Medium-Duty Truck Sales Increase 7.7% in September
Retail sales of medium-duty trucks rose 7.7% in September compared with the year earlier period, according to data from Wards Intelligence.
Yellow Aims to Appoint Auction Houses for Rolling Stock Sale
The administrators of Yellow Corp. aim to use auction houses to sell off the bankrupt less-than-truckload carrier’s rolling stock, according to court filings.
J.B. Hunt Q3 Profit Slides 30.4% Year-Over-Year
J.B. Hunt Transport Services posted a 30.4% year-over-year decrease in profits in the third quarter, undershooting analyst expectations as revenues declined at each of the carrier’s operating units.
Phoenix Hydrogen Hub Takes a Step Forward With Plug Power
Fortescue Future Industries’ Phoenix Hydrogen Hub in Arizona moved another step closer to fruition after it inked a memorandum of understanding with Plug Power for equipment.
Relay Launches Freight Payment System for Brokers
Relay Payments is to start offering a freight payment option specifically targeted at brokers called RelayDirect, the company said Oct. 17.
Sysco to Buy Food Service Distributor Edward Don & Co.
Sysco Corp. is to buy Chicago-based food service equipment and supplies distributor Edward Don & Co. for an undisclosed sum, the S&P 500 member said.
Hyliion Reviewing Electric Powertrain Business Options
Hyliion Holdings Corp. is reviewing options for its electric powertrain business, including selling it, the original equipment manufacturer said, citing a need to raise funds as costs rise.
Yellow Extends Bid Deadline for Trucks, Trailers
Yellow Corp. has rescheduled the bid deadline for its fleet of trucks and trailers, according to court documents related to the shuttered carrier’s ongoing bankruptcy proceedings.
Estes Rating, Quoting System Returns to Action After Cyberattack
Estes Express Lines late Oct. 12 said its rating and quoting system, as well as telephone lines and email access, were again operational following a cyberattack earlier in the month.
Estes: Many Core IT Systems Operational Again After Attack
Estes Express Lines on Oct. 6 said a large share of its core IT infrastructure systems were “once again operational” following a cyberattack earlier in the week.