Group Devises Recommendations to Protect Consumers Against Mover Fraud
A federally appointed working group on household goods tackled recommendations for the Federal Motor Carrier Safety Administration that aim to better inform consumers of moving fraud and streamline paperwork for brokerage and moving companies.
June 29, 2017Ridge, FlexSys to Apply Shape-Morphing to Truck Aerodynamics
Ridge Corp. teamed with aerospace technology company FlexSys Inc. to apply its advanced technology to aerodynamic devices used in the trucking industry to reduce drag and improve fuel efficiency.
June 29, 2017Volvo Touts New Piston Design That Helps Enhance Fuel Efficiency
A new design in engine pistons is increasing fuel efficiency and reducing particulate matter in Volvo Trucks North America’s heavy-duty D11 and D13 engines.
June 29, 2017UPS to Freeze Pension Plans for Nonunion Employees
UPS Inc. will freeze its pension program for 70,000 nonunion employees in five years and replace it with 401(k) accounts, the nation’s largest package delivery company announced June 27. UPS, which said the move is a reaction to rising pension deficit, joins other large corporations that have phased out traditional retirement plans.
June 29, 2017FedEx’s TNT Unit ‘Significantly’ Affected by Cyberattack
FedEx Corp. said the worldwide operations and communications systems of its TNT Express unit in Europe have been “significantly” affected by a cyberattack, causing delays in deliveries.
June 29, 2017Steady Home-Price Gains in 20 US Cities Show Weak Inventory
Sustained increases for home prices in 20 U.S. cities in April indicate the housing industry is juggling stable demand with a shortage of inventory.
June 28, 2017Consumer Confidence Unexpectedly Rises
An unexpected rebound in U.S. consumer confidence reflects a buoyant labor market and improved business conditions.
June 28, 2017Saddle Creek Logistics to Open $12 Million Pennsylvania Facility
Saddle Creek Logistics Services has leased a 249,000-square-foot distribution facility in Pittston Township, Pa., near a new FedEx hub.
June 28, 2017Cargo Owners Face 2.3% Increase in PierPass Fee at West Coast Ports Aug. 1
Cargo owners will soon pay more to have trucking companies pick up their containers after the West Coast Marine Terminal Operators Agreement announced a 2.3% increase in the PierPass fee effective Aug. 1.
June 28, 2017World’s Largest Container Line Hit By Global Cyber Attack
Maersk said its customers can’t use online booking tools and its internal systems are down. The attack is affecting multiple sites and units, which include a major port operator and an oil and gas producer.
June 28, 2017