Penske Logistics will acquire Epes Transport System, a Greensboro, N.C., dry-van truckload and dedicated contract carriage provider, with more than 1,100 drivers. Terms were not disclosed.

Two former executives of carrier Roadrunner Transportation Systems were charged June 15 by the U.S. Department of Justice with multiple counts of conspiracy and wire and securities fraud in a scheme that the department claims led to a loss of $245 million in shareholder value.

Truck tonnage rose 7.8% in May compared with the same month last year, according to American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index. The index was up 0.7% in May compared with April.

The U.S. average retail price of diesel fuel fell 2.2 cents to $3.244 a gallon, the third week in a row of moderate declines, according to the weekly report June 18 from the U.S. Department of Energy’s Energy Information Administration.

The summer has brought heat to mergers and acquisitions in the logistics sector, led by private equity firm The Jordan Co. moving aggressively to gather several firms under its umbrella.

The economy and trucking are in good shape for the second half of this year despite issues including the driver shortage. But uncertain trade policy is having an impact on future expansion, according to three industry experts who spoke June 7 at American Trucking Associations’ 2018 National Accounting & Finance Council annual conference in Raleigh, N.C.

The U.S. average retail price of diesel fuel fell 1.9 cents to $3.266 a gallon, following a .3 cent decline a week ago, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration on June 11. Despite the drop, diesel now costs 74.2 cents more per gallon than it did one year ago.

South Korea’s CJ Logistics will take majority control of Des Plaines, Ill.-based DSC Logistics in a deal expected to close in the third quarter.

The rise in freight being carried nationwide led to a rise in truck driver turnover in the first quarter as large trucking firms demanded more qualified drivers to transport goods.

RALEIGH, N.C. — Fleets saw their roadside breakdowns increase by 21% in the first quarter this year compared with the fourth quarter of 2017, according to the Truckload Vertical Benchmarking Study from American Trucking Associations’ Technology & Maintenance Council and FleetNet America.