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.
Union Pacific ‘Right of Way’ Sticking Point in California Rail Project
The most ambitious rail project of California’s future is increasingly dependent on the cooperation of the very railroad that shaped the state’s past — and there are signs their relationship is growing strained.
Utility Trailer Dealer Opens Iowa Facility
Utility Trailer Manufacturing Co. announced that Mid-States Utility Trailer Sales has opened a new facility in Sioux City, Iowa, 8 miles south of its existing location.
August 6, 2018TravelCenters of America Posts 2Q Net Loss, Higher Revenue
TravelCenters of America reported a net loss as revenue increased in the second quarter.
August 6, 2018Audax Private Equity Acquires MNX Global Logistics
MNX Global Logistics, a company that arranges for expedited delivery of pharmaceuticals and other high-value goods, has a new owner. Boston-based Audax Private Equity announced July 10 the acquisition of MNX from The Riverside Co.
US Employers Add 157,000 Jobs in July
WASHINGTON — U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace in the first half of this year.
Continental Automotive Systems Lowers Prices on ELDs
Continental Automotive Systems is cutting the prices of its electronic logging devices.
August 6, 2018Oil Industry Starts Eradicating Ship Fuel Supply Ahead of IMO Mandate
Shippers beware: Oil refineries are starting to eradicate stockpiles of sulfur-rich fuel that powers the merchant fleet in anticipation of a demand collapse in fewer than 18 months.
Penske Truck Leasing Announces Hawaii Expansion
A second Penske Truck Leasing facility has opened in Hawaii, located on the west side of the island of Oahu in Kapolei, the company announced Aug. 1.
August 6, 2018California Grand Champion Hobie Eirich Conquers the 4-Axle
If you do what you love for a living, you’ll never work a day in your life. Or so the adage goes. For Hobie Eirich of FedEx Freight, driving a 4-axle is a passion that has manifested into the highest honor in his home state of California.
New Jersey Beverage Distributor Seeks 14-Hour Workday for Its Drivers
Allied Beverage Group, a large New Jersey beverage distributor, has requested that the company’s shorthaul drivers utilizing the record of duty status exception be allowed to return to their work-reporting location within 14 hours instead of the usual 12 hours, the Federal Motor Carrier Safety Administration announced Aug. 3.