Maersk Shares Plunge as Container Line Underperforms
A.P. Moller-Maersk A/S reported an unexpected loss after its container line, the world’s biggest, conceded market share and rising costs outpaced freight rates.
May 17, 2018Australian Ambassador Tells Lawmakers to Consider Infrastructure Privatization
WASHINGTON — With many American policymakers struggling to identify a long-term path for funding their big-ticket infrastructure projects, Australia’s ambassador to the United States has proposed a rather simple approach: privatize the projects.
May 17, 2018Class 8 Sales Up 37% in April
U.S. retail sales of Class 8 trucks in April climbed 37% to nearly 19,000 units as all truck makers posted double-digit gains, WardsAuto.com reported. One key supplier said parts are flowing in from around the globe to meet the demand — which is expected to build this year.
May 16, 2018Roadrunner Continues Consolidation Efforts
Roadrunner Transportation Systems on May 15 continued the consolidation of its business divisions, moving its air transportation units into one integrated brand with a single management team and marketed as Active On-Demand.
May 16, 2018Trump’s China Tariffs Will Pinch US Consumers, Retailers Warn
Americans will pay more for everything from big-screen TVs to school supplies if the Trump administration follows through on threats to slap tariffs on Chinese imports, U.S. retailers warned.
May 16, 2018Metro Supply Chain Group Expands Home Delivery, Warehousing Operations in Canada
Metro Supply Chain Group has completed two acquisitions designed to boost its home delivery services and expand its warehousing and distribution operations for consumer packaged goods in Canada.
May 16, 2018FedEx CEO Fred Smith Sees Blockchain as ‘Next Frontier’ for Logistics
Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo.
May 16, 2018Endurant Transmission Now Available on International LT, LoneStar Models
Eaton Cummins Automated Transmission Technologies announced its new Endurant 12-speed automated transmission now is available on International LT Series and LoneStar trucks.
May 16, 2018TMC Conference to Focus on Cybersecurity, Truck Diagnostics
As companies become more interconnected, executives need to have a broader understanding of their entire firm and the way divisions — once thought of as separate and distinct — interact with each other.
May 16, 2018CVSA Symposium Emphasizes Advances in Brake Technology
SCHAUMBURG, Ill. — The trouble with brakes is that so many things can go wrong. That was one of the takeaways from the first day of a two-day Commercial Vehicle Safety Alliance brake symposium aiming to educate motor carriers, commercial vehicle inspectors and technicians on the latest advances and challenges in keeping brakes in good working order.
May 16, 2018