For-Hire Trucking Gains 1,700 Jobs in July
For-hire trucking gained 1,700 jobs in July, and the unemployment rate held steady at 4.9%, the Labor Department reported Aug 5.
August 5, 2016Trade Gap Widens to Almost One-Year High of $44.5 Billion
The U.S. trade deficit widened in June to an almost one-year high as the price of oil jumped and American companies imported more consumer goods.
August 5, 2016Epes Purchases Epic Logistics to Enhance Freight Brokerage Business
Epes Logistics Services Inc. has acquired Epic Logistics in a deal made official on July 29, adding new resources for parent company Epes Carriers Inc. Terms of the deal were not disclosed.
August 4, 2016ZF Friedrichshafen Makes Offer to Acquire Haldex
ZF Friedrichshafen AG has made an offer for Haldex AB, a supplier of brake products and air suspension systems for commercial vehicles, for about $520 million, or $12 per share.
August 4, 2016FAST Act Changed TIFIA Rules, DOT Says
Rules governing the U.S. Department of Transportation’s main financing mechanism, Transportation Infrastructure Finance and Innovation Act loans, were changed by the implementation of the FAST Act in December 2015.
August 4, 2016XPO Logistics Earns $42.6 Million, First-Ever Profit
XPO Logistics Inc. posted its first-ever profit, earning $42.6 million, or 35 cents per share, as results improved in the less-than-truckload and last-mile services as well as European logistics activity.
August 4, 2016Kottke Trucking Makes Acquisition to Increase Florida Presence
For-hire carrier Kottke Trucking Inc. purchased Walbon & Co. in a deal made official Aug. 4. It will provide the refrigerated carrier new routes, tractor-trailers and a Florida terminal.
August 4, 2016Port of Virginia Readies to Take on Savannah
HAMPTON ROADS, Va. — The Port of Virginia is expanding within the next five years in an effort to attract larger vessels traveling through the Panama Canal, according to a presentation during an Aug. 3 sightseeing visit for Congressional staffers and the media.
August 4, 2016Commercial Vehicle Group to Close Three Midwest Facilities
Cab-related products and systems supplier Commercial Vehicle Group Inc. announced that it would close three U.S. facilities in the Midwest beginning in the third quarter of the year in connection with a cost-reduction and restructuring plan it announced in 2015.
August 4, 2016Port Tampa Bay Signs Partnership Deal with Ports America Through 2046
Port Tampa Bay renewed an agreement with Ports America to continue operating its container terminal through May 2046, according to a news release.
August 4, 2016