Hair Testing Provisions Enacted as Part of Opioid Measure
President Donald Trump on Oct. 24 signed into law legislation aimed at tackling opioid abuse.
October 25, 2018Groendyke Transport Announces Largest Acquisition in Company History
Groendyke Transport Inc. has agreed to purchase the tank truck assets of McKenzie Tank Lines, a bulk carrier based in Tallahassee, Fla., for an undisclosed amount.
October 25, 2018Top For-Hire Carriers Contribute to Freight Congressional Leaders in Midterms
UPS Inc. and FedEx Corp., the top two for-hire carriers in North America, have contributed to the re-election efforts of freight transportation leaders from both parties in Congress, according to a review of public records.
October 25, 2018US Capital-Equipment Orders Fall for Second Consecutive Month
Orders placed with U.S. factories for business equipment declined in September for a second month, a sign momentum in capital investment has paused as global trade concerns persist, Commerce Department figures showed Oct. 25.
October 25, 2018Daimler Reports Lower 3Q Results Despite Gains in North American Truck Sales
Daimler AG reported lower net income and revenue in the third quarter despite gains at its North American truck business. The company — the world’s largest luxury car manufacturer also is the largest truck maker — had forecast the results in recently released guidance.
October 25, 2018Blockchain-Based dexFreight Completes First Truckload Shipment
Decentralized logistics platform dexFreight announced Oct. 24 that it had completed its first shipment — of frozen foods — using a blockchain-based contract system.
October 25, 2018Mullen Group’s Trucking Segment Bolsters 3Q Results
Mullen Group reported strong revenue growth in its Canadian trucking business and expanded its oil field transportation services with a couple of key acquisitions, but the company’s profits dipped in the third quarter of 2018 as it dealt with rising costs and a decline in the value of the Canadian dollar.
October 25, 2018Chevron Agrees to $160 Million Upgrade, Fines to End Pollution Probe
SAN FRANCISCO — Federal officials said Oct. 24 that Chevron Corp. has agreed to pay a nearly $3 million fine and spend $160 million on environmental improvements and upgrading oil refineries to resolve allegations the company violated pollution laws.
October 25, 2018Tesla Profit Blowout Reverses Much of Elon Musk’s Damage to Stock
Tesla Inc. blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.
October 25, 2018Money-Losing Postal Service Hopes Trump Will Allow it to Alter Prices
A sobering review of the U.S. Postal Service by its inspector general finds that the agency’s ambitious 2015 “Window Change” program, which saves money by slowing letter delivery and closing and consolidating mail-processing centers, has cost more and saved far less than planned.
October 25, 2018