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.
Quantum, Mainstay Form Alliance for CNG Tanks
Quantum Fuel Systems Technologies said it has partnered with Mainstay Fuel Technologies to offer a back-of-cab compressed natural-gas system for heavy-duty trucks.
September 9, 2014Manitoulin Acquires LTL Division of Westcan Freight
Manitoulin Transport announced that it has acquired the less-than-truckload and van freight business of Edmonton-based Westcan Freight Systems. Terms were not disclosed.
September 9, 2014DOT Announces $950 Million TIFIA Loan for Florida’s I-4 Project
WASHINGTON — Transportation Secretary Anthony Foxx announced on Sept. 9 that the Interstate 4 widening project in Orlando, Fla., will receive a DOT loan for $950 million.
Swift Execs Skip Conference as Phoenix Floods
Executives from Swift Transportation Co., scheduled to make a presentation at a Las Vegas conference, were forced to cancel due to record floods in Phoenix, where the company is based.
September 9, 2014Mack Introduces MP7 Super Econodyne Powertrain
Mack Trucks introduced the MP7 405 Super Econodyne powertrain, which the company says boosts fuel efficiency and will be available with 405 horsepower and 1,560 pound-feet of torque.
September 9, 2014Consumer Credit Surges on Loans for Automobiles
Consumer borrowing in the U.S. rose more than forecast in July as non-revolving loans including those for cars climbed by the most in three years.
September 9, 2014Senators Seek to Boost Surface Transportation Board's Authority
Democratic and Republican leaders of the Senate Commerce Committee plan to introduce a bill this week to give new powers to the Surface Transportation Board amid continuing complaints about train delays.
September 8, 2014Diesel Unchanged; Remains at Two-Year Low of $3.814
Diesel’s average U.S. pump price matched last week’s $3.814, still a two-year low, the Department of Energy reported Sept. 8.
Foxx: It May be Time to Examine 'One State at a Time' Freight System
Transportation Secretary Anthony Foxx hinted that the nation’s federal surface transportation program could be one area of focus for the Department of Transportation as he works to develop a 30-year outlook on the state of transportation in the U.S.
September 8, 2014Celadon Acquires Furniture Row Express Assets
Celadon Group’s trucking unit has acquired approximately 100 tractors and 200 refrigerated trailers from Furniture Row Express to further expand the buyer’s temperature-controlled freight business, a company official said.