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.
Trac Intermodal Upgrades Website to Improve Experience for Truckers
Trac Intermodal has updated its web portal to rent chassis online, the company announced July 17.
July 18, 2017Houston Warehouse Market Heats Up as Big-Box Distributors Vie for Space
Nearly a dozen big-box distributors are shopping the Houston area for warehouse space larger than 500,000 square feet, NAI Partners said July 17 in its most recent industrial real estate market report.
Trump’s NAFTA Demands: 'Fairer' Deal, Address 'Imbalances'
President Trump laid out his demands July 17 for a new North American Free Trade Agreement, setting the stage for rounds of negotiations among U.S., Canadian and Mexican officials to overhaul the landmark treaty that dictates the nations’ cross-border commerce.
Truck Turn Times Up One Minute in June as Cargo Volumes Grow Again at L.A., Long Beach Ports
The average time it took a trucker to enter and exit the ports in Los Angeles and Long Beach, Calif., inched up one minute in June from the same month in 2016, although data from the Harbor Trucking Association revealed encouraging signs that drivers are moving quicker than a year ago.
Averitt Plans Jacksonville Warehouse Complex
Averitt Express Inc. has filed plans to build a 60,400-square-foot warehouse and 9,200-square-foot package distribution center in West Jacksonville, Fla.
July 17, 2017Jardine Transport Acquires R.E.M. Transport
Jardine Transport has announced the acquisition of all outstanding shares of R.E.M. Transport, a global longhaul trucking outfit based in St. Stephen, New Brunswick.
July 17, 2017Construction Begins on Charleston Logistics Center
Ridge Development has started building the 63-acre Charleston Logistics Center at Interstate 26 and Jedburg Road in Jedburg, S.C.
July 17, 2017XPO Reports Higher 2Q Revenue, Operating Income; Plans Another Stock Offering
XPO Logistics reported that revenue and operating income will be higher compared to a year ago, in a preview of the formal release of the company’s second-quarter results Aug. 2. Meanwhile, XPO also alerted the U.S. Securities and Exchange Commission that it plans to issue 11 million new shares of stock at a date that it will specify later.
Mining Companies Looking at New Fleets, Could Use Autonomous Trucks to Save Millions
Mining companies in Australia, the world’s biggest exporter of iron ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant, Komatsu Ltd.
July 17, 2017Specialty Program Acquires Insurance Company’s Assets
Specialty Program Group has acquired the assets of transportation insurer Paul Hanson Partners.
July 17, 2017