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.

Government, Business, Safety

DOT Awards NYC $20 Million for Connected-Vehicle Programs

Transportation Secretary Anthony Foxx on Sept. 14 announced that New York City would receive up to $20 million to advance connected-vehicle and related infrastructure concepts.

September 14, 2015
Business

Indian River Transport and FlowBelow Aero Begin Equipment Deal

Austin, Texas-based FlowBelow Aero Inc., a manufacturer of tractor-mounted aerodynamic products, announced it has partnered with tank truck carrier Indian River Transport to equip its tractors with the company’s new fuel saving AeroKit system.

September 14, 2015
Business, Logistics

Rail Trade Group Changes Name, Strategy

The Consumers United for Rail Equity trade group, which has been lobbying for changes in rail pricing and service for more than three decades, has been renamed the Freight Rail Customer Alliance in an effort to broaden its membership and focus.

Rip Watson | Special to Transport Topics
September 14, 2015
Business

Inventories Limit Freight Shipping, Expenditures

North American shipping activity declined 4.6% year-over-year in August, according to the Cass Freight Index, a measure of shipping activity in trucking and other modes of transportation, but it was not unexpected as manufacturing numbers also fell off.

September 14, 2015
Business, Logistics

Schneider Adds US-Canada Intermodal Service

Schneider added intermodal service between the Southeast and Montreal over a more direct route.

September 14, 2015
Business

IMC Companies Acquires Global Shippers Association

IMC Global Solutions, a member of the IMC Companies family of brands, has acquired Global Shippers Association, a leader in the import of home furnishings.

September 14, 2015
Business

Navistar Defense Wins $369 Million US Army Contract

Navistar Defense, a unit of truck maker Navistar International Corp., said it won a $369-million contract from the U.S. Army Contracting Command  to build 2,293 medium tactical vehicles for the Afghanistan National Security Force.

September 14, 2015
Business

Trailer Maker Manac Inc. Going Private, Led by Founder

Publicly traded trailer maker Manac Inc. of Saint-Georges, Quebec, said a group of investors will take the company private, led by Marcel Dutil, the company’s founder.

September 14, 2015
Business, Fuel

OPEC Trims 2016 Estimates for Rival Supplies as US Oil Suffers

OPEC trimmed estimates for supplies from outside the group in 2016 as the slump in prices takes its toll on the U.S. shale-oil industry.

September 14, 2015
Business, Government, Logistics, Autonomous

XPO to Purchase Con-way

XPO Logistics Inc. last week agreed to buy Con-way Inc. for $3 billion — the highest price ever paid for a U.S. trucking company — to broaden its service offerings and leap into the less-than-truckload market.

Rip Watson | Special to Transport Topics
September 14, 2015