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Wheels Group, a North American non-asset third party logistics provider, has acquired BBL Worldwide, a non-asset 3PL company providing specialized cross border truck brokerage services.
Read More →Platinum Equity has completed the acquisition of substantially all the assets of Bridge Terminal Transport Inc. from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group. Financial terms of the transaction were not disclosed. The business will continue to operate under the Bridge Terminal Transport brand going forward.
Read More →As expected from the preliminary report, August was a good month for Classes 5-8 orders. However, the absence of sustained economic strength remains a limitation for Class 8 demand, and build expectations have been sharply curtailed over the past two months.
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FedEx has reported increased profits and revenue during the first quarter of its fiscal year that ended August 31.
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A lot more freight has been available on the spot market over the past week, but it has also pushed rates down. New figures released from DAT show total spot market freight needing to be moved increased 22% September 8-14, compared to the previous seven days.
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Bennett Motor Express, McDonough, Ga has completed the purchase of Ace Doran Hauling & Rigging, a Cincinnati, Ohio-based company since 1913.
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Residential construction starts in the United States during August rose on strength in the single-family home market, but underlying weakness in housing is still spilling into the overall economy.
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Detroit, Mich.--Detroit Diesel Corp. announced that the Detroit DT12 automated manual transmission is now available for the Freightliner Cascadia equipped with the Detroit DD13 engine.
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Building on the success of its Virtual Technician product, Daimler Trucks North America is going full-bore ahead with telematics. It unveiled the Detroit Connect On-Board Tablet, which not only integrates with Virtual Technician and the Visibility fleet back-office software, but also offers hours of service, pre-and post-trip inspections, two-way messaging and navigation.
Read More →The Illinois Department of Transportation has established the Illinois State Freight Advisory Council to provide a standing forum for coordination of freight multimodal planning in Illinois.
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