16 Jun CSX Officially Agrees to Pay $84 Million to Keep Hunter Harrison CSX Corp. has officially agreed to pay $84 million as part of the process to bring Hunter Harrison on board as the CEO, executing an agreement on June 16 that shareholders approved earlier in the month. Read more...
16 Jun Uber's Trucking Ambitions in Lower Gear After Otto Deal SAN FRANCISCO - Uber Technologies Inc.'s drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700-billion industry. Read more...
16 Jun Crete Tells Drivers They Can Drive 65 Crete Carrier Corp. will allow drivers to travel up to 65 mph on cruise control, up from the 62 mph limit previously in place. Read more...
16 Jun Lineage Logistics Purchases European Warehousing Company Lineage Logistics has bought Partner Logistics of Europe, the first international acquisition for the temperature-controlled warehousing company based in Irvine, Calif. Read more...
16 Jun GlobalTranz Makes Third Freight Broker Acquisition of 2017 GlobalTranz Enterprises has completed its third acquisition this year, purchasing freight broker Worthington Logistics Solutions of Timonium, Md. Read more...
16 Jun Drop in Housing Starts Shows Industry May Weigh on Growth Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce Department data showed June 16. Read more...
15 Jun Marten Transport to Offer Stock Split in July Marten Transport will do a stock split July 7 after a vote from the company's board of directors on June 15. Read more...
15 Jun Chao: Administration Still Figuring Out Funding for Infrastructure Plan The Trump administration has yet to agree on how to fund a portion of a $1 trillion, 10-year infrastructure plan expected to be unveiled this fall, the country's top transportation officer told House funding leaders on June 15, a week after the White House hosted infrastructure-centric events around the country. Read more...
15 Jun Biggest Containership Ever to Call at a Florida Port Arrives at PortMiami The Maersk Shanghai slipped into Government Cut before dawn June 14 and headed to its berth at PortMiami, becoming the largest containership to ever call at a Florida port. Read more...
15 Jun L.A., Long Beach Mayors Sign Pact Setting Zero-Emissions Goals for Ports The mayors of Los Angeles and Long Beach signed an agreement June 12 directing the nation's largest port complex to reduce air pollution by moving toward zero-emission trucks and yard equipment. Read more...