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.
IMC Cos. Adds H&M to National Drayage Network
IMC Cos. expanded its intermodal drayage operations with the purchase of H&M Terminal Transport from H&M International Transportation in Iselin, N.J.
Midwestern States Unite to Mitigate Truck Parking Problems
A group of eight Midwestern states is working to inform truckers of parking availability along major routes.
Private Equity Group Acquires Redwood Logistics, Will Merge With Simplified Logistics
Private equity group CI Capital Partners acquired a majority interest in Redwood Logistics, one of the top freight brokers in the United States.
Manufacturing in the US Just Accelerated to Its Best Year Since 2004
U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Jan. 3.
Nissan’s Car of the Future Will Read Your Brain Waves
The world’s biggest carmakers and technology companies are spending billions of dollars to perfect your ability to drive without thinking. Nissan Motor Co. is taking a different direction — trying to “decode” your thinking so hands-on driving is more fun.
Glass Hauler Belmont Joins Smokey Point Distributing
Specialized glass hauler Belmont Enterprises has joined Smokey Point Distributing, a flatbed and heavy specialized carrier that is part of the Daseke Inc. group of companies.
Workhorse Spins Off Helicopter Unit, Keeps Delivery Drone
Electric vehicle manufacturer Workhorse Group plans to gain about $5 million as it spins off its SureFly personal helicopter subsidiary into a separate publicly traded company and puts greater focus on its automotive and drone business.
January 3, 2018Oil Rises to Two-Year High on US Stockpiles, Iran Unrest
Oil climbed to the highest level in more than two years on estimates that U.S. crude stockpiles fell for a seventh week, while unrest continued in OPEC’s third-biggest producer.
FMCSA Plan to Eliminate Exemptions for Diabetic Drivers in Limbo
Greg Crawford, an insulin-dependent commercial motor vehicle driver from Oak Park, Mich., says he had to wait months for a medical expert’s verification that his condition was stable before federal regulators cleared him to get back behind the wheel.
Chinese Firm Buys Trucker Path
Chinese social networking and internet finance firm Renren Inc. said it has agreed to buy 100% of Trucker Path, a website popular with truck drivers in the United States, as part of a strategy to invest in emerging technologies in the transportation industry.
January 2, 2018