Savi Technology Names Jeffrey Friedman Chief Financial Officer
Savi Technology named Jeffrey Friedman chief financial officer, citing his more than 30 years of financial management for public and private companies operating in the technology, telecommunications and software industries.
October 6, 2017Titanium Acquires Canadian Van/Flatbed Carrier Xpress Group
Titanium Transportation Group has acquired Canadian dry van truckload and flatbed carrier Xpress Group, based in Windsor, Ontario, for C$3.1 million in cash and the assumption of C$5.2 million in debt.
October 6, 2017Analysis: To Understand Amazon’s Delivery Ambitions, Consider the Long Game
In the future—and you have to look far ahead when considering the movements of CEO Jeff Bezos—Amazon could expand the services to any merchant selling anything to anyone. This would push it deeper into the territory of UPS and FedEx.
October 6, 2017US Payrolls Fall for the First Time Since 2010 on Storms
The number of workers on U.S. payrolls declined last month for the first time since 2010, reflecting major disruptions from hurricanes Harvey and Irma, Labor Department figures showed Oct. 6. The jobless rate fell to a new 16-year-low while wage gains accelerated.
October 6, 2017Editorial: Trucking Is a Hot Property
One of the nation’s highest-profile investors has decided that he needs to put some money into trucking, a move based on the assumption the industry is a hotbed of activity right now.
October 5, 2017FHWA Nominee: Tolls, P3s Options to Fund Infrastructure Projects
Tolling systems and public-private partnerships are viable alternatives to traditional sources of infrastructure funding, such as revenue generated from fuel taxes, the nominee to lead the country’s vast network of highways told a Senate panel on Oct. 5.
October 5, 2017Consumer Comfort Declines by Most in a Year on Finances
Americans’ confidence suffered its biggest weekly setback in more than a year as optimism about personal finances slumped, Bloomberg Consumer Comfort Index figures showed Oct. 5.
October 5, 2017Berkshire Hathaway to Buy Majority of Pilot Flying J in Two-Step Process
Warren Buffett’s Berkshire Hathaway Inc. investment company bought a minority stake in Pilot Travel Centers LLC, owner of the Pilot Flying J truck stop chain, and will become the majority shareholder in six years.
October 5, 2017Hacking Risk Is What Worries Americans Most About Driverless Vehicles
U.S. residents are “polarized” on whether to embrace driverless cars, according to a survey by insurer American International Group Inc.
October 5, 2017Rhode Island Pulls Back Funding For Truck-Related Programs
Due to delays in the state Legislature and an unexpected dearth of resources, Rhode Island’s government has made changes to funding for programs pertinent to the trucking industry.
October 5, 2017