E2open, an Austin-based software company that provides cloud-based services for the supply chain industry, said Oct. 22 that it had acquired New Jersey-based Inttra, a software company that provides various tools to shippers and carriers in the ocean freight industry.
October 23, 2018Business
Business, Technology, Logistics, TCA
Getty Images
E2open Buys Leading Ocean Freight Software Firm Inttra
Getty Images
Business
Canadian Freightways is an LTL operating unit of TFI International. (Brian Everitt/Flickr)
TFI International Posts Strong Growth in 3Q
Canadian Freightways is an LTL operating unit of TFI International. (Brian Everitt/Flickr)
TFI International, one of the largest trucking and logistics companies in the United States and Canada, reported strong growth in revenue and operating profits across all of its business segments in the third quarter.
October 23, 2018Government, Business, Technology, Autonomous
Podcast Debut: ‘RoadSigns’ Tackles Autonomous
Welcome to the inaugural episode of Transport Topics' new podcast: RoadSigns. Our debut episode focuses on how the trucking industry’s steady and ongoing development of autonomous technology may someday affect truck drivers. Click to listen!
June 11, 2018
Government, Business
Qilai Shen/Bloomberg News
Trade Tariffs Spark Surge in Lobbying
Qilai Shen/Bloomberg News
Companies and business groups, including the U.S. Chamber of Commerce, ramped up their spending on lobbying during the third quarter, as they sought to contain what they feel is damage from President Trump’s trade war.
October 23, 2018
Government, Business, Fuel
Daniel Acker/Bloomberg News
Diesel Slides 1.4¢ in First Decline Since Aug. 20
Daniel Acker/Bloomberg News
The U.S. average retail price of diesel inched down 1.4 cents to $3.380 a gallon as crude oil prices slipped amid growing U.S. inventories of crude.
October 22, 2018
Business, Top 100
John Sommers II for Transport Topics
USA Truck Acquires Davis Transfer Co.
John Sommers II for Transport Topics
USA Truck announced the purchase of Davis Transfer Co., a family-owned trucking company based in Carnesville, Ga., for $53 million in cash and stock, a deal that signals the start of a more aggressive growth strategy at USA Truck by the company’s new management team.
October 22, 2018
Government, Business
Sitting next to Chao, Trump speaks during a Cabinet meeting on Oct. 17. (Evan Vucci/Associated Press)
Trump Orders Federal Spending Cuts as Chao Touts Regulatory Streamlining
Sitting next to Chao, Trump speaks during a Cabinet meeting on Oct. 17. (Evan Vucci/Associated Press)
The U.S. Department of Transportation and other federal agencies have to come up with a 5% reduction in their budgets for next year, President Donald Trump told his Cabinet during a recent meeting at the White House.
October 22, 2018
Business, Technology
A Crowley Maritime Corporation tugboat. (Ted S. Warren/Associated Press)
Crowley Maritime Christens LNG-Powered Cargo Ship
A Crowley Maritime Corporation tugboat. (Ted S. Warren/Associated Press)
Fair winds and following seas greeted El Coqui — hailed as the future of modern maritime trade with its cleaner-burning liquefied natural gas engines and cutting-edge technology — as she sailed Oct. 20 from Jacksonville with cargo bound for Puerto Rico.
October 22, 2018
Government, Business, Fuel
Work being done one the Dakota Access Pipeline in S.D. (Tom Stromme/Associated Press)
North Dakota Pipeline Company Gauges Interest in Expanding Oil Volume
Work being done one the Dakota Access Pipeline in S.D. (Tom Stromme/Associated Press)
BISMARCK, N.D. — The developer of the Dakota Access pipeline is gauging shippers’ interest in a possible expansion of the volume of crude oil moved through the pipeline from 500,000 barrels to 570,000 barrels per day, despite ongoing tribal efforts to shut the pipeline down.
October 22, 2018
Business
(Don MacKinnon/Bloomberg News)
Canadian Pacific Reports Quarterly Revenue Record in 3Q
(Don MacKinnon/Bloomberg News)
Canadian Pacific Railway Ltd. posted revenue of C$1.9 billion in the third quarter, a record for any quarter in company history, the Calgary, Alberta-based railroad announced Oct. 18.
October 22, 2018
Business, Fuel
Russ MacNeil
Sunoco Finalizes Deal for Brenco Marketing
Russ MacNeil
Sunoco has completed its $24 million acquisition of Brenco Marketing Corp.’s fuel-distribution business.
October 22, 2018Pages
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Covenant Transportation Group posts record revenue and profits in the third quarter. https://t.co/pbclhDblSu https://t.co/v2tLrrPoea
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The law will invest in water infrastructure improvements related to harbors, waterways and flood protection. https://t.co/B14X0coCu7
