20 Mar Warren Buffett Reveals He Paid $2.786 Billion for Stake in Pilot Flying J Warren Buffett said his Berkshire Hathaway Inc. made only one “sensible” stand-alone acquisition last year, and it didn’t do much for his growing pile of cash. Read more...
20 Mar Explosion at FedEx Facility in Texas Follows Bombings in Austin U.S. federal authorities investigated an explosion early March 20 at a FedEx Corp. facility in Schertz, Texas, following a series of bombs that exploded this month in Austin and left two people dead. Read more...
20 Mar Knight Acquires Abilene Motor Express Phoenix-based Knight-Swift Transportation Holdings will acquire privately-held Abilene Motor Express for an undisclosed purchase price. Read more...
19 Mar Diesel Dips 0.4¢ to $2.972, Oil Stalls at $62 a Barrel The U.S. average retail price of diesel fell 0.4 cent to $2.972 as energy production in the U.S. remained strong and the price of crude oil stalled near $62 a barrel. Read more...
19 Mar Kenworth T680 Adds Integrated Powertrain Option Kenworth Truck Co. announced that its T680 on-highway flagship Class 8 is now available for order for the first time with the combination of the Paccar MX-11 engine and the new Paccar automated transmission. Read more...
19 Mar Penske Truck Leasing Adds Digital Prompts for Maintenance Technicians Penske Truck Leasing Co. has begun using fully digital and voice-directed truck fleet preventive maintenance processes that technicians follow when working on its fleet of more than 266,000 vehicles. Read more...
19 Mar Acquisitions Drive Daseke Revenues Higher Daseke Inc. reported a much-improved fourth quarter 2017 over the same period the year before, driven in part by seven acquisitions it made in 2017. Read more...
19 Mar Rush Enterprises Increases Stock Repurchase, Targets $7 Billion in Revenue National truck dealership Rush Enterprises Inc. increased its existing stock repurchase program by $35 million, and views the move as supporting its multiyear growth strategy. Read more...
19 Mar Canadian Logistics Firm Plans Significant US Expansion After Acquiring Houston Company Montreal-based Logistec Corporation said it is significantly expanding its business operations in the United States with the acquisition of Gulf Stream Marine, a Houston cargo handling, stevedoring and terminal operator in the Gulf Coast region. Read more...
19 Mar Driver Turnover Rates Down in 4Q Driver turnover rates fell at the end of 2017 as tonnage volume rose and trucking firms focused on a mix of pay increases, sweetened benefits and other inducements to recruit and retain drivers. Read more...