19 Jun Europe Said to Seek WTO Revamp in Face of Trump Trade Challenge European Union leaders plan to push for improvements in the way the World Trade Organization operates, saying it is important to uphold the global commercial order amid “growing” tensions prompted by President Donald Trump’s tariffs. Read more...
19 Jun John Conkin, Longtime Commercial Lender in Trucking, Dies at 62 John Conkin, a longtime commercial lender and supporter of the trucking industry who most recently was managing director at BMO Transportation Finance, died June 3 after a long battle with cancer. He was 62. Read more...
19 Jun Investors Bet on the Uber of Brazilian Trucking Brazilian truckers still get much of their business off of handwritten placards. he antiquated and inefficient system was ripe, low-hanging fruit to Federico Vega. Read more...
19 Jun UPS Invests $130 Million in Natural Gas Vehicles, Infrastructure UPS Inc. announced an additional $130 million investment in compressed natural gas vehicles, including 400 semi-tractors and 330 terminal trucks and five more fueling stations — underscoring the company’s role as a major catalyst for wide-scale adoption of natural gas vehicles. Read more...
19 Jun China Vows to Retaliate as Trump Targets $200 Billion in Tariffs Trade tensions between the world’s biggest economies intensified, with China vowing to retaliate “forcefully” against President Donald Trump’s threatened tariffs on an additional $200 billion in Chinese imports. Read more...
19 Jun Geotab Buys EV Telematics Firm FleetCarma Telematics provider Geotab expanded in the electric vehicle fleet arena, purchasing Waterloo, Ontario-based FleetCarma. Read more...
19 Jun North Carolina Legislature Advances Bill That Would Offer Funding Tool for Highway Projects The North Carolina legislature recently passed a bill that would provide a financing tool to support highway projects. Read more...
19 Jun Bright Light Partners Expands Logistics, Drayage Footprint Bright Light Partners has expanded the geographic footprint of its logistics and drayage operations, purchasing First Coast and Mile High Logistics, affiliated firms based in Jacksonville, Fla., that claim more than 1,600 drivers at 60 locations primarily serving the Southeast, East Coast, Mid-Atlantic and Gulf Coast. Read more...
18 Jun XPO, Nestle Team on UK Distribution Center XPO Logistics has joined with food and drink giant Nestle to create a 638,000-square foot distribution center that will feature robotics and state of the art automation in Leicestershire, United Kingdom. The center is scheduled to be completed in 2020. Read more...
18 Jun Diesel Price Drops Again to $3.244 a Gallon The U.S. average retail price of diesel fuel fell 2.2 cents to $3.244 a gallon, the third week in a row of moderate declines, according to the weekly report June 18 from the U.S. Department of Energy’s Energy Information Administration. Read more...