Transport Topics
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TransForce Inc. agreed to sell its waste management division to Canada's GFL Environmental Inc. for C$800 million ($606.1 million) as the seller moves to focus on its other trucking business.
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Electronics manufacturer CTS Corp. acquired start-up firm Filter Sensing Technologies, which has expertise in radio-frequency measurement and control sensors for transportation applications, including in heavy-duty trucks.
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The U.S. economy expanded at a slower pace in the third quarter as companies took advantage of gains in consumer and business spending to reduce bloated stockpiles.
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Old Dominion Freight Line generated more third-quarter profits and brought in more revenue than during the same time last year, overcoming rising complaints in the less-than-truckload sector that problems among manufacturers are cutting in sharply to LTL freight volumes.
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