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, TCA

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.

Ralph Vartabedian | Los Angeles Times
August 6, 2018
Business, Equipment

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, 2018
Business

TravelCenters of America Posts 2Q Net Loss, Higher Revenue

TravelCenters of America reported a net loss as revenue increased in the second quarter.

August 6, 2018
Business, Logistics

Audax 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.

Daniel P. Bearth | Staff Writer
August 6, 2018
Government, Business

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.

Christopher Rugaber | Associated Press
August 6, 2018
Business, Technology

Continental Automotive Systems Lowers Prices on ELDs

Continental Automotive Systems is cutting the prices of its electronic logging devices.

August 6, 2018
Government, Business, Safety, Fuel

Oil 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.

August 6, 2018
Business, Technology, Equipment, Logistics

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, 2018
Business, Safety

California 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.

Eugene Mulero | Senior Reporter
August 3, 2018
Government, Business, Logistics

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.

Eric Miller | Senior Reporter
August 3, 2018