Apollo Tyres Ltd and Cooper Tire & Rubber Co. announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion.
Two officials with Ohio-based Dart Trucking have been found guilty of bank fraud charges related to a $3.6 million check-kiting scheme.
The House Subcommittee on Highways and Transit will hold a hearing next week on pending changes in the hours of service rule. The hearing, which will be chaired by Rep. Tom Petri, R-Wisc., comes as the Federal Motor Carrier Safety Administration prepares to implement changes to the hours rule on July 1.
Reductions in emissions of black carbon since the late 1980s, mostly from diesel engines as a result of air quality programs, have resulted in a measurable reduction of concentrations of global warming pollutants in the atmosphere, according to a new study from the California Air Resources Board.
Modest rate increases are expected to resume as freight enjoys reasonable volume growth alongside the reduced trucking productivity that is the result of increased regulations.
When John F. Kennedy signed the Equal Pay Act in 1963, women were earning 59 cents for every dollar earned by men. Women in the trucking industry were scarce, as few even considered becoming a driver or another career within the industry.
Schneider National Inc. announced it is raising company driver pay rates in its tanker division. The pay increase is effective June 16, 2013, and most new drivers will earn an additional $0.02 to $0.03 per mile.