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.
Federal Signal Corp. Completes Acquisition of Truck Bodies and Equipment International
Diversified manufacturer Federal Signal Corp. announced that it has completed the acquisition of Truck Bodies and Equipment International, a leading U.S. manufacturer of dump truck bodies and trailers for Classes 3-8 vehicles.
June 5, 2017Solid Pace of Expansion in US Services Shows Firmer Economy
Industries making up the bulk of the U.S. economy continued to expand at a solid pace in May, adding to signs of steady growth this quarter, a survey from the Institute for Supply Management showed June 5.
Dickinson Fleet Services Completes Acquisition of Reliable Mobile Service
Dickinson Fleet Services, along with majority shareholder Ridgemont Equity Partners, completed the acquisition of Reliable Mobile Service.
June 5, 2017Matheson Hires Mark Evans as CFO
Matheson Inc., a privately held company that specializes in small parcel delivery, has hired Mark Evans as chief financial officer.
June 5, 2017Senators to Question Chao on Infrastructure, Budget
Secretary of Transportation Elaine Chao is headed to Capitol Hill to field questions from senators critical of the Trump administration’s 10-year infrastructure plan and proposal to reduce funding for transportation programs.
Opinion: Elevate Drivers From Second-Class Citizens
For the past nine years, we’ve been running the annual Best Fleets to Drive For program in partnership with Truckload Carriers Association. Every year, we learn what fleets are doing for their drivers. We interview fleet management and survey drivers. We learn what works and what doesn’t. And we see trends.
Editorial: Growing Pains From Progress
With East Coast ports beginning to welcome the largest containerships capable of passing through the recently expanded Panama Canal, trucking will soon feel the effects of this new era in shipping.
June 5, 2017Freight, Construction Groups Push Back on Trump’s Efforts to Defund TIGER Grants
Groups representing the highway freight and construction sectors are pressuring members of Congress to continue to fund Obama-era infrastructure grants the Trump administration is proposing to eliminate.
Growth of Regional Hauling to Lift VNR Sales, Volvo Says
WINSTON-SALEM, N.C. — Volvo Trucks North America expects market shifts that range from the expanded Panama Canal to the strongest construction market in a decade to lift demand for its new VNR regional- haul model, company representatives said.
Chassis Providers Tout Equipment Upgrades, but Truckers Offer Mixed Reviews on Progress
Chassis providers have invested millions into renovating their equipment and buying new units to provide draymen a better experience, but while some trucking executives praise the work, others still haven’t seen the payoff.