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.
Titanium Makes First Acquisition Since Going Public
Titanium Transportation Group, Woodbridge, Ontario, said it has agreed to acquire ProNorth Transportation, a freight carrier based in North Bay, Ontario, for a combination of cash and stock.
December 2, 2015Omnitracs to Offer Drivewyze Weigh-Station Bypass on MCP Units
Omnitracs said it will soon offer weigh-station bypass services from Drivewyze Inc. on its mobile computing platforms.
December 2, 2015Volvo Promises ‘Epic’ Truck Test Video
Volvo Trucks announced that it will debut a new video in its Live Test series Dec. 3 that should be on par with its “Epic Split” YouTube video that has been viewed 81 million times.
December 2, 2015Intermodal Rail Traffic Declines in November
U.S. rail intermodal traffic declined 1% in November compared with the same month the prior year, the Association of American Railroads reported.
December 2, 2015Clinton Campaign Proposes $275 Billion Infrastructure Plan
Democratic presidential aspirant Hillary Clinton unveiled a $275 billion plan for investing in infrastructure nationwide over five years, paid for through business tax reform.
ABF Logistics Acquires Broker Bear Transportation for $26 Million
ArcBest’s ABF Logistics unit acquired broker Bear Transportation Services for $26 million to broaden the buyer’s service offerings.
December 2, 2015How Cheap Crude Stalled America’s Booming Oil Trains
While 2015 will go down as the worst year for crude train disasters, it also is shaping up to be the year crude-by-rail hit the brakes.
Port Authority of New York and New Jersey Releases $6.5 Billion Budget for 2016
The Port Authority of New York and New Jersey released its proposed $6.5 billion budget for 2016.
December 2, 2015Companies Added 217,000 Workers in November, ADP Says
Companies added more workers in November than forecast, a sign the labor market continues to strengthen, a private report based on payrolls showed.
December 2, 2015TransForce's TL Division Buys Chicago-Based Brokerage
Truckload carrier Transport America purchased a majority stake in Optimal Freight, a Chicago-based brokerage, the carrier said Dec. 1.