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.
Industrial gas and equipment supplier Tech Air has acquired Scully Welding Supply Corp. and Scully Propane Service Corp. according to a Dec. 4 press release. This is the 27th acquisition for Tech Air under CI Capital ownership.
December 11, 2018
AIT Worldwide Logistics, a supply chain services provider, has acquired ConneXion World Cargo, a freight forwarder based in London.
December 11, 2018
David Cunningham (left) and Rajesh Subramaniam via FedEx
FedEx Corp. on Dec. 7 announced that FedEx Express President and CEO David Cunningham will retire effective Dec. 31.
December 10, 2018
Daniel Acker/Bloomberg News
The U.S. average retail price of diesel dropped 4.6 cents to $3.161 a gallon, the U.S. Energy Information Administration reported Dec. 10, as crude oil prices dropped near $50 a barrel.
December 10, 2018
Employees at the Goodyear plant. (Wil Riera/Bloomberg News)
Goodyear Tire & Rubber Co. is halting its Venezuela operations and laying off its local workforce, union officials said Dec. 10, the latest foreign corporation to close shop in the crisis-torn country.
December 10, 2018Bridgestone Americas Inc. announced its new Bandag BRSS all-position retread designed for fleets that work in on- and off-road environments.
December 10, 2018
Andrew Harrer/Bloomberg News
Delivery companies are warning shoppers to send holiday gifts and make online purchases within the next 10 days as a record number of packages are expected to be delivered.
December 10, 2018Cynthia Warner has been named president and CEO of Renewable Energy Group Inc., a producer of biomass-based diesel and renewable chemicals, effective Jan. 14 when she will also join its board.
December 10, 2018
Rogelio V. Solis/Associated Press
WASHINGTON — The number of open jobs rose in October to the second highest on record, evidence that U.S. employers remain determined to hire despite ongoing trade disputes and rocky financial markets.
December 10, 2018
A Minit Mart, one of TravelCenters' standalone convenience stores. (Nicholas Eckhart/Flickr)
TravelCenters of America announced the completion of its previously announced sale of 225 standalone convenience stores, one standalone restaurant, five parcels of land and certain related assets for $330.8 million.
December 10, 2018