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.

Business, Fuel, TCA

Former Pilot Flying J Sales Executive: ‘I Cheated Customers and I Did It Well’

CHATTANOOGA, Tenn. — Brian Mosher considered himself a master at the game of defrauding trucking company customers, and he told jurors Nov. 27 he presented details of it to his bosses, including former Pilot Flying J President Mark Hazelwood and current CEO Jimmy Haslam.

Jamie Satterfield | Knoxville (Tenn.) News-Sentinel
November 28, 2017
Business

FleetPride Adds Location In Colorado

Heavy-duty aftermarket distributor FleetPride Inc. added a location in Montrose, Colo., and the location’s grand opening in November attracted 80 customers from the local market and more than a dozen FleetPride vendors.

November 27, 2017
Business, Logistics

MNX Expands in Life Sciences With Logical Freight Buy

MNX Global Logistics has acquired Melbourne, Australia-based Logical Freight Solutions to expand its reach in the Asia-Pacific region

November 27, 2017
Government, Business

Capitol Agenda for the Week of Nov. 27: Congress’ End-of-the-Year Tasks

With December fast approaching, congressional leaders are rushing to finalize an ambitious to-do list that includes tax reform, funding for the federal government, immigration policy and disaster relief for regions struck by hurricanes. Here's the week ahead for trucking on Capitol Hill.

Eugene Mulero | Senior Reporter
November 27, 2017
Business, Logistics

VersaCold Opens Phase 1 of New Distribution Center

VersaCold Logistics Services opened Phase 1 of its distribution center in Milton, Ontario, which is its largest capital investment ever.

November 27, 2017
Business, Logistics

Becker Logistics Buys Savage Logistics

Third-party logistics firm Becker Logistics purchased Savage Logistics, the freight brokerage division of Savage Cos., with the goal of expanding Becker’s geographic reach, building its core product services, and growing annual revenue.

November 27, 2017
Business, Technology, Equipment, Fuel

Nikola Hydrogen Fueling Infrastructure to Be Linked to Major Shipper’s Network

Nikola Motor Co. plans to locate its emerging network of hydrogen fueling stations to accommodate the logistics network of a major manufacturer, according to the truck maker, which did not identify the manufacturer.

Roger Gilroy | Senior Reporter
November 27, 2017
Business

Florida Closes Key Power Driving & Traffic School

Florida in November closed the third-party commercial drivers license testing company Key Power Driving & Traffic School, reporting that its “practices posed an immediate serious danger to the public health, safety and welfare.”

November 27, 2017
Business, Technology, Equipment, Fuel

Clean Energy to Fuel Ryder Fleet at Toyota Plant

Ryder System Inc. awarded a four-year fueling contract to Clean Energy Fuels Corp. to supply Ryder’s fleet of liquefied natural gas heavy-duty trucks serving Toyota Motor Manufacturing’s plant in Georgetown, Ky., Toyota’s largest production facility in North America.

November 27, 2017
Business, Technology, Autonomous

Federal-Mogul Acquires Controlled Power Technologies

Federal-Mogul Powertrain completed the acquisition of U.K.-based Controlled Power Technologies Ltd., which has expertise in the development and manufacture of powertrain technologies for electrification and hybridization.

November 27, 2017