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.
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, 2016Freight 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, 2016Confidence 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.
CSX to Close Administrative Division in West Virginia
CSX will close administrative offices in Huntington, the company said Jan. 18.
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.
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.
Editorial: Improved Highway Safety
Safety within the trucking industry continues to improve.
January 18, 2016Diesel 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.
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.
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.