The initial public offering of Traton SE, formerly known as Volkswagen Truck & Bus, did not go off with a bang. The Germany-based global truck builder slipped below its opening share price soon after being listed on the Frankfurt exchange.
Dayco appointed Mike McTeer vice president of sales and marketing for the U.S. aftermarket.
Maxsle Butler has been named vice president of national accounts for Mack Trucks, responsible for all national accounts activities in North America.
A&R Logistics has acquired Blue Water Plastic Transport, a St. Clair, Michigan-based specialty bulk transportation and logistics services carrier for the plastics industry.
2018 will go down as an outstanding year for third-party logistics in the U.S., driven by growth in the economy and an extraordinary inventory build as shippers imported products to beat import tariffs.
Logistics synergies is one of the reasons Performance Food Group Company has agreed to buy rival Reinhart Foodservice from Reyes Holdings in a deal estimated to be worth $2 billion.
A bipartisan bill would require all new Class 7 and Class 8 trucks to be equipped with speed-limiting devices that must be set to a maximum speed of 65 mph and be used whenever in operation.