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.
N.Y. Governor, Lawmakers Push Lower Tolls for Verrazano-Narrows Bridge
New York Gov. Andrew Cuomo (D) and legislative leaders have endorsed a plan to reduce tolls on the bridge connecting New York City boroughs Staten Island and Brooklyn.
February 11, 2014Trillium CNG to Have 77 Stations Open by June
Trillium CNG expects to have 77 compressed natural gas stations open by June, representatives said in a meeting with Transport Topics.
February 11, 2014Forward Air’s 4Q Income Declines
Forward Air Corp. said its fourth-quarter net income dipped from a year ago, and the carrier authorized a 2 million-share buyback.
Wholesale Inventories Rise 0.3% in December
Wholesale inventories rose 0.3% in December, the slowest pace since last summer, the Commerce Department reported Feb. 11.
February 11, 2014UPS Acquires UK Health-Care Logistics Firm
UPS Inc. said it has acquired Polar Speed, a U.K.-based health-care logistics company. Terms were not disclosed.
February 11, 2014Dagnese Named President of Con-way Truckload
Con-way Inc. said it has named Joseph Dagnese president of its truckload unit.
February 11, 2014FedEx Trade Networks Names New CEO
FedEx Trade Networks said it has named Jack Muhs its new CEO.
February 10, 2014New Jersey Firms J&E Transport, Northstar Services Merge
J&E Transport and Northstar Services, both in Pennsauken, N.J., said they have merged. Terms were not disclosed.
February 10, 2014Sylectus Launches iPhone App
Sylectus, a provider of Web-based transportation management software, said its mobile application is available for the iPhone.
February 10, 2014Reinhart Starts as Head of Virginia Port Authority
John Reinhart has begun as CEO of the Virginia Port Authority and will oversee a restructuring effort already under way, according to the port.
February 10, 2014