Business
Business, Equipment, TCA

Morgan Truck Body to Open $19 Million Connecticut Factory

Morgan Truck Body

The Connecticut Bond Commission on Feb. 16 approved a $4 million loan to Morgan Truck Body, which builds dry freight and refrigerated truck bodies for companies throughout the country. The company plans to construct a $19 million manufacturing plant that is expected to create more than 100 new jobs, according to bond commission minutes.

John Penney | Norwich (Conn.) Bulletin
February 20, 2018
Business, Equipment

Steamship Line Hapag-Lloyd Raises Fees

Hapag-Lloyd ship at Port of Los Angeles Patrick Fallon/Bloomberg News

Steamship line Hapag-Lloyd will increase fees to transport freight to the United States and cross-border freight from Canada. Cargo between Canada and the United States will be subject to a carbon tax.

Transport Topics
February 20, 2018
Business, Logistics

World’s Biggest Container Liner Looks for Deals Outside Shipping

Snejbjerg/Bloomberg News

The world’s largest container company will start looking for takeover targets outside the shipping industry as it tries to pre-empt a new competitive landscape in which customers are morphing into rivals.

Christian Wienberg | Bloomberg News
February 20, 2018
Business, Technology, Logistics

Commodities Shipper Seeks $150 Million to Start Digital Coin

Marco Verch/Flickr

The shipping agency that struck the first freight deal settled in Bitcoin is now seeking $150 million to launch its own cryptocurrency.

Isis Almeida | Bloomberg News
February 20, 2018
Business

CSX Sells Stake in Hotel Property

Westin Resort westinsavannah.com

CSX Corp. sold its stake in the Westin Savannah Harbor Golf and Spa for $77 million, according to the railroad company.

February 20, 2018
Business

Miami Airport Expands Free Trade Zone Magnet Site

Cargo terminal at Miami International Airport A cargo terminal at Miami International Airport. (PortMiami via YouTube)

Miami International Airport has been designated a foreign trade zone magnet site by the U.S. Department of Commerce.

Transport Topics
February 20, 2018
Government, Business

Elaine Chao to Headline AASHTO Meeting, Senate Hearing

Elaine Chao Jin Lee/Bloomberg

Transportation Secretary Elaine Chao will maintain the national conversation on infrastructure funding with a pair of high-profile events next week.

Eugene Mulero | Staff Reporter
February 20, 2018
Business, Logistics

XPO Expands Heavy Goods Service in Europe

Last-Mile Operations XPO Logistics Inc.

XPO Logistics Inc. is expanding its movement of heavy goods to Europe, providing last-mile delivery service to such new markets as France, Ireland, the Netherlands, Spain and the United Kingdom.

Transport Topics
February 20, 2018
Business

Supplier Wabco Reports Solid Quarter, Year

Wabco booth at NACV John Sommers II for Transport Topics

Parts supplier Wabco Holdings Inc. reported strong earnings and revenues in the fourth quarter and for full year 2017.

Transport Topics
February 20, 2018
Business, Technology, Equipment

Celadon Upgrades Load-Tracking Software, Website

Celadon truck John Sommers II for Transport Topics

Celadon Group continued its efforts to remake the company, updating its CelaTrac freight-tracking software and redesigning its corporate website.

Transport Topics
February 20, 2018

Pages