Commonwealth Business Media is buying the Journal of Commerce Group, which puts out transportation industry publications such as JoC Week magazine, joc.com, Traffic World and Florida Shipper.

Terms of the agreement were not disclosed, but the transaction is expected to close at the end of September.
The business will continue to have its headquarters in Newark, N.J.
Commonwealth Business Media was formed last October in a management-led buy-out of Primedia Information. It is a leading provider of information to the international trade and transportation market, as well as the performing arts and commercial credit industries.
The Economist Group says the Journal of Commerce Group is no longer a strategic fit as that company focuses its resources on "developing global media brands for an international audience."
It is an excellent fit for Commonwealth, however, which aims to be "a global leader in the international trade and transportation markets."