Kentucky Trailer Acquires Majority Stake in CEI
Custom trailer and truck body manufacturer Kentucky Trailer announced it has acquired a majority stake in CEI Equipment Co., a provider of aluminum feed transportation equipment.
January 8, 2019New Hire, Performance Strategy Spur Union Pacific’s Resurgence
Union Pacific Corp. surged the most since 2009 after hiring a protege of railroading legend Hunter Harrison to guide the company’s shift to a new efficiency strategy.
January 8, 2019Opinion: What Shippers Can Expect in 2019
The year 2018 was a record one for freight markets. So what does 2019 have in store? Bob Farrell of GlobalTranz has some thoughts.
January 8, 2019Trump Lauds Progress After Day Two of Beijing Trade Talks
President Donald Trump expressed optimism that U.S.-China trade talks in Beijing are progressing well, as Chinese authorities planned to give a statement after the latest round of negotiations.
January 8, 2019US Eagle Ford Growth Seen Stalling in 2019 on Lower Prices
Drillers in the Eagle Ford, a Texas shale oil patch, likely will scale back activity in 2019 as lower crude prices eat into cash flows, according to consulting firm Rystad Energy AS.
January 8, 2019Beth Hendriks Named New Technology Chief at MercuryGate
MercuryGate International Inc., an SaaS-based transportation management system solutions provider, has named Beth Hendriks its new CTO. Hendriks will begin on Jan. 14.
January 8, 2019Diesel Average Drops 3.5¢ to $3.013 a Gallon
The U.S. average retail price of diesel dropped 3.5 cents to $3.013 a gallon, the U.S. Energy Information Administration reported Jan. 7, even as crude oil prices saw renewed vigor and broached the mark of $50 per barrel.
January 7, 2019Trucking Industry Expected to See Slower Growth in 2019
After a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high, the trucking industry is expected to remain strong in 2019 but undergo a bit of a cool-down, economists say.
January 7, 2019Savage Inland Marine Acquires Assets of Progressive Barge Line
Savage Inland Marine has acquired the assets of Progressive Barge Line, according to a Dec. 28 press release.
January 7, 2019Capitol Agenda for the Week of Jan. 7: The DeFazio Era Begins
Oregon Democrat Peter DeFazio was first elected to Congress in 1986. Now as the chairman of the Transportation and Infrastructure Committee, will he be the one to orchestrate an infrastructure funding plan? Here's the week ahead for trucking on Capitol Hill.
January 7, 2019