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

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, 2017
Business

Stott’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, 2017
Business

TransRisk 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.

Burney Simpson | Staff Reporter
November 17, 2017
Government, Business

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.

Eugene Mulero | Senior Reporter
November 17, 2017
Government, Business

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.

Eleanor Lamb | Staff Reporter
November 17, 2017
Business, Technology, Equipment, Fuel

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.

November 17, 2017
Business, Safety

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.

Eleanor Lamb | Staff Reporter
November 17, 2017
Business, Equipment

Trailer Orders Jump in October as Order Season Begins

Preliminary net trailer orders jumped 50% in October, ACT Research Co. reported.

November 17, 2017
Business

Day & 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, 2017
Business

Freightliner 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