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

OIA Global Acquires U.S. Worldwide Logistics

OIA Global, a supply chain management company,has acquired Kentucky-based U.S. Worldwide Logistics. Terms were not disclosed.

September 30, 2013
Business, Logistics

Radiant Logistics’ 4Q Income Rises

Third-party logistics company Radiant Logistics’ fiscal fourth-quarter net income increased from a year ago, the company said.

September 30, 2013
Business

Knight Says it Will Continue Pursuing USA Truck Acquisition

Knight Transportation said Sept. 30 that is disappointed that USA Truck rejected its takeover bid, but it is “prepared to take the necessary steps to make this combination a reality.”

September 30, 2013
Business

Feds Alleged CDL Test Fraud Scheme in New York

Federal officials have charged 11 people in New York for allegedly organizing schemes to help commercial driver license applicants to cheat on their tests.

September 30, 2013
Government, Business

Nafta Surface Trade Grows 6.8%

Surface trade among the United States, Canada and Mexico grew 6.8% in July from the same month last year and fell 1.4% from June, the Department of Transportation reported.

September 30, 2013
Business

Telogis Launches Expanded Route-Planning Software

Telogis Inc. has expanded its route-planning software to include new analytics and daily planning capabilities.

Seth Clevenger | Managing Editor, Features and Multimedia
September 30, 2013
Editorial, Business

Editorial: Two More Funding Reminders

For countless years, we have written about the United States’ dire need of a long-term transportation funding source.

September 30, 2013
Business

Burst of Acquisition Interest May Alter Large Fleet Lineup

A sudden burst of acquisition activity surfaced in a three-day span last week involving four of the nation’s largest trucking fleets, including two offers for the less-than-truckload assets of Vitran Corp. and a $95 million bid by Knight Transportation Inc. for USA Truck Inc.

September 30, 2013
Business

Mack’s Flaherty to Retire in January

Mack Trucks Inc. last week named Stephen Roy president of North American sales and marketing effective Jan. 1, succeeding Kevin Flaherty, who will retire after 40 years with the company.

September 30, 2013
Business

Colorado Seeks Federal Aid to Rebuild Ravaged Roads

Colorado officials have asked Congress to help rebuild a highway system devastated by severe flooding that has forced UPS Inc. and FedEx Corp. to use a dirt road for some deliveries and has left trucking fleets still assessing the damage to their equipment and buildings.

September 30, 2013