13 Oct Ron Tepper Takes Back Full Ownership of Fastfrate Group Ron Tepper has completed a buyback of shares in Consolidated Fastfrate Inc. from Fenway Partners, a New York-based investment firm that purchased a 75% stake in the company in 2007. Read more...
13 Oct Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding. Read more...
13 Oct DCLI Expands Premium Chassis Fleet to Near Canadian National's Chicago Intermodal Rail Yard Direct ChassisLink Inc. has introduced its premium pool into the Chicago market, expanding the equipment footprint beyond Southern California. Read more...
13 Oct Magnum Trucking Breaks Ground on Minnesota Terminal With mounds of dirt and heavy machinery in the background, civic leaders gathered Oct .12 to welcome regional shipping giant Magnum Trucking to Bemidji, Minn. Read more...
13 Oct Sen. Susan Collins to Seek Re-Election, Opts Against Gubernatorial Run Susan Collins, a moderate Republican with vast influence over transportation funding affairs in the Senate, announced her intention to seek another term in office and not pursue the governor’s mansion in her home state of Maine. Read more...
13 Oct Stella Environmental Expands Waste-Hauling Business in Southeast Houston-based waste hauler Stella Environmental Holdings Inc. has acquired Rackleff Enterprises in Statesboro, Ga., to expand its business in the Southeast, its first move since being acquired in August by investment firm Hidden Harbor Capital Partners. Read more...
13 Oct E-Commerce Hubs and New Expansion Projects Coming to Savannah Port Georgia’s ports enjoyed a record breaking year for cargo in the past fiscal year, and that growth is a driver for private investment expected to bring hundreds of new logistics jobs to the Savannah region. Read more...
13 Oct Red Hook Terminal Orders TRAC Intermodal to Remove Chassis Red Hook Container Terminal in Newark, N.J., is the latest to kick chassis off its property to free up space to store containers due to the growth of larger vessels traveling through the Panama Canal. Read more...
13 Oct J.B. Hunt Profits Slip 8.3% in Third Quarter, Missing Forecasts on Earnings J.B. Hunt Transport Services Inc. profits fell 8.3% in the third quarter, the company announced Oct. 13, coming up short of the Bloomberg News consensus forecast of analysts. Read more...
13 Oct Consumer Sentiment Unexpectedly Surges to 13-Year High U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Oct. 13. Read more...