25 May KAR Auction Services Acquires Transport Division of Dependable Auto Shippers KAR Auction Services, a holding company for used vehicle auctioneer ADESA, Automotive Finance Corp. and Insurance Auto Auctions, a firm that resells total-loss vehicles, has purchased the vehicle transportation business of Dependable Auto Shippers, a company based in Mesquite, Texas, that filed for Chapter 11 bankruptcy in December. Read more...
25 May Port of Portland Appoints Curtis Robinhold Executive Director The Port of Portland Commission unanimously selected Curtis Robinhold to succeed his boss as the port's executive director. Read more...
25 May XPO Logistics Offers to Pay For CDL Training XPO Logistics is offering to pay individuals to become truck drivers, providing free tuition and a paycheck while earning a commercial driver license at one of its less-than-truckload service centers in the United States. Read more...
25 May Revised New York Teamsters Pension Proposal Calls for Slightly Smaller Cuts Proposed pension benefit cuts for some active and retired Teamsters, including about 5,200 in western New York, are back on the table. Read more...
25 May Democrats Push Back on Trump Infrastructure Plan While Republicans have pledged to continue to draft their version of an infrastructure plan in the Senate, Democrats have emphasized that a plan backed primarily by private capital would not win their support. Read more...
25 May Rhode Island Picks Company to Build, Operate Truck Tolls PROVIDENCE, R.I. - State transportation officials May 24 said they have chosen a company to design, build, operate and maintain Rhode Island's controversial toll network system. Read more...
25 May New England Ports Plot Course to Deal With Changing Shipping Industry SMITHFIELD, R.I. - Cargo ships are growing. Shipping rates have plunged. Ports are expanding across the East Coast. Read more...
25 May More Optimism About Buying Climate Signals Spending Rebound Consumer spending may be set to emerge from a weak first quarter as Americans last week became more upbeat about the buying climate than at any time in the last 15 years and optimism about personal finances reached a decade high, Bloomberg Consumer Comfort Index figures showed May 25. Read more...
25 May Merchandise Trade Gap, Inventories May Weigh on US Growth The second-widest U.S. merchandise trade deficit in two years and an April drop in inventories at wholesalers and retailers may weigh on the economy this quarter, according to preliminary figures released May 25 from the Commerce Department in Washington. Read more...
25 May Little-Changed Jobless Claims Signal Solid Labor Market U.S. jobless-benefit claims are hovering near levels that continue to reflect a strong labor market, with figures little changed last week, Labor Department data showed May 25. Read more...