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, Technology, Equipment

Tech Air Acquires Scully Welding Supply, Propane Service Companies

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.

Transport Topics
December 11, 2018

Transport Topics Podcasts

RoadSigns podcast

Check out the latest podcast episodes of our RoadSigns and LiveOnWeb programs. Episode 1 of our Season Intersession of RoadSigns, "How Does Congress Say Trucking," is now available. Check back here often as new content is always being added!

Transport Topics
October 22, 2018
Business, Technology, Logistics

AIT Worldwide Logistics Acquires ConneXion

AIT Worldwide Logistics, a supply chain services provider, has acquired ConneXion World Cargo, a freight forwarder based in London.

Transport Topics
December 11, 2018
Business

FedEx Express President David Cunningham to Retire Dec. 31

David Cunningham and Rajesh Subramaniam 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
Business, Fuel

Diesel Drops 4.6¢ to $3.161 a Gallon in Eighth Straight Weekly Decline

Diesel 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.

Jim Stinson | Staff Reporter
December 10, 2018
Government, Business

Goodyear Gives Venezuelan Workers Severance Pay, 10 Tires as It Shutters Plant

Goodyear Venezuela 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.

Alex Vasquez and Andrew Rosati | Bloomberg News
December 10, 2018
Business, Equipment

Bridgestone Introduces Bandag BRSS All-Position Retread Tire

Bridgestone Americas Inc. announced its new Bandag BRSS all-position retread designed for fleets that work in on- and off-road environments.

Transport Topics
December 10, 2018
Business, Logistics, Top 50, Top 100, TCA

Online Holiday Shopping Expected to Logjam Delivery

USPS 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.

Holly Shively | Daily News (Dayton, Ohio)
December 10, 2018
Business, Fuel

Renewable Energy Group Names Cynthia Warner President, CEO

Cynthia 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.

Transport Topics
December 10, 2018
Government, Business

October Job Openings Rise to Second Highest on Record

hiring sign 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.

Christopher Rugaber | AP Economics Writer
December 10, 2018
Business

TravelCenters of America Completes Sale of Convenience Stores Business

TravelCenters 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.

Transport Topics
December 10, 2018

Pages