Former ATA Chairman James McCormick Dies at 92
C. James McCormick, who lunged into trucking and became chairman of American Trucking Associations, died on May 22. He was 92.
May 24, 2017Richie Bros. Receives Go-Ahead to Complete Acquisition of IronPlanet
Ritchie Bros. has received the go-ahead from the U.S. Department of Justice to complete its $758.8 million acquisition of online auctioneer IronPlanet.
May 24, 2017Roadrunner Moves Headquarters to Illinois; Terence Rogers Named CFO
Roadrunner Transportation Systems Inc. has hired Terence Rogers as chief financial officer, replacing Peter Armbruster, who was terminated March 29 after the carrier was forced to restate earnings reports from 2014 onward because of two accounting errors.
May 24, 2017Daseke to Begin Employee Stock Grants in June
Flatbed group Daseke Inc. announced some of the details associated with its grant of publicly traded shares to employees, especially drivers.
May 24, 2017Home Prices Rose 6% in First Quarter as Supply Tightened
Home prices in the United States increased 6% in the first quarter from a year earlier as competition heated up for a scarcity of listings.
May 24, 2017Polaris Transportation Group Acquires Canadian Truckload, Warehousing Firm
Polaris Transportation Group announced it has acquired chemical hauler J.G. Drapeau Ltd. and sister firm Commercial Warehousing Ltd. as part of a plan to grow and diversify its business. All of the companies are based in Toronto.
May 23, 2017Trump’s Infrastructure Plan Calls for Minimizing Tolling Restrictions
States would be allowed to determine whether tolling is an ideal funding option for road projects, under an infrastructure blueprint included in the Trump administration’s fiscal 2018 budget request to Congress.
May 23, 2017Tonnage Drops in April Despite Optimism Among Trucking Execs
Truck tonnage fell 1.8% in April compared with 2016 levels despite fleets generally reporting positive conditions in the month, according to the latest monthly data from American Trucking Associations.
May 23, 2017Capitol Agenda for the Week of May 23: A Vow From Rep. Graves
The Trump administration is unveiling its fiscal 2018 budget request right before we all hit the road for Memorial Day and get stuck in that bumper-to-bumper traffic. But relief is in sight if Rep. Sam Graves has anything to say about it. Here's the week ahead for trucking on Capitol Hill.
May 23, 2017New-Home Sales Fall More Than Expected
A larger-than-forecast decline in new-home purchases in April from the strongest pace in almost a decade indicates a pause in demand in the midst of the busy spring selling season, government data showed May 23.
May 23, 2017