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.
Knight-Swift Profits Fall Sharply on Merger-Related Costs
The first quarterly report from Knight-Swift Transportation Holdings reported $3.9 million in earnings or 4 cents per share, including Swift’s contribution from after Sept. 8, 2017, although the results included a series of large multi-million dollar charges related to the merger.
Port of Oakland, City Working With Residents to Adopt New Truck Policies
The Port of Oakland will embark on developing a truck management plan over the next 12 months to address complaints from citizens about big rigs on the streets of West Oakland.
TruNorth Introduces App for Breakdown Claims Processing
Warranty programs provider TruNorth launched an app designed to help truckers get back on the road faster after a breakdown.
November 6, 2017Love’s Acquires Speedco Quick Lube Shops from Bridgestone Americas
Love’s Travel Stops & Country Stores has finalized its acquisition of Speedco, a national network providing quick lube and inspection services to the trucking industry, from Bridgestone Americas.
November 6, 2017UPS to Open Distribution Center in Colorado by Christmas
UPS Inc. signed a 10-year lease to open its first distribution center in Aurora, Colo., a 360,000-square-foot building due to open before Christmas.
November 6, 2017Stemco Acquires Commercial Vehicle Components Co.
Stemco announced the purchase of Commercial Vehicle Components Co., a manufacturer of air disc brake and medium-duty hydraulic disc brake pads.
November 6, 2017NYK Group Bids to Purchase 100% of Yusen Logistics
NYK Group will purchase the remaining shares of its freight forwarding subsidiary Yusen Logistics in a transaction that is expected to close in the first quarter of 2018.
How Many Warehouse Robots Does It Take to Fill a Grocery Order?
The U.K.’s biggest online grocer hit a milestone this year: Ocado Group put together an order of 50 items, including produce, meat and dairy, in five minutes.
Kenworth Sales Co. Remodels, Expands Idaho Dealership
Kenworth Sales Co. recently unveiled the $4.95 million remodeling and expansion of its Lewiston, Idaho, dealership.
November 6, 2017M&K Truck Centers Acquires Volvo Dealership in Pennsylvania
M&K Truck Centers announced the successful acquisition of Wilkes-Barre Truck Center as the first M&K dealership in Pennsylvania.
November 6, 2017