Descartes Acquires Aljex to Broaden Freight Broker Capabilities
Descartes Systems Group acquired Aljex Software Inc. for $32.4 million, a move that expands the Waterloo, Ontario-based tech company’s services for freight brokers and carriers.
February 2, 2018Daimler Expects Heavy Spending on New Tech as Industry Shifts to Autonomous Driving
German automaker Daimler made lots of money last year. That’s a good thing, because the company says it will need to spend heavily this year to keep up with the technological change expected to disrupt the car industry.
February 1, 2018Port Houston Sets Record for Container Volume in 2017
Port Houston broke its record for traffic in a year due to strength in the transportation of steel, wind energy equipment and automobiles, according to the port authority, which also is confident the numbers will grow with the plastin resin boom in the Gulf Coast.
February 1, 2018Self-Driving Cars Need Humans Less and Less, California Data Shows
The robot cars test-driving on California roads seem to need their human overseers less and less.
February 1, 2018Daimler AG Reports Record Sales in 2017
Diversified manufacturer Daimler AG reported it sold a record 3.3 million vehicles in 2017 — including a 13% increase in truck sales — as full-year revenue and earnings also peaked amid a strong fourth quarter.
February 1, 2018Mack Posts Modest Uptick in Deliveries, Receives Surge in Orders in 2017
If you look solely at Mack Trucks’ delivery total last year, you see a number that is only 4% — or about 800 trucks — higher than the company’s total in 2016, which was its worst statistical year since 2010.
January 31, 2018Port of Baltimore Getting Six New Yard Cranes for $12 Million
Six new yard cranes will be delivered to the port of Baltimore’s Seagirt Marine Terminal on Jan. 31, a $12 million investment officials hope will help alleviate traffic congestion that has resulted from a sharp increase in the number of containers being shipped through the port in the past 18 months.
January 31, 2018Volvo Sees Rising Global Truck Demand Straining Supply Chain
Volvo AB boosted its forecast for truck markets in the U.S. and Europe this year as low fuel prices and interest rates push demand, a development that’s expected to put more strain on an already tight supply chain. The shares rose the most in three months.
January 31, 2018Cummins Acquires Battery Systems Business From Johnson Matthey
Independent engine maker Cummins Inc. continued its push into commercial vehicle electrification. The company announced it has acquired Johnson Matthey’s UK automotive battery systems business, a subsidiary that specializes in high-voltage automotive grade battery systems for electric and hybrid vehicles.
January 31, 2018Regulators Consider Up to One-Year Exemptions for ELD Integration Challenges
Federal trucking regulators are considering granting a one-year exemption from certain technical requirements of the electronic logging device mandate for carriers having difficulty integrating ELD software updates with their fleet managment systems.
January 30, 2018