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.
GM Shows Off Autonomous Cargo Hauling Concept Vehicle
General Motors says it “aims to solve some of the toughest transportation challenges created by natural disasters, complex logistics environments and global conflicts” with its new Silent Utility Rover Universal Superstructure.
Nvidia's Powerful New Computer to Power DHL Autonomous Delivery Vehicles
Nvidia Corp. said Oct. 10 it’s helping Deutsche Post AG and its subsidiary DHL automate their fleet of electric delivery vehicles with a powerful new computer.
Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process
Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding.
Ron Tepper Takes Back Full Ownership of Fastfrate Group
Ron Tepper has completed a buyback of shares in Consolidated Fastfrate Inc. from Fenway Partners, a New York-based investment firm that purchased a 75% stake in the company in 2007.
October 13, 2017DCLI Expands Premium Chassis Fleet to Near Canadian National's Chicago Intermodal Rail Yard
Direct ChassisLink Inc. has introduced its premium pool into the Chicago market, expanding the equipment footprint beyond Southern California.
October 13, 2017Magnum Trucking Breaks Ground on Minnesota Terminal
With mounds of dirt and heavy machinery in the background, civic leaders gathered Oct .12 to welcome regional shipping giant Magnum Trucking to Bemidji, Minn.
Stella Environmental Expands Waste-Hauling Business in Southeast
Houston-based waste hauler Stella Environmental Holdings Inc. has acquired Rackleff Enterprises in Statesboro, Ga., to expand its business in the Southeast, its first move since being acquired in August by investment firm Hidden Harbor Capital Partners.
October 13, 2017E-Commerce Hubs and New Expansion Projects Coming to Savannah Port
Georgia’s ports enjoyed a record-breaking year for cargo in the past fiscal year, and that growth is a driver for private investment expected to bring hundreds of new logistics jobs to the Savannah region.
Red Hook Terminal Orders Trac Intermodal to Remove Chassis
Red Hook Container Terminal in Newark, N.J., is the latest to kick chassis off its property to free up space to store containers due to the growth of larger vessels traveling through the Panama Canal.
October 13, 2017J.B. Hunt Revenues Rise on Higher Freight Volumes
J.B. Hunt Transport Services Inc. profits fell 8.3% in the third quarter, the company announced Oct. 13, coming up short of the Bloomberg News consensus forecast of analysts.