I Squared Capital acquired a majority stake in FlexiVan Leasing Inc., the private equity firm said. As a result, the company said it is merging FlexiVan with American Intermodal Management.

Union Pacific Corp.’s 2019 fourth-quarter earnings missed Wall Street expectations, the Class I railroad reported Jan. 24.

One month after the International Maritime Organization’s mandate prohibiting the use of heavily polluting bunker fuel in cargo and cruise ships began, oil industry analysts said the diesel fuel market is stable.

An agreement has been reached to sell the last remaining operating trucking company, Taylor Express, that is part of the now-bankrupt Celadon Group of Indianapolis.

As the nation’s major ports add up the number of 20-foot-containers processed at their facilities in 2019, the numbers either slightly exceeded or came close to breaking 2018’s record-level figures, despite a year of diminished trade with China because of the Trump administration’s tariffs.

In his annual State of the Port address Jan. 16, Port of Los Angeles Executive Director Gene Seroka cautioned that using tariffs to punish rival trading partners may be “the new normal.”

Truck tonnage for 2019 increased 3.3%, softer than year-ago levels but continuing a streak of annual gains, American Trucking Associations announced Jan. 21.

A federal judge in San Diego on Jan. 16 issued a preliminary injunction against the trucking component of a California law that would restrict how independent workers can be classified by companies. The judge’s ruling means the state of California cannot implement the law as it pertains to the trucking industry.

Judge Roger Benitez of the Southern District Court of California on Jan. 13 extended a temporary restraining order against the implementation of the trucking component in California’s Assembly Bill 5.

Chassis manufacturer CIMC Intermodal Equipment is readying a name change to CIE Manufacturing and has plans to move container chassis production to the United States from China.