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Third-party logistics company Transplace has selected the New York-based private investment firm Greenbriar Equity Group as its new equity partner. Greenbriar acquired Transplace from an affiliate of CI Capital Partners, who joined with Transplace management in 2009 to buy the company from its original owners.
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Despite federal budget cutbacks and people getting hit with Social Security taxes returning to normal, consumers feel better about the American economy than they have in five years.
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Two prosecutors known for having a top-notch track record are leading the federal investigation into claims that truckstop chain Pilot Flying J bilked some trucking customers out of financial rebates from fuel purchases. Meanwhile, another lawsuit has been filed against the company.
Read More →Washington Gov. Jay Inslee has announced a plan to replace the collapsed portion of the Interstate 5 bridge over the Skagit River near Mt. Vernon after it was damaged by a truck hauling an oversize load on Thursday, closing a section of the route.
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AireDock, which provides idle reduction technology at truckstops and other parking locations, is undergoing a major corporate restructuring and is opening a new location in Texas.
Read More →Iowa 80 Truckstop announced that Lindsay Lawler will be performing at the 34th Annual Walcott Truckers Jamboree on July 11 at 7 p.m. The concert is being sponsored by Cat Scale.
Read More →After suffering a weak March, net trailer orders jumped 29% month over month in April, stronger than predicted by seasonality. However, year to date, net orders lag by 10% compared to 2012.
Read More →The used truck market was unable to book a third month of sequential improvement in April, due to a 33%+ contraction in the auction segment of the market. The retail and wholesale segments rose 2% and 19%, respectively, month over month.
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New bipartisan legislation in the U.S. Congress would change the way liquified natural gas is taxed as a transportation fuel, making it more equal to the diesel fuel tax by using diesel-gallon equivalents as a measure.
Read More →A first look one economic indicator shows improvement in one area of durable goods while conditions lag in another – but some analysts say this part of U.S. economy continues to improve.
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