15 May Mesilla Valley Transportation Partners With Penske to Maintain Trucks Mesilla Valley Transportation, a dry van truckload carrier based in Las Cruces, N.M., will work with Penske Truck Leasing Corp. to maintain its nationwide fleet of more than 1,300 trucks. Read more...
15 May Transportation Executive Acquires Polonez Parcel Service, Plans Expansion Veteran transportation executive Tom Nightingale has purchased Polonez Parcel Service and Universal Trucking Service, according to a statement Nightingale issued May 10. Read more...
15 May Optimism for Sales Prospects Propels Homebuilder Sentiment More confidence among U.S. home builders this month shows the industry remains optimistic that demand will keep growing in the face of rising property values, according to data May 15 from the National Association of Home Builders/Wells Fargo. Read more...
15 May Seko Logistics Expanding Footprint in Western New York and Pennsylvania Seko Logistics has opened two warehouses this year as a result of medical, automotive, industrial and technology companies bringing supply chains back into the United States, the third-party logistics company announced May 10. Read more...
15 May World's Biggest Container Line Scales Down Bond-Market Reliance The world's biggest container shipping company and Denmark's largest issuer of corporate bonds may rely less on debt markets in the near future. Read more...
15 May Three Wharton Dealmakers Bet Their Future on Trillion-Dollar Chinese Trucking Industry In 2001, three Chinese men named Richard enrolled in the University of Pennsylvania's Wharton School before heading to high-flying careers as bankers and dealmakers. More than 15 years later, they've teamed up to stake their future on building an Uber-like service for China's convoluted trucking industry. Read more...
15 May Toys 'R' Us Signs Contract With Kuehne + Nagel for China Stores Third-party logistics firm Kuehne + Nagel signed a four-year contract with Toys "R" Us to manage the retailer's transportation, warehousing and logistics in Beijing. Read more...
15 May Quantum Offers New CNG Tank, Virtual Pipeline Options Quantum Fuel Systems announced it will manufacture a new compressed natural gas fuel cylinder for heavy-duty trucks that provides up to 60 diesel gallon equivalents and allows back-of-cab window visibility. Read more...
15 May Rice Lake Introduces Replacement Scale Rice Lake Weighing Systems introduced the Survivor OTR-LP, a replacement scale designed to fit into non-Rice Lake truck scale foundations. Read more...
15 May SCI Handling Canadian Distribution for John Paul Richard Third-party logistics firm SCI announced it is handling the Canada-wide distribution of clothing retailer John Paul Richard's products as soon as shipments arrive in Vancouver, British Columbia, from Asia. Read more...