Kenworth Dealer Rihm Acquires LTX Inc.
Kenworth dealership Rihm Family Cos. Inc. said it acquired LTX Inc., which owns Lawrence Leasing Inc., the operator of Lawrence NationaLease — a commercial truck leasing company with 15 locations in Minnesota, Wisconsin, and South Dakota.
January 20, 2017Great Western Acquires Quality Trailer Sales
Great Western Leasing and Sales acquired Quality Trailer Sales, expanding its network into the southwest U.S., and adding Heil Trailer to its product line, the company said.
January 20, 2017Kansas City Southern Profits Decline in Fourth Quarter
Kansas City Southern reported lower profits in the fourth quarter and full calendar year 2016 compared with the same period of 2015, although the freight railroad was most hurt due to foreign exchange rate losses from its international business.
January 20, 2017Pennsylvania Logistics Company Battles Ryder in Court Over Trade Secrets
A federal judge in Ohio has issued a split decision in the legal brawl that began last year after Cranberry, Pennsylvania based Pittsburgh Logistics Systems found out it was losing a customer that court papers indicate accounted for 32% of its business.
January 20, 2017Survey Shows Wide Partisan Gap Post-Trump in Consumer Sentiment
Republicans expect the U.S. economy to boom and Democrats see a bust after Donald Trump’s election as president, a sharp reversal from sentiment a few months before the vote, according to a University of Michigan consumer survey.
January 20, 2017USDOT Designates 10 Proving Grounds for Automated Vehicle Testing
Ten applicants in nine states have been designated as proving grounds for automated vehicle testing, the U.S. Department of Transportation announced Jan. 19.
January 20, 2017Americans Want to Rebuild Roads, Bridges But Not at Cost of Taxes, Poll Shows
Americans want a federal infrastructure program to focus on rebuilding aging roads and bridges, but are reluctant to use federal dollars for such projects, according to a Reuters poll released Jan. 19.
January 19, 2017Trump Will Act on Nafta, TPP ‘Very Shortly,’ Spokesman Says
President-elect Donald Trump won’t wait for Congress to confirm trade officials to act on his promises to withdraw from the Trans-Pacific Partnership trade deal and give notice he will renegotiate Nafta, press secretary Sean Spicer said.
January 19, 2017J.B. Hunt Posts Growth for Fourth Quarter, All of 2016
Intermodal and truckload carrier J.B. Hunt Transport Services posted gains in net income and revenue for the fourth quarter of 2016 and for the year, the Lowell, Arkansas-based company said Jan. 19.
January 19, 2017US Judge Approves Hanjin's Sale of Total Terminals International for $133 Million
A U.S. District Court bankruptcy judge has approved a $133 million dollar deal between Hanjin Shipping Co. and a terminal operating subsidiary of the Mediterranean Shipping Co. to purchase a majority share in Total Terminals International.
January 19, 2017