Financing Hitches Could Delay Hapag-Lloyd-UASC Shipping Merger
A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Co. likely will take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say.
December 20, 2016Diesel Average at Highest Price in 2016, Up 3.4¢ to $2.527
The U.S. average retail price of diesel jumped 3.4 cents to $2.527 a gallon, according to the Department of Energy, as the price of oil hovered near $52 a barrel.
December 19, 2016Maverick Acquires Marine Transport Inc.
Maverick USA Inc. said it acquired substantially all of the assets of Marine Transport Inc., which is based in Au Gres, Michigan, including about 25 tractors and 80 trailers.
December 19, 2016Truckers, Volunteers Brave Icy Conditions to Lay Wreaths, Honor Vets
Neither rain nor snow nor sleet would keep professional truck drivers Ralph Garcia and Nate McCarty of ABF Freight from completing their appointed rounds on Dec. 17, and that meant delivering wreaths to Arlington National Cemetery in Arlington, Virginia, in their Share the Road truck.
December 19, 2016Ohio Eyes Self-Driving Trucks, Cars Tests
An ambitious plan to build a 500-acre specialty testing site in East Liberty, Ohio, for driverless cars and commercial trucks could go a long way toward cementing Ohio’s status as a key location for developing and proving the technology that looks to be a lock for the future of the automotive industry.
December 19, 2016Surge in Online Ordering Has Package Delivery Firms Hopping
A surge in online holiday shopping has national package delivery companies gearing up for record shipping days heading into Christmas and Hanukkah.
December 19, 2016Proper Truck Tire Pressure On the Go, Promises California Firm
The lightbulb moment came when Brandon Richardson, a former Detroit automotive engineer, had a tire go flat because it was underinflated.
December 19, 2016Amazon Drivers Say They Are Pushed to the Limit in Holiday Delivery Frenzy
There are few things more important to Amazon.com than delivery. A large part of the reason the retailer is valued at $360 billion is that it has managed to get customers the things they want, cheaper and faster than its competitors.
December 19, 2016Trump's Infrastructure Splurge Would Collide With Skilled Labor Crunch
President-elect Trump proposes to rebuild U.S. roads, bridges, ports and other public works projects with a $1 trillion infrastructure investment plan as the country faces a shortage of skilled laborers.
December 19, 2016Virginia Port Authority Foreign-Trade Zone Now Crosses Into North Carolina
Talk of foreign-trade zones is enough to make some folks’ eyes glaze over, but if your business involves moving stuff in and out of ports, FTZs can be a big deal.
December 19, 2016