MUFG Union Bank to Acquire Trade Payable Services
Mitsubishi UFJ Financial Group Union Bank, a subsidiary of MUFG Americas Holdings, will acquire Trade Payable Services, a supply chain finance platform, from GE Capital, per a Jan. 16 press release. Terms were not disclosed.
January 24, 2019Editorial: Watching the Slowdowns, Ending the Shutdown
A gangbusters year marked by soaring freight rates and frenzied order and sales activity for equipment ended on a soft note, as December saw reported declines in both truck tonnage and trailer orders. It had to happen eventually, but some may feel cheated that the industry didn’t get to close out this otherwise stellar year on a high note.
January 24, 2019Experts Discuss Autonomous Tech’s Effect on Freight
WASHINGTON — As they become more prevalent, autonomous technologies will bear a bigger impact on freight transportation, according to panelists assembled at the U.S. Conference of Mayors’ winter meeting.
January 24, 2019U.S. Xpress Moves to Divest U.S.-Mexico Trucking Operations
U.S. Xpress Enterprises has decided to cut back on its cross-border trucking operations, agreeing to sell its terminal in Laredo, Texas, along with 700 dry van trailers and divest its ownership of Xpress Internacional, a company based in Mexico that U.S. Xpress has operated since 2007.
January 24, 2019Ryder Expands Truck-Sharing Platform to South Florida
Ryder System Inc. announced it has expanded its digital truck-sharing platform, Coop by Ryder, to South Florida.
January 24, 2019Government Shutdown Strains Emerge in US Air Travel System
The strain of a 34-day partial government shutdown is weighing on the nation’s air-travel system, both the federal workers who make it go and the airlines that depend on them. Air traffic controllers and airport security agents continued to work without pay — they will miss a second biweekly paycheck Jan. 25 — but high absentee rates raise the threat of long airport lines, or worse.
January 24, 2019Union Pacific, CSX, Reflect Solid Economic Growth
OMAHA, Neb. — The economy appears strong to the major freight railroads that haul the products and raw materials companies rely on, but the lingering trade disputes could derail business if they continue.
January 24, 2019Appeals Court Rejects Challenge to California’s Low-Carbon Fuel Standard
An appeals court has rejected a challenge by a group of trade and energy organizations to block California’s low-carbon fuel standard aimed at reducing the rate of greenhouse gas emissions in the state’s transportation sector.
January 24, 2019Railcar Loads for Canadian Oil Hit Record Amid Pipeline Bottleneck
Heavy Canadian crude isn’t getting cheaper, but that hasn’t stopped companies from splurging on costly rail shipments.
January 24, 2019CARB Aggressively Pursues Tougher NOx and PM Emissions Reductions
California environmental regulators are aggressively moving forward with plans to require significant reductions in nitrogen oxides and particulate matter emissions for heavy trucks, improvements in “real time” on-board diagnostics, and lengthening the “useful life,” durability and warranty periods for heavy trucks.
January 24, 2019