Shippers Discuss ELDs, Intermodal in Cowen Survey
Shippers expect to put more freight on railroads next year as concern persists about how the electronic-logging device mandate will tighten trucking capacity in 2018, according to a Cowen and Co. survey.
October 3, 2017Celadon Acknowledges Active SEC Investigation
Celadon Group Inc. offered new information into its financial situation while confirming it is under a Securities and Exchange Commission investigation into the value of used trucks donated to a joint venture company.
October 3, 2017Wabco Finalizes Purchase of Meritor’s Share in Joint Venture
Wabco Holdings Inc. has completed its $250 million purchase of Meritor Inc.’s stake in their joint venture, formalizing the end of the 27-year arrangement.
October 3, 2017Guardrail Maker Wins Reversal of $663 Million Judgment
Guardrail maker Trinity Industries Inc. won’t have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail safety system.
October 3, 2017Berkshire Hathaway Buys 38.6% of Pilot Flying J
Warren Buffett’s Berkshire Hathaway Inc. bought a stake in Pilot Travel Centers LLC, owner of the Pilot Flying J truck stop chain, and detailed plans to become the company’s biggest shareholder in six years.
October 3, 2017Pennsylvania Proposes 6% Warehouse Tax
Pennsylvania is floating a tax on warehouse services as a way to help close the budget gap, a move critics say could threaten the fastest-growing sector of the Lehigh Valley economy and force customers of third-party logistics providers to relocate to neighboring states.
October 3, 2017More Fleets Boost Driver Pay as Freight-Hauling Capacity Tightens
Increased demand for freight hauling is putting more pressure on motor carriers to raise compensation for drivers.
October 3, 2017Cummins to Develop Next-Generation Engine for Military Combat Vehicles
Cummins Inc. signed a $47.4 million contract to develop and demonstrate a technologically advanced engine for the next generation of U.S. combat vehicles.
October 2, 2017Capitol Agenda for the Week of Oct. 2: Seriously, ELD Mandate Is Happening
Failed attempts in court and on Capitol Hill to delay the upcoming electronic logging device mandate have done little to discourage critics of the rule who continue to push for a delay. Here's the week ahead for trucking on Capitol Hill.
October 2, 2017Genuine Parts Expands to Europe With Purchase of Alliance Automotive Group
Genuine Parts Co. has agreed to buy Alliance Automotive Group, a leading distributor of vehicle parts, tools and equipment in Europe, for $2 billion from Blackstone Private Equity and a management group that has owned the company since 2014.
October 2, 2017