24 Apr UPS Appoints Juan Perez to Lead Reorganized Unit UPS Inc. announced the alignment of all technology and engineering functions into one organization and reassigned Juan Perez to chief information and engineering officer. Read more...
24 Apr Amazon to Deploy Hydrogen-Powered Forklifts Internet retailer Amazon.com has committed to depoloy forklifts powered by hydrogen fuel cells from Plug Power Inc. at some of its fulfillment centers and will work with the Latham, N.Y.-based company to develop new applications for hydrogen fuel systems. Read more...
24 Apr Tiger Cool Express Receives Funding, Hires President Tiger Cool Express, a provider of refrigerated intermodal service launched in 2013, has received "significant" additional equity funding from the company's private equity backers, according to CEO Tom Finkbiner, who also said that he plans to step down later this year after a successor is found. Read more...
24 Apr Breaking Down California's New Higher Gasoline Tax The California Legislature and Gov. Jerry Brown just passed a bill that will plow $52.4 billion in taxes and fees aimed at shoring up California's freeways, roads and bridges. Read more...
24 Apr Watch: FMCSA Holds Listening Session on Autonomous Vehicles Federal trucking regulators are holding a listening session on autonomous commercial vehicles at the Commercial Vehicle Safety Alliance workshop in Atlanta. Watch live. Read more...
24 Apr Demand for Warehouses Rises in Houston Fueled by Online Shopping The hottest niche in Houston's recovering real estate market is warehouses, evidence of the city's growing position as a distribution center for consumer goods in a rapidly evolving retail environment. Read more...
24 Apr OL International Acquires Project Cargo Specialist Orion Marine Ocean freight forwarder and logistics firm OL International Holdings has purchased Orion Marine Corp., a 45-year-old company that specializes in moving project cargo, oversize loads and hazardous freight to remote locations worldwide. Read more...
24 Apr U.S. Concrete Buys Sand Supplier in New Jersey U.S. Concrete has acquired assets of Corbett Aggregates Cos. in Quinton, N.J., in a move to control the supply of sand for its ready-mixed concrete operations in New York City and to supply other customers. Read more...
24 Apr Oklahoma Port Sees Increased Tonnage on Stronger Energy Sector Shipping activities picked up in March at the Port of Muskogee in Oklahoma, which ended the first quarter of the year on a high note after struggling several months to gain momentum. Read more...
24 Apr Profits Up at CSX, Decline at CP in 1Q; Harrison Pushes for Rail Consolidation Rail freight companies began the earnings season with mixed results as profits rose 1.7% at CSX Corp. but plunged 20% at Canadian Pacific Railway Ltd. in the first quarter compared with the same period a year ago. Read more...