06 Oct Savi Technology Names Jeffrey Friedman Chief Financial Officer Savi Technology named Jeffrey Friedman chief financial officer, citing his more than 30 years of financial management for public and private companies operating in the technology, telecommunications and software industries. Read more...
06 Oct Titanium Acquires Canadian Van/Flatbed Carrier Xpress Group Titanium Transportation Group has acquired Canadian dry van truckload and flatbed carrier Xpress Group, based in Windsor, Ontario, for C$3.1 million in cash and the assumption of C$5.2 million in debt. Read more...
06 Oct Analysis: To Understand Amazon’s Delivery Ambitions, Consider the Long Game In the future—and you have to look far ahead when considering the movements of CEO Jeff Bezos—Amazon could expand the services to any merchant selling anything to anyone. This would push it deeper into the territory of UPS and FedEx. Read more...
06 Oct US Payrolls Fall for the First Time Since 2010 on Storms The number of workers on U.S. payrolls declined last month for the first time since 2010, reflecting major disruptions from hurricanes Harvey and Irma, Labor Department figures showed Oct. 6. The jobless rate fell to a new 16-year-low while wage gains accelerated. Read more...
05 Oct Industry Stakeholders Generally Support a National Academy of Sciences CSA Study, But Still See Challenges Ahead While many trucking stakeholders have said for years that they support the Compliance, Safety, Accountability program in concept, not all are convinced that the recommendations of an elite academic panel of the National Academy of Sciences will plug all the holes in the program. Read more...
05 Oct Editorial: Trucking Is a Hot Property One of the nation’s highest-profile investors has decided that he needs to put some money into trucking, a move based on the assumption the industry is a hotbed of activity right now. Read more...
05 Oct FHWA Nominee: Tolls, P3s Options to Fund Infrastructure Projects Tolling systems and public-private partnerships are viable alternatives to traditional sources of infrastructure funding, such as revenue generated from fuel taxes, the nominee to lead the country’s vast network of highways told a Senate panel on Oct. 5. Read more...
05 Oct Berkshire Hathaway to Buy Majority of Pilot Flying J in Two-Step Process Warren Buffett’s Berkshire Hathaway Inc. investment company bought a minority stake in Pilot Travel Centers LLC, owner of the Pilot Flying J truck stop chain, and will become the majority shareholder in six years. Read more...
05 Oct Rhode Island Pulls Back Funding For Truck-Related Programs Due to delays in the state Legislature and an unexpected dearth of resources, Rhode Island’s government has made changes to funding for programs pertinent to the trucking industry. Read more...
05 Oct Consumer Comfort Declines by Most in a Year on Finances Americans’ confidence suffered its biggest weekly setback in more than a year as optimism about personal finances slumped, Bloomberg Consumer Comfort Index figures showed Oct. 5. Read more...