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, Autonomous

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.

Victoria Lusk | American News (Aberdeen, S.D.)
April 6, 2016
Business

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, 2016
Business

Houston 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.

Sarah Scully | Houston Chronicle
April 6, 2016
Business, Logistics

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, 2016
Business

Volvo 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, 2016
Government, Business

Arkansas 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.

David Elfin | Staff Reporter
April 5, 2016
Business, Technology

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, 2016
Business, Government, Safety, Logistics

Companies Reimagine Delivery Vehicles

Several companies are testing a wide range of innovative delivery ideas to gain an edge in growing logistics and transportation space.

Steve Brawner | Contributing Writer
April 5, 2016
Business

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.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
April 5, 2016
Government, Business

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.

Karen Pierog | Reuters
April 5, 2016