05 Sep Descartes Acquires PinPoint GPS Solutions Descartes Systems Group has acquired PinPoint GPS Solutions Inc., a provider of fleet-tracking and mobile workforce management services based in Mississauga, Ontario, for cash and stock valued at C$15 million. Read more...
05 Sep M&K Truck Centers Expands in Michigan M&K Truck Centers has expanded its business in Michigan with the purchase of Volvo truck dealerships in Flint and Saginaw from Graff Truck Centers. Read more...
05 Sep Cargomatic Gets $35 Million in New Funding Cargomatic has secured $35 million in additional funding from Warburg Pincus to continue expanding its load-matching business for drayage and shorthaul trucking markets, according to the San Francisco-based firm. Read more...
05 Sep DOT IG to Audit FRA Vehicle-Train Collision Data Citing a persistent increase in the number of vehicle-train collisions at highway-rail grade crossings in recent years, the Department of Transportation Office of Inspector General has informed the Federal Railroad Administration that it is conducting an audit of the agency’s incident data. Read more...
05 Sep Fiat Chrysler Spends $30 Million on Self-Driving Test Site Near Detroit Fiat Chrysler Automobiles is adding more muscle to its self-driving vehicle testing efforts. The company will spend more than $30 million at a new testing and development facility at its Chelsea Proving Grounds west of Detroit. Read more...
05 Sep NAFTA Talks Restart Under Pressure From Trump and Congress Talks to revamp the North American Free Trade Agreement are set to resume as U.S. and Canadian negotiators push to strike a deal amid President Donald Trump’s threats to walk away. Read more...
05 Sep US Trade Deficit Widened to $50.1 Billion in July WASHINGTON — The U.S. trade deficit widened for the second straight month in July, reaching the highest level since February, as imports hit an all-time high. The deficit in goods with China and the European Union set records. Read more...
04 Sep Diesel Prices Creep Up in Anticipation of Storm Striking Gulf Coast The national average retail price of diesel fuel increased by 2.6 cents, pushing the weekly average to $3.252 a gallon, according to the U.S. Energy Department’s weekly report released Sept. 4. Trucking’s main fuel now costs 49.4 cents a gallon more than it did a year ago, when it was $2.758 a gallon. Read more...
04 Sep AFL-CIO’s Richard Trumka: Trump Inactive on Infrastructure President Donald Trump’s inaction on a long-term infrastructure plan has been detrimental to the country’s labor force, a key national union labor leader recently said on Fox News Sunday. Read more...
04 Sep Tesla’s RoboTaxi Worth a Fraction of Waymo, Morgan Stanley Says Tesla has let more than a few investors down of late, and one part of the company hasn’t quite lived up to expectations at Morgan Stanley either. Read more...