Forward Air Plans Merger With Omni Logistics
Forward Air Corp. and Omni Logistics announced Aug. 10 that they have entered into a definitive agreement to combine in a cash-and-stock transaction.
August 10, 2023FY24 Funding Bills to Top Agenda After Recess, Schumer Says
Ensuring federal agencies are funded through fiscal 2024 will lead the Senate’s agenda when members return to Washington after the August recess, the chamber’s leader indicated recently.
August 10, 2023Trucking Industry Reports Predictably Weak Q2
The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.
August 10, 2023Truck Stop Coming to Rural North Carolina Highway
A $1.6 million U.S. Department of Commerce grant to a southwestern North Carolina town is paying for new infrastructure to support opening a Love’s Travel Stop with truck parking.
August 10, 2023House Leaders Seek to Limit Acting Secretary Julie Su’s Term
Legislation aimed at preventing an acting head of the Department of Labor from remaining in the job indefinitely was recently introduced in the U.S. House of Representatives.
August 10, 2023Inflation Rises for First Time in a Year to 3.2% Rate
WASHINGTON — Inflation rose in July after 12 straight months of declines, boosted by costlier housing. But core inflation matched the smallest monthly increase in nearly two years.
August 10, 2023Cruise, Waymo Face Pivotal Vote in San Francisco
SAN FRANCISCO — California regulators are poised to decide whether robotaxi services Cruise and Waymo can provide around-the-clock rides throughout San Francisco.
August 10, 2023Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts
Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.
August 9, 2023Proterra Got Millions in US Aid Before Bankruptcy
Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in COVID relief government aid.
August 9, 2023FRA Finds Norfolk Southern ‘Should Be Doing More’ on Safety
OMAHA, Neb. — Norfolk Southern made recent improvements but is nowhere near the “gold standard for safety” it is striving to be, according to federal regulators.
August 9, 2023