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, Logistics

Top Container-Leasing Firms Agree to Merge

Triton Container International and TAL International Group have agreed to a merger, creating the world’s largest lessor of intermodal shipping containers with a combined fleet of nearly 5 million 20-foot equivalent units and revenue earning assets of $8.7 billion.

November 17, 2015
Business, Technology, Equipment, Safety

Kentucky Adding Tolls, Joins E-ZPass System

Kentucky hasn’t had a tolled road in 69 years, but that will change in a big way in 2016.

David Elfin | Staff Reporter
November 17, 2015
Business

Ryder Launches Dedicated Contract Carriage Service for True Value

Ryder System Inc. announced that it would provide True Value Co., a wholesale hardware cooperative, with professional drivers, vehicles, maintenance, routing and scheduling services through a dedicated-transportation agreement.

November 17, 2015
Government, Business, Safety

N.Y., N.J., Feds Agree on Funding for $20 Billion Rail Tunnel

Officials in New York and New Jersey, the U.S. Department of Transportation and Amtrak have agreed on a first step toward building a $20 billion rail tunnel between New York City and New Jersey beneath the Hudson River.

Eric Miller | Senior Reporter
November 17, 2015
Business

Westport Aligns Board for Merger with Fuel Systems

Vancouver-based Westport Innovations Inc., which engineers natural-gas engines and vehicles, announced a restructuring of its board in preparation for the previously announced merger with Fuel Systems Solutions Inc., which provides natural-gas transportation, infrastructure and industrial products.

November 17, 2015
Business

Manufacturing in US Climbs for First Time in Three Months

Factory output increased in October for the first time in three months as producers turned out more construction materials and motor vehicles.

November 17, 2015
Business, Equipment

Accuride Promotes, Hires Top Executives to Focus on Global Growth

Component supplier Accuride Corp. announced three top executive appointments to support its planned expansion as a supplier of wheel-end products to the global commercial vehicle industry.

November 17, 2015
Business, Government, Logistics

Savannah Cargo Volume Rises 3% in October

Shipments rose 3% last month at Savannah, Georgia, the nation’s fourth-largest container port, as shipment growth continued at the second-busiest port on the Atlantic Coast, the Georgia Ports Authority reported.

November 17, 2015
Business

Amazon Bets on Same-Day Deliveries for the Holidays

Amazon.com Inc. has a new, expensive-to-reach target in its quest to sell everything to everyone: last-minute holiday shoppers.

November 17, 2015
Business

Consumer Prices Increase for First Time in Three Months

The cost of living excluding food and fuel rose again in October after picking up the prior month, showing inflation edging closer toward the Federal Reserve’s goal.

Michelle Jamrisko | Bloomberg News
November 17, 2015