Some Shippers Implement Longer Payment Policies
Some shippers are taking longer to pay freight bills, forcing carriers and brokerage firms to accept either discounts on invoices paid within a shorter payment cycle or to absorb additional expenses associated with extending credit to customers.
June 27, 2017US Seeks NAFTA Changes
The Trump administration is moving to renegotiate terms of the North American Free Trade Agreement with Canada and Mexico, and a request from the Office of the U.S. Trade Representative for comments on how to proceed has drawn a plea from the trucking industry to reshape, but not scuttle the landmark trade deal.
June 19, 2017KAR Auction Services Acquires Transport Division of Dependable Auto Shippers
KAR Auction Services, a holding company for used vehicle auctioneer ADESA, Automotive Finance Corp. and Insurance Auto Auctions, a firm that resells total-loss vehicles, has purchased the vehicle transportation business of Dependable Auto Shippers, a company based in Mesquite, Texas, that filed for Chapter 11 bankruptcy in December.
May 25, 2017Richie Bros. Receives Go-Ahead to Complete Acquisition of IronPlanet
Ritchie Bros. has received the go-ahead from the U.S. Department of Justice to complete its $758.8 million acquisition of online auctioneer IronPlanet.
May 24, 2017Polaris Transportation Group Acquires Canadian Truckload, Warehousing Firm
Polaris Transportation Group announced it has acquired chemical hauler J.G. Drapeau Ltd. and sister firm Commercial Warehousing Ltd. as part of a plan to grow and diversify its business. All of the companies are based in Toronto.
May 23, 2017Swift Kicks Off Digital Campaign to Tout Trucking to Young Workers
Swift Transportation Co. is reaching out to young people with a digital marketing campaign that promotes the company’s culture, size and emphasis on job advancement.
May 15, 2017Drivers Inducted Into NPTC/Lytx Hall of Fame
CINCINNATI — Four truck drivers earned the highest honor of their careers with their induction into the National Private Truck Council/Lytx Inc. Driver Hall of Fame at the NPTC annual education management conference and exhibition.
May 8, 2017Suppliers Scrambling to Provide Technology to Help Private Fleets Meet New Regulations
CINCINNATI — Shipper-owned fleets are ramping up the use of technology to help meet new federal regulations related to the transportation of food, the adoption of electronic logs for drivers and making their trucking operations more efficient.
May 8, 2017Beam Brothers Gives Up Postal Service Contracts
Mail contractor Beam Brothers Trucking agreed to turn over its contracts with the U.S. Postal Service to Eagle Express Lines Inc., while top executives of Beam Brothers prepare to defend themselves against federal charges.
May 3, 2017Trump Orders Review of Regs for Farmers
President Donald Trump signed an executive order aimed at promoting agriculture and rural prosperity by cutting regulations for farmers and food processors.
May 1, 2017