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.
Corcentric, a company that provides systems to manage payments for transportation and other businesses, has purchased substantially all of the assets of Determine Inc., a cloud-based payment software provider, for $32 million in cash.
April 16, 2019
Nikola hydrogen-powered truck (Nikola Motor Co.)
ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.
April 16, 2019
Brent Lewin/Bloomberg News
Canadian National Railway plans to invest more than $80 million in Minnesota this year — spending it, they said, would strengthen the company’s rail network across the state.
April 16, 2019
Port of New York and New Jersey (Getty Images)
Instead of unloading the containers at the New York port and putting them on trucks there, the idea is to unload the containers onto a train that would take them to Buffalo.
April 16, 2019
Trump at a meeting in the White House. (Al Drago/Bloomberg News)
Officials in the transportation industry warned that if President Donald Trump follows through on the threat of tariffs on imported truck and automobile parts, the effects could be devastating for jobs in the United States.
April 16, 2019
A view from outside Tesla's Fremont, Calif., facility. (Jeff Chiu/Associated Press)
Tesla released its first sustainability report April 15, in which the electric carmaker highlighted the positive effects it said its vehicles — and its production efforts — have had on the environment since purchasing its Fremont, Calif., factory in 2010.
April 16, 2019
John Sommers II for Transport Topics
J.B. Hunt Transport Services reported on April 15 a year-over-year bump of 7% in first-quarter revenue to $2.09 billion compared with $1.95 billion for the same period in 2018.
April 15, 2019
Getty Images
The U.S. average retail price of diesel climbed 2.5 cents to $3.118 a gallon, as crude oil dropped below $64 a barrel, the Department of Energy reported April 15.
April 15, 2019
Susan Walsh/Associated Press
While visiting a truck dealership in Burnsville, Minn., President Donald Trump touted tax cuts passed by Republicans in 2017, even as the law has swelled the deficit and failed to gain traction with voters in last year’s midterm elections.
April 15, 2019
Charlie Neibergall/Associated Press
Shipments of American soybeans are at the lowest level since before the U.S.-China trade war in what could be a worrying sign for growers hoping for the Asian giant to accelerate purchases ahead of a trade deal.
April 15, 2019