XPO Announces Stock Sale, Reveals Preliminary Earnings Report
XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.
XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.
LAS VEGAS -- The economic expansion is likely to continue through the balance of the year, predicts Bob Dieli, president and founder of RDLB Inc., an economic research and management consulting firm.
Building work officially began on the new 25,500 square-foot bespoke facility being built for Haldex, at MIRA Technology Park in Hinckley. To celebrate, a ground-breaking ceremony was held with a number of senior representatives from both companies.
Navistar International won both categories in the American Truck Dealers’ 2014 Commercial Truck of the Year competition with its ProStar heavy duty and TerraStar medium-duty models. ATD announced the winners at a lunch on Sunday, during its joint annual convention with the National Automobile Dealers Association in New Orleans. The trucks were among three heavy and four medium-duty models submitted by manufacturers for judging last fall.
R. Kyle Treadway, former chairman of the American Truck Dealers, was named the 2014 Truck Dealer of the Year award on Saturday by American Truck Dealers and Heavy Duty Trucking magazine.
YRC Worldwide's teamster drivers have voted in favor of an offer that clears the way for a $1.4 billion refinancing plan.
December 2013 slowed in many segments of the market, but 2014 will probably resume healthy activity, says the Truck Blue Book analysis.
Truckers might have to wait even longer than expected for the New International Trade Crossing over the Detroit River. The bridge connecting Ontario to Michigan could be delayed if the U.S. government doesn’t soon commit to paying for a customs facility on the U.S. side
FTR’s Trucking Conditions Index reading of 7.01 in November, while 20% lower than the previous month, still reflects a positive environment for truckers.
The American Trucking Associations announced on Friday it was reorganizing and streamlining a number of the association’s core functions.
The recent extreme cold experienced by whole parts of the nation has put an increased burden on trucks and truckers. According to Mel Kirk, vice president of maintenance operations Ryder Systems Inc., diesel fuel and diesel exhaust fluid will freeze in extremely cold temperatures.
Fabio Jurchaks has been promoted to director of sales & engineering, NAFTA at TMD Friction. Fabio is responsible for the commercial, marketing and engineering organization and activities servicing TMD’s OE, OES and replacement part friction business in Canada and the USA.
The Federal Motor Carrier Safety Administration has widened the scope of emergency declarations it recently issued due to shortages of propane and other home heating fuels, extending it to the Southern region of the country.
Con-way Freight has added Freightliner Cascadia 113 natural gas-powered tractors to its fleet. Freightliner began production of the Freightliner Cascadia 113 natural gas-powered tractors in August 2013, and these Con-way Freight units are the first Cascadia day cabs with factory-installed compressed natural gas tanks to hit the road.
The trailer industry saw a 14% month-over-month gain in net orders in December, as six of the ten trailer categories posted positive results. For 2013, a total of 231,700 orders were booked, down just under 2% from 2012’s result.
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