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.
Belgium's Bpost Wraps Purchase of E-Commerce Fulfillment Provider Radial
Belgian postal operator Bpost has completed its $820 million acquisition of Radial Inc., a leading provider of e-commerce fulfillment services in North America.
November 17, 2017Stott’s Market Express Buys Westco Express
Entrepreneur Peter Stott’s trucking firm Market Express purchased Westco Express in a deal combining two regional carriers.
November 17, 2017TransRisk Gets $3.4 Million in Funding Through Investment Firm Fontinalis
TransRisk, the budding futures market for the trucking freight and logistics industry, received $3.4 million in seed financing in a funding round led by venture investment firm Fontinalis Partners.
Oregon Receives $2.6 Million Grant to Rebuild Infrastructure, DeFazio Says
To help Oregon fix freight corridors and surface infrastructure damaged by natural disasters, the U.S. Department of Transportation awarded the state $2.6 million, Rep. Peter DeFazio (D-Ore.) said this week.
Nevada DOT Awards $65 Million Contract to Expand Las Vegas-Area Highway
The Nevada Department of Transportation awarded a $65 million contract on Nov. 13 to widen and modernize a six-mile stretch of U.S. Highway 95 that runs through northwest Las Vegas.
Wal-Mart Joins Retailers Planning to Try Out Tesla Truck
Customers are starting to place orders for Tesla Inc.’s new all-electric Semi truck, with retail giant Wal-Mart Stores Inc. preordering for both its U.S. and Canadian units.
Georgia Technical School Adds Seats To Truck Driving Class
Albany Technical College, based in Albany, Ga., is increasing enrollment opportunities for students studying to be truck drivers.
Trailer Orders Jump in October as Order Season Begins
Preliminary net trailer orders jumped 50% in October, ACT Research Co. reported.
November 17, 2017Day & Ross Establishes U.S. Operations With Purchase of Michigan Trucking Firm
Canada’s Day & Ross Transportation Group is making its first big foray into the United States with the purchase of REI Logistics and Korten Quality Systems in Romeo, Mich., from founder and CEO Chester Zochowski.
November 17, 2017Freightliner Cascadia Adds Two New Models
Freightliner Trucks added several configurations to its Cascadia truck, introducing a 60-inch raised roof sleeper model in both 116- and 126-inch BBC platforms.
November 17, 2017