FedEx, TNT See ‘Timely Progress’ on Merger Deal
FedEx Corp. and Netherlands-based TNT Express provided an update on their planned combination, noting “timely progress” on their $4.8 billion deal and saying it could take one year to obtain all regulatory approvals.
May 1, 2015Trail King Buys Dakota Trailer Manufacturing
Trail King Industries Inc. has acquired Dakota Trailer Manufacturing Inc., which makes aluminum grain trailers for the agricultural market. Terms were not disclosed.
May 1, 2015US, Canada Release Harmonized Rail Safety Rules
The U.S. Department of Transportation and Transport Canada released a “harmonized” final tank car safety rule that is meant to avert all rail accidents involving crude by rail and other volatile hazardous materials.
May 1, 2015ATA Requests HOS Rest Break Exemption for Some Hazmat Drivers
American Trucking Associations has applied for an exemption on behalf of a group of hazardous materials drivers to the hours-of-service rule on 30-minute breaks.
May 1, 2015UPS, DHL Provide Logistics Support for Nepal Earthquake Recovery
UPS Inc. and DHL said they will be providing logistics support for recovery efforts in Nepal after a magnitude 7.8 earthquake April 25 killed more than 4,000 people.
May 1, 2015Manufacturing Holds at Weakest Pace of Growth Since 2013
Manufacturing in April held at the weakest pace in almost two years, prompting factories to pull back on hiring as they await stronger demand in the United States and abroad.
May 1, 2015Consumer Sentiment Rises to Second-Highest Since 2007
Consumer confidence increased in April to the second-highest level in more than eight years as Americans grew more upbeat about their financial prospects.
May 1, 2015Oil Falls After Biggest Monthly Gain in Six Years
Oil declined in New York on April 30 after its biggest monthly advance since May 2009.
May 1, 2015UPS Freight Adds 64 LNG-Fueled Tractors
UPS Freight has added 64 liquefied natural gas-fueled tractors to its fleet. The tractors join UPS’ worldwide fleet of more than 2,500 natural gas-powered vehicles, the company said April 30.
April 30, 2015NTSB Recommends Video Recorders on Heavy Trucks and Buses
The National Transportation Safety Board on April 29 issued a recommendation that heavy truck and bus fleet operators deploy in-cab video system recorder technology to monitor their drivers.
April 30, 2015