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.
Celadon Buys Tennessee Carrier’s Assets
Celadon Trucking Services said it purchased almost 200 trucks and 300 trailers from Teton Transportation, Knoxville, Tenn.
March 1, 2012Equity Firm Buys Sprint Logistics Unit
Aperion Management has teamed with the management of Sprint Logistics to acquire that company’s municipal solid waste transfer station management and transportation business.
March 1, 2012Economy Shows Moderate Growth, Fed Says
The U.S. economy expanded at a “modest to moderate pace” in January and early February as factories boosted production, while transportation service showed mixed results, the Federal Reserve said Wednesday.
February 29, 2012TransForce Reports Higher 4Q Earnings
TransForce Inc.’s fourth-quarter net income rose to C$41.7 million, or 41 cents a share, from C$34.8 million, or 36 cents, a year earlier, the Montreal-based trucking and logistics company said Wednesday.
February 29, 2012Chicago Manufacturing Index Rises
An index of manufacturing activity in the Chicago area increased in February, the Institute for Supply Management-Chicago said Wednesday.
February 29, 2012Quality Swings to Fourth-Quarter Profit
Tank truck carrier Quality Distribution reported a fourth-quarter profit, turning around a loss in the same quarter a year ago.
February 29, 2012N.Y., N.J. Bills Would Limit Independent Truck Drivers
Bills introduced in the New York and New Jersey legislatures that would eliminate independent owner-operators in major segments of the trucking industry.
ATA Supports EOBR Rule in Court Brief
American Trucking Associations has defended the federal government’s moves to encourage the use of electronic onboard recorders among trucking fleets in a brief filed in federal court.
Truck Tonnage Rises 3.6% in January
Truck tonnage rose 3.6% in January from the same month last year, American Trucking Associations said.
February 28, 2012NAFTA Surface Trade Rises 11.6% in December
Surface trade among the United States, Canada and Mexico rose 11.6% in December from a year ago, the Department of Transportation said Tuesday.
February 28, 2012