Sunoco Finalizes Deal for Brenco Marketing
Sunoco has completed its $24 million acquisition of Brenco Marketing Corp.’s fuel-distribution business.
October 22, 2018Mack, Volvo Enhance Over-the-Air Software Update Capabilities
Mack Trucks and Volvo Trucks have improved upon their over-the-air feature, which allows for updates to occur while a driver has downtime, such as while at a rest stop or home.
October 22, 2018Pilot Freight Opens New Salt Lake City Warehouse
Pilot Freight Services, a global provider of transportation and logistics services, has announced the opening of a 44,000-square-foot multiclient warehouse in Salt Lake City. The space will bolster Pilot’s network of West Coast clients to meet consumer needs, especially in response to the continually growing e-commerce industry.
October 22, 2018Cargo Boom Drives Carl Icahn’s $1.34 Billion Sale of American Railcar
Billionaire investor Carl Icahn agreed to sell American Railcar Industries Inc. for $1.34 billion, quintupling his investment as a freight boom spurs a rebound in demand for rail equipment.
October 22, 2018AxleTech, Thor Trucks Partner to Build Heavy-Duty E-Powertrain
AxleTech and Thor Trucks have partnered to create a fully electric commercial vehicle powertrain, according to an Oct. 16 press release. The two will integrate AxleTech’s e-axle technology with Thor’s proprietary battery technology.
October 22, 2018Wabco Reports Higher 3Q Net Income, Revenue From Uneven Markets
Commercial vehicle supplier Wabco Holdings Inc. reported third-quarter net income and revenue rose on gains in North America and India.
October 22, 2018Marathon Considers Selling High-Ethanol Gas in Minnesota
Marathon Petroleum Corp., the largest U.S. oil refiner after its $23.3 billion acquisition of rival Andeavor this month, is weighing a plan to start sales of high-ethanol gasoline at its stations in Minnesota, according to people familiar with the matter.
October 22, 2018Uber Launches Powerloop, a Trailer-Rental Business, to Build Drop-Freight Network
Uber Technologies Inc. has started Powerloop, a trailer leasing and rental business, to support drop-freight opportunities for carriers and shippers using its Uber Freight load-matching network.
October 22, 2018AB Volvo Posts Record Third Quarter, Higher Income and Revenue
AB Volvo notched a 38% gain in net income as record third-quarter revenue was lifted by stronger truck orders and deliveries.
October 22, 2018MCE 2018 to Focus on Cooperation, Trucking Industry Promotion
When trucking officials gather at the annual American Trucking Associations Management Conference & Exhibition in Austin, Texas, Oct. 27-30, the major theme they will hear is how the industry can work together nationally and locally to promote trucking.
October 20, 2018