03 Oct Berkshire Hathaway Buys 38.6% of Pilot Flying J Warren Buffett’s Berkshire Hathaway Inc. bought a stake in Pilot Travel Centers LLC, owner of the Pilot Flying J truck stop chain, and detailed plans to become the company’s biggest shareholder in six years. Read more...
03 Oct Pennsylvania Proposes 6% Warehouse Tax Pennsylvania is floating a tax on warehouse services as a way to help close the budget gap, a move critics say could threaten the fastest-growing sector of the Lehigh Valley economy and force customers of third-party logistics providers to relocate to neighboring states. Read more...
02 Oct Capitol Agenda for the Week of Oct. 2: Seriously, ELD Mandate Is Happening Failed attempts in court and on Capitol Hill to delay the upcoming electronic logging device mandate have done little to discourage critics of the rule who continue to push for a delay. Here's the week ahead for trucking on Capitol Hill. Read more...
02 Oct Genuine Parts Expands to Europe With Purchase of Alliance Automotive Group Genuine Parts Co. has agreed to buy Alliance Automotive Group, a leading distributor of vehicle parts, tools and equipment in Europe, for $2 billion from Blackstone Private Equity and a management group that has owned the company since 2014. Read more...
02 Oct Cummins to Develop Next-Generation Engine for Military Combat Vehicles Cummins Inc. signed a $47.4 million contract to develop and demonstrate a technologically advanced engine for the next generation of U.S. combat vehicles. Read more...
02 Oct Diesel Inches Up 0.4¢ to $2.792 a Gallon The U.S. average retail price of diesel crept up 0.4 cent to $2.792 a gallon, and oil dropped closer to $50 a barrel. Read more...
02 Oct Truckers at Fairgrounds in Pennsylvania Fight Regulations on Their Rigs One of the biggest appeals to driving a truck, Zoranda Newman said, is the beauty of the open road, but she said government regulations are beginning to block the view. Read more...
02 Oct Debunking Common Myths About Sleep Apnea As the National Transportation Safety Board cites sleep apnea as a factor in New York City-area train crashes, the need for sleep apnea testing and treatment regulations will once again come to the forefront. The NTSB has been advocating for measures to reduce fatigue-related accidents in the transportation industry for years. Read more...
02 Oct BorgWarner Completes Acquisition of Sevcon BorgWarner finalized its acquisition of Sevcon Inc., a manufacturer of electrification technologies that complement its own power electronics capabilities. Read more...
02 Oct Covenant Transportation Group Adopts New Name to Market Services Covenant Transportation Group is adopting Covenant Transport Services as its new name to emphasize the company’s broad range of freight services. Read more...