XPO Logistics Agrees to Acquire Bridge Terminal Transport; Posts Narrow 1Q Loss
XPO Logistics reached an agreement to buy yet another transportation provider May 4 and posted first-quarter financial results with a narrowing loss even as revenue soared.
May 4, 2015Truck Orders Fall 10% in April, Reports Say
Truck orders slipped 10% last month from the year-earlier period on a preliminary basis as industry trends return to more typical seasonal patterns, ACT Research and consulting firm FTR reported.
May 4, 2015Keith Klein to Succeed Scott Arves as Transport America's President
Keith Klein will succeed Scott Arves as president of truckload carrier Transport America on June 1, the company announced May 4.
May 4, 2015Senators Introduce Bill to Create New Financing Options For Infrastructure Projects
Republican and Democratic senators have introduced a bill that would expand the tax-exempt private activity bond program and create a new infrastructure tax credit in order to expand states' options for pursing infrastructure projects.
May 4, 2015Severe Winter Cost 23 States More Than $1 Billion to Keep Roads Open and Safe, AASHTO Survey Finds
Twenty-three states spent a total of more than $1.1 billion between October and April to pre-treat, plow or spread chemicals and other materials on roads to keep them open and safe this past season, according to the American Association of State Highway and Transportation Officials.
May 4, 2015Denso Invests in Peloton’s Platooning Technology
Denso International America will lead a $16 million investment in Peloton Technology, a developer of truck platooning systems designed to boost fuel savings for large-truck fleets.
May 4, 2015ArcBest Corp. Has First Profitable First Quarter in Seven Years
ArcBest Corp. recorded the first profitable first quarter in seven years, reversing a year-earlier loss with help from less-than-truckload and non-asset businesses.
May 4, 2015Opinion: New Technology Aids Driver Health, Safety
When you think of technological innovation in the world of transportation, images of automated stabilization, obstacle-avoidance systems, telematics and a number of efficiency advancements come to mind. What may surprise you is that there is a new field of technology emerging that has nothing to do with the mechanical and everything to do with the biological.
May 4, 2015Editorial: The HOS Restart Study
On the surface, it would appear the Federal Motor Carrier Safety Administration’s announcement last week that it had exceeded its goal of recruiting more than 225 truck drivers to participate in the hours-of-service restart study would be a positive development.
May 4, 2015XPO Goes Global in $3.5 Billion Deal
XPO Logistics Inc. last week made its first foray into the global market with an agreement to buy French company Norbert Dentressangle SA for $3.53 billion, the latest move in the consolidation trend in the logistics sector.
May 4, 2015