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.
Mullen Completes RDK Transportation Purchase
Mullen Group completed the purchase of RDK Transportation Co., an open deck and specialized bulk truckload carrier based in Saskatoon, Saskatchewan, the company announced Sept. 5.
September 19, 2017Housing Starts Steady, Permits Rise Ahead of Hurricanes
Steady U.S. new-home construction in August together with a jump in permits indicate the housing market was moving ahead before a likely temporary hit from Hurricanes Harvey and Irma, government figures showed Sept. 19.
September 19, 2017ELD Education Must Apply to All Employees, Industry Reps Say
ATLANTA — Preparation for the electronic logging device mandate requires educating people at all levels of a trucking company, according to industry leaders who have adopted the systems over the past few years.
Love’s Reaches Agreement to Buy Speedco
Love’s Travel Stops & Country Stores reached an agreement to purchase Speedco, a national network of service locations that provides quick lube and inspection services to the trucking industry and is a unit of Bridgestone Americas Inc.
September 18, 2017Diesel Dips 1.6 Cents
The U.S. average retail price of diesel fell 1.6 cents to $2.786 a gallon as efforts to resupply fuel networks in areas struck by recent hurricanes continued, experts said.
Breakthru Beverage Group to Merge N.J. Business With Allied
Breakthru Beverage Group, a major distributor of wine and spirits with operations in 15 states, is merging its business in New Jersey with Allied Beverage Group, the state’s largest distributor of alcoholic beverages, company officials said.
September 18, 2017Illinois County Freight Plan Balances Growth, Livability, Officials Say
By its very title, the Will County, Ill., Community Friendly Freight Mobility Plan sounds like an “oxymoron,” but the 238-page document does attempt to balance the needs of economic development with residents’ quality of life, officials said.
September 18, 2017Emphasizing Importance of Trucking Could Draw More Women to Industry
ATLANTA — Trucking companies can do their part to redress the shortage of female workers by emphasizing the importance of the industry as a whole, according to Ellen Voie, president of the Women In Trucking Association.
Celadon Sells Assets of Flatbed Division to PS Logistics
Celadon Group is getting out of the flatbed business, striking a deal to sell all of the assets of its flatbed division to PS Logistics in Birmingham, Ala., company officials announced Sept. 18.
September 18, 2017FleetPride Acquires Assets of Colton Truck Supply
FleetPride Inc. has acquired the assets of Colton Truck Supply in Montrose, Colo., from owners Brian and Carol Heller.
September 18, 2017