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Thje Michigan Department of Transportation has determined that public safety would not be enhanced by allowing corrosive or flammable materials to cross the Ambassador Bridge in Detroit.
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XPO Logistics has announced the pricing of public offering of 15 million shares of its common stock at a price of $25 per share and has granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares.
Read More →Norfolk Southern railway has opened a new rail truck transfer facility in Chesapeake, Va. to serve Hampton Roads-served markets, as well as markets overseas with its close proximity to nearby container terminals.
Read More →Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.
Read More →The U.S. Food and Drug Administration will officially propose a rule that would require certain shippers, receivers, and carriers who transport food by motor or rail vehicles to take steps to prevent the contamination of human and animal food during transportation.
Read More →Components and parts are lasting longer, which means fleets will be spending less on replacement parts. According to survey results from MacKay & Co. presented at the Heavy Duty Aftermarket Dialogue in Las Vegas, the most significant component longevity gains have been in power transmission.
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Bob Phillips, chairman and CEO of Phillips Industries, was inducted into the Heavy Duty Aftermarket Hall of Fame during Heavy Duty Aftermarket Week.
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Paccar, the parent to truck makers Peterbilt and Kenworth, reported record revenue of $17.12 billion in 2013 compared to revenue of $17.05 billion the year before.
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Multiregional less-than-truckload carrier Saia reported improved fourth quarter and 2013 financial results, while truckload fleet Celadon had higher revenue but lower earnings, and asset-light Landstar System had record fourth-quarter revenue and higher earnings.
Read More →Consumer spending in the U.S. posted modest gains in December and all of last year, according to new Commerce Department figures.
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