Business

About Business News...

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.

Business

Manac Takes Minority Stake in ABS Remorques

ABS Remorques Inc., a Canadian manufacturer of live-bottom semi-trailers, announced that Manac Inc., the leading Canadian manufacturer of semi-trailers, has taken a minority stake in the company.

February 17, 2017
Business

Greenkraft to Add Classes 6-7 Alternative Fuel Trucks to Production Mix

Truck maker Greenkraft Inc. announced plans to expand to a bigger factory in 2017 and also introduce a new line of alternative fuel Classes 6-7 cab-forward trucks called the G3 and G4, respectively, it said.

February 17, 2017
Business

Rush Enterprises Adds Truck Center in New Mexico

Rush Enterprises Inc. announced it opened a Rush Truck Center in Farmington, New Mexico.

February 17, 2017
Business, Logistics

CSX Shareholders Seen Likely to Make Harrison a $300 Million Man

CSX Corp. shareholders are likely to approve turnaround veteran Hunter Harrison’s demand for a $300 million pay package that the railroad derided as “exceptionally unusual,” according to analysts.

February 17, 2017
Business, Equipment

Ancra Updates Cargo Handling Equipment

Ancra International introduced its Retract-A-Roll 3 addition to its cargo handling systems.

February 17, 2017
Business

Penske Agrees to Settlement in California Meal and Rest Break Lawsuit

Penske Logistics has agreed to pay 344 drivers a total of $750,000 to settle a longstanding class-action lawsuit over a California meal and rest break law.

February 16, 2017
Business

DB Schenker Buys $25 Million Stake in UShip

Third-party logistics provider DB Schenker purchased a $25 million stake in online freight intermediary uShip, strengthening a partnership between the companies that work on a joint European venture.

February 16, 2017
Government, Business

Freight Executives Urge Caution on Trade

WASHINGTON — A disruption of trade agreements with Mexico has the potential of hindering the country’s flow of products with its southern neighbor, freight executives told a Senate panel Feb. 15.

Eugene Mulero | Senior Reporter
February 16, 2017
Business

Omnitracs, Peloton Forge Platooning Alliance

Fleet telematics provider Omnitracs has forged a partnership with Peloton Technology to bring truck platooning capabilities to its customers, a development that could accelerate trucking’s adoption of the emerging technology.

Seth Clevenger | Managing Editor, Features and Multimedia
February 16, 2017
Government, Business

DeFazio, 15 Other House Democrats Urge Trump to Redo Nafta

A coalition of at least 16 House Democrats, led by Oregon’s Peter DeFazio, said Feb. 16 it will file a “Blueprint for America’s New Trade Policy,” urging President Trump to fulfill his campaign promises and negotiate a thorough overhaul of the North American Free Trade Agreement or withdraw from the 1994 agreement.

Jonathan S. Reiskin | Associate News Editor
February 16, 2017