Estes Offers $1.3 Billion for Yellow Terminals
Estes Express Lines is in line to buy the terminals of bankrupt less-than-truckload rival Yellow Corp. after submitting a $1.3 billion bid, a court heard Aug. 17.
August 17, 2023San Francisco Wants Halt to Cruise, Waymo Expansion Ruling
San Francisco asked California regulators Aug. 16 to halt its approval of Cruise’s and Waymo’s unrestricted commercial expansion in the city, arguing the city “will suffer serious harm.”
August 17, 2023New Fee Structure Part of Pennsylvania Turnpike Tolling Plan
Truckers traveling along the Pennsylvania Turnpike will notice big changes, from modernized tolling infrastructure without toll plazas or booths and new fee structures starting in 2025.
August 16, 2023Auto Parts Maker Shinhwa Plans Expansion at Alabama Facility
MONTGOMERY, Ala. — An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey’s office announced Aug. 15.
August 16, 2023Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.
August 16, 2023Diesel Price Up Another 13.9¢ to $4.378 a Gallon
Diesel prices climbed another 13.9 cents a gallon for the fourth straight week of a dime-or-more national average surge, according to data from the Energy Information Administration.
August 15, 2023East and West Coast Ports Spar Over Who's No. 1
It came as a surprise at the ports of Los Angeles and Long Beach when the ports of New York-New Jersey said their complex was the busiest cargo container handler in America.
August 15, 2023Biden Urges Detroit Automakers, UAW to Reach Labor Deal
President Joe Biden urged United Auto Workers and Detroit’s Big Three automakers to come to a “fair agreement,” weighing in on tense contract talks with major implications for the economy.
August 14, 2023TuSimple Faces Report Deadline as Tucson Site Is Up for Sale
Self-driving truck developer TuSimple Holdings says it won’t be able to file its second-quarter 2023 financial report on time to meet a deadline imposed by the Nasdaq Stock Market.
August 14, 2023FMCSA Will Accept Challenges to Meal-Rest Break Pre-emption Ruling
FMCSA announced it will accept petitions for waivers from its 2018 and 2020 decisions to pre-empt truck driver meal-and-rest-break law requirements in California and Washington state.
August 11, 2023