Stronger-than-expected new car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume.
April 4, 2019Extras
Carmakers Sell More to Rental Companies as Retail Demand Weakens
XPO Logistics to Launch Enhanced Last-Mile Capabilities Online
XPO Logistics Inc. will launch expanded last-mile capabilities on its XPO Connect digital freight marketplace, company officials said.
April 4, 2019Tech Investor Iconiq Buys Majority Share of Truckstop.com
A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service, continuing the trend of private investment dollars flowing into trucking tech firms.
Investment Firm Regains Ownership of GlobalTranz
GlobalTranz Enterprises has struck a deal with Providence Equity Partners to acquire the business from The Jordan Co. in a move designed to provide additional financial support for the company’s aggressive growth strategy.
Industry Objects to Plan to Privatize Military Moves
A plan to turn over responsibility for household-goods moves for military personnel to a single third-party transportation manager is running into opposition from industry leaders who say the idea is flawed and won’t rectify the problems U.S. Transportation Command said it wants to address.
Bison Transport Acquires H.O. Wolding as Canadian Firms Eye US Expansion
Bison Transport Inc. acquired Amherst, Wis.-based H.O. Wolding Inc., a 320-truck dry van fleet, marking a further expansion by the Winnipeg, Manitoba-based trucking firm into the United States.
Trump Softens Position Toward Closing US-Mexico Border
President Donald Trump on April 4 said he will delay closing the U.S.-Mexico border for one year, just days after it was announced he would seal the southern border as early as this week.
Trucker Tools Helps 3PL Choptank Corral Tech Holdouts
Choptank, a third-party logistics service provider, says it recently incorporated a wider array of Trucker Tools, a system of applications, to more rapidly “shed” manual processes such as phone calls. Trucker Tools helps drivers and brokers track freight and bid on jobs.
Interactive Map: Where the 2019 Top 50 Logistics Companies Are in North America
Find out where the 2019 Top 50 Logistics Companies are located by regions and by state in North America with our interactive map.
April 3, 2019Tolling Plan Approved for Manhattan, but Rates Remain Unclear
New York Gov. Andrew Cuomo’s recently approved spending plan includes a variable tolling program that would affect travelers driving into Manhattan. Its impact on trucking is still unknown.