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.
TransForce to Buy Transport America
Canadian firm TransForce Inc. agreed to buy Transport America Inc. for $310 million to enter the U.S. truckload sector as a trend of mergers between major carriers resumes.
AASHTO Presses Congress to Act on Highway Trust Fund Crisis
The American Association of State Highway and Transportation Officials passed a resolution that calls on Congress to address the funding crisis facing the Highway Trust Fund this summer.
Volvo Completes Purchase of Terex Corp.’s Truck Business
Volvo Construction Equipment said June 2 it has completed its $160 million purchase of Terex Corp.’s truck subsidiary.
Construction Spending Rises 0.2% in April
Construction spending rose 0.2% in April, the Commerce Department reported June 2.
June 2, 2014ISM May Factory Index at 55.4, Group Says in Second Correction
The Institute for Supply Management said its May manufacturing index improved to 55.4 from 54.9 a month earlier, the Tempe, Arizona-based group said in a second correction on the data.
June 2, 2014Descartes Acquires Trade-Data Provider
Descartes Systems Group said it has acquired trade-data company Customs Info LLC in a deal valued at about $41.5 million.
June 2, 2014Battelle Database to Explore Tank-Truck Corrosiveness
Engineers at Battelle Memorial Institute are building an online database that will inform fleet managers about the corrosiveness of liquid chemicals on stainless steel tank trailers.
June 2, 2014US Fleet Size Hits Record
The U.S. heavy-duty truck fleet grew to its largest size on record during the first quarter and is likely to grow further in the coming quarters, IHS Automotive reported.
June 2, 2014Letters: Cross-Border Concern, Better Pay
When the North American Free Trade Agreement began, rules were set in place to make sure the carriers coming out of Mexico were compliant with U.S. laws.
June 2, 2014Editorial: Prosperity Building
Another week has brought with it more signs that trucking is growing. Specifically, IHS Automotive reported that the U.S. heavy-duty truck fleet grew to its largest size on record during the first quarter, and ACT Research Co. said new trailer orders rose 20.2% in April from a year earlier.
June 2, 2014