Tyson Bids $6.2 Billion for Hillshire
Tyson Foods Inc. made an unsolicited $6.2 billion offer to buy Hillshire Brands Co., trumping a competing bid from Pilgrim’s Pride Corp. of $6.1 billion.
May 29, 2014Pegasus TransTech Acquires TripPak Services and ACS Advertising
Pegasus TransTech has acquired TripPak Services and ACS Advertising from Xerox in a move that bolsters its position as a market leader in electronic revenue management solutions for the trucking industry.
May 29, 2014Spot Loads Rise 1.7% as Freight Markets Continue to Strengthen
Freight availability rose 1.7% in the seven-day period ended May 24 as market activity levels remain high, load board operator DAT said in its weekly report.
May 29, 2014GAO Says Defense Department Should Improve on Hazmat Shipments
A federal report said the Department of Defense should improve the regulations and procedures governing the transportation of hazardous materials.
May 29, 2014DOT Should Establish New Accountability Measures for TIGER, GAO Says
The U.S. Department of Transportation should establish new accountability measures for the grant program known as TIGER, including documenting how decisions are made to award grants, a new report from the General Accountability Office said.
May 29, 2014Senate Commerce Panel Schedules Highway Bill Hearing June 3
The Senate Commerce, Science and Transportation Committee plans to meet June 3 to consider a $265 billion transportation policy bill that was approved by another committee on May 15.
May 29, 2014Pending Sales of Existing Homes Increased 0.4% in April
Contracts to purchase previously owned homes rose in April for the second straight month, a sign the residential real estate market is stabilizing after a weak start to the year.
May 29, 2014Jobless Claims Decreased 27,000 Last Week to 300,000
Jobless claims fell by 27,000 to 300,000 in the week ended May 24, the Labor Department reported.
May 29, 2014Con-way Truckload Purchases 550 New Tractors, Invests in Automatics and 6x4s
Con-way Truckload announced its purchase of 550 new tractors, 540 of which will be equipped with automatic transmissions and all with driver-preferred 6x4 axles.
May 28, 2014House Rules Panel Takes Up Transportation Spending Bill May 29
The House Rules Committee will meet May 29 to set the conditions for floor debate of a fiscal 2015 transportation spending bill.
May 28, 2014