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

Landstar Agent Momentum Transportation Expands Intermodal Services With Acquisition

Momentum Transportation USA Inc., an independent agent for truckload carrier Landstar System, has acquired Get Fr8 Inc., a logistics firm that specializes in intermodal freight.

January 19, 2016
Business

Freight Forwarder CVI Acquires M&S Shipping

CV International, a Norfolk, Virginia-based freight forwarder and customs broker, has acquired M&S Shipping Ltd., a Virginia Beach company that provides domestic and international freight-forwarding services. Terms were not disclosed.

January 19, 2016
Business

Confidence Among Homebuilders Unchanged in January

Confidence among U.S. homebuilders was unchanged at the start of year, indicating the residential real estate market was sustaining the steady progress made in 2015.

Sho Chandra | Bloomberg News
January 19, 2016
Business, Logistics

CSX to Close Administrative Division in West Virginia

CSX will close administrative offices in Huntington, the company said Jan. 18.

Mike James | The (Ashland, Ky.) Daily Independent
January 19, 2016
Business

Long-term Highway Funding Provides a Bright Spot for Caterpillar

A five-year, $305 billion bill that was signed into law in December provides a modest increase to highway and transit spending, as well as a ray of sunshine during what has been a dark period for Caterpillar.

Steve Tarter | Peoria (Ill.) Journal Star
January 19, 2016
Business, Safety

Truck-Crash Deaths Down

The rate and total number of fatalities involving trucks weighing at least 10,000 pounds declined in 2014 from the prior year, according to newly released federal data.

David Elfin and Eric Miller | Staff Reporters
January 18, 2016
Editorial, Business

Editorial: Improved Highway Safety

Safety within the trucking industry continues to improve.

January 18, 2016
Business, Fuel

Diesel Drops 3.4¢ to $2.177; Price Nears Seven-Year Low

A continuing slide in the U.S. retail diesel average brought the fuel to its lowest price in nearly seven years, the Department of Energy reported Jan. 11.

Roger Gilroy | Senior Reporter
January 18, 2016
Business, Equipment

New Engines Demand Finer Fuel Filtration; Suppliers Use Nanofibers to Protect Systems

Tightening federal standards for truck emissions, including particulates, nitrogen oxides and, most recently, carbon dioxide, have led to higher-pressure fuel-injection systems that require finer fuel filtration than ever before to prevent engine problems.

Steve Sturgess | Special to Transport Topics
January 18, 2016
Business, Government, Safety

Minimal Mention of Transportation in Obama’s Final State of the Union

President Obama’s much-anticipated State of the Union Address on Jan. 12 focused little on infrastructure and freight transportation concerns, surprising stakeholders still praising last month’s enactment of a five-year highway law that had been six years in the making.

Eugene Mulero | Senior Reporter
January 18, 2016