22 Dec Schneider Files Form With SEC to Consider IPO Schneider National Inc., which ranks No. 7 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, filed an S-1 form with the Securities and Exchange Commission on Dec. 22 that could pave the way for the truckload giant to go public in 2017. Read more...
22 Dec Uber for Trucking Firm in China Valued at $1 Billion Truck Alliance Inc., an Uber-type service for trucks known in China as Huochebang, raised about $115 million in a financing round that valued the startup at $1 billion. Read more...
22 Dec BlueGrace Logistics Acquires Continental Traffic Co. BlueGrace Logistics, a third-party logistics firm, has acquired Continental Traffic Co. in the latest sign of growth over the last year-and-a-half. Read more...
22 Dec US Economic Growth Revised Up to 3.5% Pace in Third Quarter The U.S. economy expanded more than previously reported last quarter on bigger contributions from a range of factors such as services spending, intellectual property and construction by state and local governments. Read more...
22 Dec Orders for US Business Equipment Increase More Than Forecast Orders for U.S. business equipment climbed more than forecast in November, a sign that corporate investment is starting to firm up. Read more...
22 Dec Jobless Claims Increased to Six-Month High Last Week The number of Americans filing applications for unemployment benefits rose more than expected to a six-month high last week, potentially reflecting seasonal swings in a still-healthy labor market. Read more...
21 Dec US Recession Coming in 2018, Says Asset Management Strategist Tighter monetary policy, a strong dollar and wage pressure will help tip the U.S. into recession in 2018, says Vadim Zlotnikov, chief market strategist and co-head of multiasset solutions at AllianceBernstein. Read more...
21 Dec Trump's DOT Pick Outlines Priorities for Agency The effective enforcement of safety, repairing critical infrastructure and expediting the permitting process are priorities at the U.S. Department of Transportation that Elaine Chao said she will address if confirmed as transportation secretary in the Trump administration. Read more...
21 Dec Transportation Incidents the Most Frequent Type of Worker Fatality, New Report Shows The number of workplace deaths involving transportation incidents - the most frequent type of worker fatality - increased, according to a Labor Department report issued Dec. 16. Read more...
21 Dec Kenworth Makes Bendix Wingman Medium-Duty Option The Bendix Wingman Advanced collision mitigation system now is available for order as an option for Kenworth Truck Co.'s T270 and T370 medium-duty trucks, the truck maker said. Read more...