride-hailing pioneer is doubling down on its Uber Freight load-matching business and announced that Otto co-founder and former Uber executive Lior Ron will rejoin the company to run that unit.

Seth Clevenger | Managing Editor, Features and Multimedia
August 8, 2018