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.
Amazon to Deploy Hydrogen-Powered Forklifts
Internet retailer Amazon.com has committed to depoloy forklifts powered by hydrogen fuel cells from Plug Power Inc. at some of its fulfillment centers and will work with the Latham, N.Y.-based company to develop new applications for hydrogen fuel systems.
April 24, 2017Tiger Cool Express Receives Funding, Hires President
Tiger Cool Express, a provider of refrigerated intermodal service launched in 2013, has received “significant” additional equity funding from the company’s private equity backers, according to CEO Tom Finkbiner, who also said that he plans to step down later this year after a successor is found.
April 24, 2017US Chamber of Commerce Chief Expects Basic NAFTA Deal by Mid-2018
MEXICO CITY — The United States, Mexico and Canada are likely to reach a basic accord over reworking the North American Free Trade Agreement, or NAFTA, by the middle of next year, the head of the biggest U.S. business lobby group said April 23.
OL International Acquires Project Cargo Specialist Orion Marine
Ocean freight forwarder and logistics firm OL International Holdings has purchased Orion Marine Corp., a 45-year-old company that specializes in moving project cargo, oversize loads and hazardous freight to remote locations worldwide.
April 24, 2017U.S. Concrete Buys Sand Supplier in New Jersey
U.S. Concrete has acquired assets of Corbett Aggregates Cos. in Quinton, N.J., in a move to control the supply of sand for its ready-mixed concrete operations in New York City and to supply other customers.
April 24, 2017Editorial: Saving the Planet? It’s on Us
While President Donald Trump is calling for reversals of some environmental regulations, it’s important to note what isn’t changing. And that is the commitment that freight carriers, truck makers and even some shippers, such as Wal-Mart Stores Inc., are making to reduce harmful greenhouse gas emissions.
April 24, 2017Opinion: Solutions to Help Eliminate Late Payments
There is nothing fun about not getting paid for the loads you have hauled. But unfortunately, every small trucking company and owner-operator will encounter clients who sometimes take 45 to 60 days — or longer — to pay.
April 24, 2017March Tonnage Up 0.7%
American Trucking Associations’ tonnage index rose 0.7% last month compared with March 2016, one of several figures pointing to a better market than a year ago but not as good as this February.
ATRI Finds Inconsistencies With Driver Medical Exams
The quality of mandatory truck and bus driver physical exams administered by certified Federal Motor Carrier Safety Administration medical examiners is inconsistent, according to new analysis by the American Transportation Research Institute.
Truckload Profits Lackluster as Quarterly Reports Begin
Marten Transport Ltd. posted a slight increase in quarterly profits, among the few major truckload carriers recently reporting results to record a gain as the earnings season gets underway.