10 Apr Trucking Industry Posts Big Job Gains in March March was a busy hiring month for trucking, as the industry added 6,700 jobs and transportation and logistics companies added 9,800 positions, according to the U.S. Labor Department monthly jobs report. Read more...
10 Apr US Oil Debt Eases U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas. Read more...
10 Apr Federal Agencies Sign Agreement to Streamline Infrastructure Permitting A dozen federal agencies have pledged to streamline environmental permitting for major infrastructure projects, a priority President Donald Trump has pursued since he took office. Read more...
10 Apr Tennessee Officials Unveil $2.6 Billion Transportation Improvement Plan The repair and replacement of bridges is a top priority outlined in Tennessee’s Transportation Improvement Plan. Gov. Bill Haslam and Tennessee Department of Transportation Commissioner John Schroer unveiled the plan, which covers 2019-21, on April 5. The plan features $2.6 billion in infrastructure investments and encompasses 116 projects. Read more...
10 Apr Nikola Eliminates Truck Deposits, Expands Initial Fueling Network Nikola Motor Co. moved to differentiate itself further from rival Tesla Inc. by no longer requiring deposits on its upcoming trucks and returning deposits it has collected as it prepares to announce a major new fleet customer in early May. Read more...
10 Apr Transcontinental Opens Door to Amazon With Coveris Takeover Canada’s biggest printer says its latest deal opens the door to making Amazon.com a customer as the online retail giant tries to break into the fresh food delivery business. Read more...
10 Apr Dolly Seeks to Find Niche in Bulk-Moving Sector Another firm has joined the competitive same-day delivery space, facing off against major logistics firms as it works to find a niche in moving and delivering bulky, heavy items for retailers and consumers. Seattle-based Dolly recently expanded to serve seven large cities and has teamed with such merchants as Costco Wholesale Corp., Crate & Barrel, Lowe’s Cos. and The Container Store. Read more...
10 Apr FleetCor Boosts CEO Ron Clarke’s 2017 Pay 79% to $52.6 Million FleetCor Technologies Inc. gave CEO Ron Clarke a 79% raise, lifting his compensation to $52.6 million for 2017, the same year investors upbraided the company for paying him too much. Read more...
10 Apr Wholesale Prices in US Climb More Than Forecast in March U.S. wholesale prices advanced in March by more than forecast, reflecting broad increases in the costs of services and goods, a Labor Department report showed April 10 in Washington. Read more...
10 Apr FMCSA Grants Fuel Tank Drivers 5-Year Rest-Break Exemption The Federal Motor Carrier Safety Administration has granted a five-year exemption from the 30-minute rest-break requirement for trucks hauling petroleum products and will allow fuel trucks to operate 12 hours a day without triggering the requirement under certain conditions. Read more...