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.
Ford to Offer Gasoline Option on Super Duty Model
DEARBORN, Mich. — Ford Motor Co. officials said the company will offer gasoline-powered versions of their Super Duty F-650 trucks in a bid to undercut the cost of competing diesel models offered by Ford and its competitors.
December 8, 2011Echo Global Logistics Buys Intermodal Company
Echo Global Logistics has announced its acquisition of Trailer Transport Systems, an intermodal marketing company, to enhance Echo’s truck/rail service offerings.
December 8, 2011Wholesale Inventories Rise in October
Wholesale inventories climbed 1.6% in October, the largest increase in five months, the Commerce Department said Thursday.
December 8, 2011Jobless Claims Drop to Nine-Month Low
Initial jobless claims fell by 23,000 last week to 381,000, the fewest since February, the Labor Department said Thursday.
December 8, 2011Diesel to Average $3.85 Into Next Year, DOE Says
Diesel will average $3.85 a gallon this year and in 2012, the Department of Energy said, boosting a previous price forecast.
December 8, 2011Alisam Freight Management Acquires Plains Transportation
Alisam Freight Management, a San Antonio logistics company, said it has acquired motor carrier Plains Transportation Inc., Amarillo, Texas, for an undisclosed sum.
December 8, 2011Georgia Flatbed Hauler Buys Brokerage
Georgia flatbed hauler Bennett Motor Express has acquired logistics and brokerage company Best Ways Brokerage for an undisclosed sum.
December 8, 2011Judge to Set Creditors’ Claims Deadline In Trailer Bridge Bankruptcy Case
The judge overseeing the bankruptcy case of Trailer Bridge Inc. will set a deadline for creditors to file claims at a Dec. 14 hearing.
December 8, 2011Port to Gain Intermodal Capacity With $6.5 Million Track Project
The Port of Savannah’s intermodal capacity will be enhanced by a $6.5 million project to add 1.2 miles of rail track at a container transfer terminal, the Georgia Ports Authority announced.
December 8, 2011Express Scripts Hires SCI for Drug Deliveries
Express Scripts Canada said it has signed a supply chain contract to have SCI Logistics manage the home delivery of pharmaceuticals and medical supplies.
December 8, 2011