CMA CGM Said Near $2.4 Billion Cash Offer for Neptune Orient
French ocean carrier CMA CGM SA is nearing a definitive offer to buy Neptune Orient Lines Ltd. for about S$3.4 billion ($2.4 billion), people with knowledge of the matter said, consolidating its position in an industry facing its worst year since 2009.
December 7, 2015Household Goods Mover Suddath Acquires Secor
The Suddath Cos., one of the nation’s largest household goods movers, announced it has acquired The Secor Group, a moving and storage firm that has been in business for 125 years.
December 7, 2015Driver Coercion Rule Issued
Federal regulators last week issued a final rule that prohibits fleets as well as shippers and brokers from coercing truck drivers to violate hours-of-service and other safety regulations.
December 7, 2015Letter: Nonpreventable Crashes and Predictability
I disagree with the conclusion that removing nonpreventable crashes will result in significant changes in carriers’ CSA Crash Indicator BASIC percentile scores.
December 7, 2015Opinion: Small Trucking Businesses Face Challenges
This is an interesting period in terms of the latest business challenges that truckers face — especially for “small-business” independent truck enterprises.
December 7, 2015Editorial: Carriers Enjoy the Gift of Delivery
Like life-giving rain on parched land, the December gift and package season brings joy and happiness to the recipients of holiday-themed freight and necessary sustenance to the people and carriers who deliver it.
December 7, 2015Growth of Web-Based Sales Lifts Start of Holiday Season
The early holiday shipping season featured more online purchases, which could help to ensure smooth package delivery flow, experts said.
December 7, 2015House, Senate OK Final Version of Five-Year Highway Bill
Congress approved a final version of a five-year, $305 billion highway reauthorization bill that would call on trucking regulators to fix a controversial safety performance scoring program for motor carriers long criticized by industry leaders.
December 7, 2015Canadian Pacific Presses for Deal; Target Norfolk Southern Is Mum
Two weeks after Canadian Pacific Railway Ltd. proposed a $28 billion combination with Norfolk Southern Corp., the prospective buyer continues to campaign for a deal, but there was no sign last week that one would materialize.
December 7, 2015John Lyboldt to Take Reins as TCA President; Auto Dealer Executive Succeeds Brad Bentley
Automotive executive John Lyboldt has been appointed president of Truckload Carriers Association, becoming the third leader of the education-focused group in the past 18 months.
December 7, 2015