In a move one analyst is saying could be "the best strategic truckload deal ever," Iowa-based Heartland Express has acquired Gordon Trucking Inc. of Pacific, Wash., in transactions valued at approximately $300 million.
Citing safety and economic benefits, the Missouri Highways and Transportation Commission approved a project to expand the Interstate 70 truck parking facilities near Mineola.
FTR's Noel Perry discussed the role of regulatory shocks in capacity and freight rates, plus the economic backdrop to what's going on in the industry, in FTR's recent State of Freight conference call.
Mercedes-Benz U.S.A. is considering bringing the Vito commercial van to the U.S. market to offer with its larger Sprinter, a spokesman has confirmed to Automotive Fleet, a sister publication of Heavy Duty Trucking.
Diesel prices continue to slide this week as the national average dropped to $3.83 per gallon, which is down 2.5 cents from last week and 14.8 cents from last year at this time.
Trac Intermodal announced that Val T. Noel joined the company as senior vice president and chief operating officer.
Two of the industry's large, unionized less-than-truckload carriers announced their third quarter results Tuesday, with the non-asset-based Panther Expedited helping Arkansas Best and problems at YRC Freight weighing down YRC Worldwide.
On Friday, Nov. 8, 2013, Judge Sam Glasscock III, vice chancellor of the Delaware Court of Chancery, ruled that Apollo was not in breach of its merger agreement with Cooper, which had filed a complaint to the contrary.