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.
J.B. Hunt Signs Deal to Boost Freight Service to Puerto Rico
J.B. Hunt Transport Services Inc. signed a service agreement with Trailer Bridge Inc. to combine resources between the mainland United States and Puerto Rico, the motor carrier announced Sept. 16.
September 16, 2016Hanjin Cargo Owners Say Bid to Unload Vessels Isn’t Working
Bankrupt Hanjin Shipping Co.’s efforts to unload vessels in the United States while it goes through bankruptcy in South Korea are meeting with complaints from cargo owners and from the companies that service and equip its fleet.
Dot Foods to Expand Operations in Western Maryland
Dot Foods will expand operations in western Maryland with a two-phase project that will add at least 100 new jobs over the next seven years, many of which will be truck drivers, the company announced on Sept. 14.
September 16, 2016Bendix Spicer Offering Air Disc Brake Engineered for Trailers
Bendix Spicer Foundation Brake said its first air disc brake engineered specifically for trailers is now available in the commercial vehicle market.
September 16, 2016Consumer Prices Rose More Than Forecast in August
The cost of living in the United States rose more than projected in August on higher shelter and health-care prices, indicating that inflation continues to move toward the Federal Reserve’s goal.
Consumer Sentiment Gauge Holds at Lowest Since April
Consumer sentiment in September held at the lowest level since April, as people became more optimistic about the economic outlook but less sanguine about their incomes and buying plans.
Teamsters Car Haulers Again Reject Tentative Deal
Teamsters who deliver new cars and trucks have again rejected a tentative contract agreement, prompting union leaders to evaluate the next step in the long-running saga.
Aljex Software, Triumph Business Capital Integrate Services
Systems provider Aljex Software has joined with the financial services company Triumph Business Capital to provide two new working capital services.
September 16, 2016New Freight Forward Network Forms to Take on Multinationals
A new industry group called the Globalia Logistics Network has been formed to align independent freight forwarders to compete with large multinational logistics providers.
September 16, 2016RoadOne IntermodaLogistics Beefing Up Its New York-New Jersey Assets
RoadOne IntermodaLogistics has acquired C&V Trucking in a deal that will add 30 new trucks and a new terminal in Milford, Connecticut, to the drayage provider, the company announced Sept. 13.
September 16, 2016