Business

About Business News...

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

Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall

Celadon truck parked at Indianapolis HQ Alan Petersime/Bloomberg News

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.

Jim Stinson | Staff Reporter
April 22, 2019

Transport Topics Podcasts: AOBRDs and ELDs

RoadSigns podcast

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!

Transport Topics
March 12, 2019
Government, Business, Fuel

Diesel Jumps 2.9¢ a Gallon to $3.147

Diesel 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.

Roger Gilroy | Staff Reporter
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

Transtex Buys TopKit, LeadEdge From SmartTruck

Transtex trailer tail on exhibit 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

World Distribution Services Plans New Warehouse in Virginia Beach

World Distribution Services 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

TruStar Energy Reaches Construction Milestone

TruStar Energy 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

Tesla Gears Up for Driverless Cars in 2020 Amid Skepticism

Tesla 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.

Michael Liedtke and Tom Krisher | Associated Press
April 22, 2019
Business, Technology, Fuel

Thermo King, Chanje Form Last-Mile Partnership

Chanje 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 Launches TMC SuperTech Game

Child playing TMCSuperTech: The 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.

Transport Topics
April 22, 2019

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