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.
FLS Transportation Services, a Montreal-based 3PL, has announced the acquisition of Scott Logistics Corp., a freight broker headquartered in Georgia.
February 15, 2019
Bronczek, Subramaniam via LinkedIn, FedEx
FedEx Corp. is elevating Raj Subramaniam to the position of president and chief operating officer in the wake of the departure of David Bronczek, who the company said is making a “personal decision” to retire.
February 15, 2019
Elaine Thompson/Associated Press
DUNMORE, Pa. — State police issued more than 800 citations statewide to drivers violating the commercial vehicle ban during the Feb. 12 winter storm. Troopers say they were strongly enforcing the ban as a way to prevent crashes and keep highways clear.
February 15, 2019Cooper Tire added the Roadmaster RM351 HD tire to its commercial tire lineup.
February 15, 2019
Samsara
Samsara, a San Francisco-based tech firm that is developing internet-connected sensors to monitor mobile assets, has unveiled a dash camera that uses artificial intelligence to identify dangerous driving behaviors.
February 15, 2019ZAF Energy Systems Inc., a developer of next-generation battery technology, has received investment capital from Wirtz Manufacturing, a global company specializing in equipment design and technology for the lead-acid battery market, according to a ZAF statement.
February 15, 2019
John Sommers II for Transport Topics
Supplier Dana Inc. reported record full-year net income and revenue, and quarterly improvements in both areas.
February 15, 2019
Model of an electric Rivian truck. (Patrick T. Fallon/Bloomberg News)
Amazon.com led a $700 million equity investment in Rivian Automotive, the electric pickup and SUV maker preparing to deliver its first vehicles next year.
February 15, 2019
Wabco's booth at a recent industry trade show. (John Sommers II for Transport Topics)
Commercial vehicle supplier Wabco Holdings Inc. reported lower net income and revenue for the fourth quarter, while full-year revenue set a record despite a slowdown in certain key markets.
February 15, 2019
Meg Roussos/Bloomberg News
U.S. factory production unexpectedly contracted in January, shrinking the most in eight months on weakness in the automotive sector and indicating a weak start to the year as headwinds including a trade war with China weighed on factories.
February 15, 2019