Celadon Group Inc. is selling its Celadon Logistics brokerage and third-party logistics subsidiary in a $60 million deal that helps advance the Indianapolis-based company’s plan to shore up its business in the wake of accounting troubles that date back several years.
April 22, 2019Business
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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, Logistics, Top 100
Alan Petersime/Bloomberg News
Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall
Alan Petersime/Bloomberg News
Transport Topics Podcasts: AOBRDs and ELDs
Check out the latest podcast episodes of our RoadSigns programs. Episode 1 and 2 of Season Two, "The AOBRD Phaseout" and "What Does the Future Hold for ELDs?" are now available. Check back here often as new content is always being added!
March 12, 2019
Government, Business, Fuel
Getty Images
Diesel Jumps 2.9¢ a Gallon to $3.147
Getty Images
The U.S. average retail price of diesel climbed 2.9 cents to $3.147 a gallon, and crude oil prices pushed past $65 a barrel to post a six-month high, the Department of Energy reported April 22.
April 22, 2019
Business, Equipment
Brown Gibbons Lang Acquires Lumitec
Brown Gibbons Lang and Co. acquired Lumitec by Truck-Lite Co., according to an April 17 news release.
April 22, 2019
Business, Equipment, Fuel
A view of the Transtex trailer tail at TMC 2018. (John Sommers II for Transport Topics)
Transtex Buys TopKit, LeadEdge From SmartTruck
A view of the Transtex trailer tail at TMC 2018. (John Sommers II for Transport Topics)
Transtex, a manufacturer of aerodynamic products and fleet-safety technology for commercial vehicles, has acquired TopKit and LeadEdge Top Fairing assets from SmartTruck, a precision aerodynamics company based in Greenville, S.C.
April 22, 2019
Business
Inventory sits on shelves at a World Distribution Services warehouse. (World Distribution Services)
World Distribution Services Plans New Warehouse in Virginia Beach
Inventory sits on shelves at a World Distribution Services warehouse. (World Distribution Services)
World Distribution Services plans to spend $6.2 million to renovate a warehouse facility near the Port of Virginia in Norfolk.
April 22, 2019
Business, Technology, Equipment, Fuel
A TruStar fueling station. (TruStar Energy Corp.)
TruStar Energy Reaches Construction Milestone
A TruStar fueling station. (TruStar Energy Corp.)
TruStar Energy announced it completed construction of its 250th compressed natural gas fueling station, a UPS Inc. facility in Plainfield, Ind.
April 22, 2019
Business, Technology, Autonomous
SeongJoon Cho/Bloomberg News
Tesla Gears Up for Driverless Cars in 2020 Amid Skepticism
SeongJoon Cho/Bloomberg News
SAN FRANCISCO — Tesla CEO Elon Musk appears poised to transform the company’s electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years.
April 22, 2019
Business, Technology, Fuel
A Chanje electric van. (Chanje Energy)
Thermo King, Chanje Form Last-Mile Partnership
A Chanje electric van. (Chanje Energy)
Thermo King has partnered with vehicle maker Chanje to create a refrigerated version of Chanje’s V8100 all-electric last-mile delivery van.
April 22, 2019
Business, Technology
Design Interactive
Design Interactive Launches TMC SuperTech Game
Design Interactive
Design Interactive Inc., a provider of augmented and virtual reality-based fleet maintenance training solutions for the transportation industry, announced it is providing a mobile augmented reality game of the Technology & Maintenance Council’s National Technician Skills Competition, TMC SuperTech.
April 22, 2019
Business, Safety
2019 Arizona Truck Driving Championships
Photos from the Arizona Truck Driving Championships in Tempe, Ariz., April 13, 2019.
April 22, 2019Pages
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