M7 Auto Transport Emerges From Bankrupted Auto Strap Transport
M7 Auto Transport has announced its grand opening. The launch came after the auto hauler acquired the assets of Auto Strap Transport, which filed for bankruptcy in late 2017.
January 10, 2019Jobless Claims Fall to Four-Week Low in Tight Labor Market
U.S. filings for unemployment benefits fell to a four-week low even amid a partial federal government shutdown, showing healthy demand for workers at the start of the year.
January 10, 2019Ford’s Global Cost Purge Hits Europe With Thousands of Job Cuts
Ford Motor Co. said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years.
January 10, 2019EU Trade Chief to Continue Talks With US
The European Union’s trade chief, Cecilia Malmstrom, will continue talks with her U.S. counterpart Jan. 10, after the two met earlier the week of Jan. 7 in an effort to tamp down escalating commercial tensions, according to the European Commission.
January 10, 2019Fiat Chrysler Said to Settle Civil Suit on Diesel-Emissions Violations
Fiat Chrysler Automobiles NV will pay hundreds of millions of dollars to settle a lawsuit brought by the U.S. Justice Department, which alleged some of its diesel-powered vehicles violated clean-air rules, a person familiar with the matter said.
January 10, 2019Former Sears CEO Raises Offer in Bid to Keep Company Open
Eddie Lampert’s ESL Investments submitted an improved offer of more than $5 billion in an attempt to keep Sears Holdings Corp. in business.
January 10, 2019New Postal Service Business Model Creates Opportunity for Growth, Consolidation Among Private Mail Haulers
A new distribution strategy by the U.S. Postal Service is forcing fundamental changes in the way private mail contractors operate and is leading to a surge in consolidation activity.
January 10, 2019Even in Shutdown, Pelosi and House Democrats’ Legislative Priorities Include Infrastructure
High on the list of priorities for the new Speaker of the U.S. House of Representatives is funding for infrastructure projects, something transportation officials and freight executives around the country agree is badly needed for reducing congestion and to boost regional economies.
January 10, 2019Skills Testing Delays Cost US Economy $1.5 Billion, CVTA Study Says
Commercial driver skills testing delays are responsible for $1.5 billion in annual economic losses for the U.S. economy and more than 6.4 million days of delays for new drivers, according to new research commissioned by the Commercial Vehicle Training Association.
January 10, 2019Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business
Shareholders of Roadrunner Transportation Systems, who have seen the value of their holdings plummet following a finance scandal that led to the dismissal of several top executives more than a year ago, are being given a chance to buy more stock — 900 million shares to be exact — at 50 cents a share as part of an effort by new management to recapitalize the business.
January 9, 2019