Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.
Voss Automotive, a manufacturer of fluid line and connection systems for on- and off-highway vehicle and equipment applications, recently set up shop at a new North American headquarters in Ft. Wayne, Ind.
Housing starts in the U.S. fell 9.3% in June, the second consecutive monthly decline, according to the U.S. Commerce Department, pushing the annual rate down to 893,000, the weakest showing since last September.
The 43-acre facility increases FEC’s available intermodal capacity from 100,000 to 450,000 lifts a year and will improve the transfer of both domestic and international containers between ships and rail, according to Broward County officials.
American Trucking Associations announced several promotions to the association's senior staff, including Bob Costello and Elisabeth Barna.
As Congress struggles to preserve the Highway Trust Fund this summer and eventually pass a long-term highway bill, President Obama is using his executive authority to promote increased private investment in infrastructure. In remarks Thursday at the Port of Wilmington, Delaware, Obama announced a plan to help states and local governments use alternative financing for their infrastructure needs.
The majority of the deliveries, which started July 1, to Navistar’s roughly 350 North American dealers will be Eaton Flex Reman transmissions.
Earnings hit $18.7 million compared to $18.6 million in the second quarter of 2013 for the Illinois-based company.