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.
Map: 1,885-Mile Autonomous Vehicle Highway Would Run From Canada to Mexico
North Dakota native Marlo Anderson and the Central North Trade Corridor Association are working on a plan that would create a highway for driverless vehicles.
Baptiste Named CEO at Trax Technologies
Trax Technologies announced that Don Baptiste has been named CEO, replacing Scott Nelson, who will move to the post of vice chairman.
April 6, 2016Houston Port Prepares for Deeper Ship Channel
The U.S. Army Corps of Engineers said it will begin surveying the Houston Ship Channel for the next round of dredging.
World's Biggest Shipping Company Pours Billions Into Expansion
The world’s biggest shipping company is taking advantage of low industry prices to build its business across units.
April 6, 2016Volvo New River Plant Workers Ratify Five-Year Contract
Volvo Trucks North America announced that United Auto Workers union members at its New River Valley plant in Virginia have ratified a five-year contract.
April 5, 2016Arkansas Joins Virtual Weigh Station Revolution
Arkansas is becoming the latest state to join the virtual weigh station revolution. The state’s Highway and Transportation Department announced April 5 that it has a contract with a local firm to install a weigh-in-motion scale under Route 64 near Alma.
Internet Truckstop Group Sells Stock to Fund Expansion
Internet Truckstop Group announced a “significant” investment from the private equity firm Bregal Sagemount to support expansion of its transportation technology platform.
April 5, 2016Companies Reimagine Delivery Vehicles
Several companies are testing a wide range of innovative delivery ideas to gain an edge in growing logistics and transportation space.
FedEx Plans Bond Offering in Euros for TNT Deal
FedEx Corp. will seek to finance part of its TNT Express acquisition with a debt offering in euros, its first non-U.S. bond issue.
Planning Group Puts $43 Billion Price Tag on Illinois Transportation Fix
Cash-strapped Illinois needs $43 billion over 10 years to repair and improve its transportation network and boost the state economy, according to a report released on Monday by the Metropolitan Planning Council.