29 Jan Paccar Reports Fourth-Quarter, Full-Year Revenue Records Paccar Inc. reported record revenue in the fourth quarter and, excluding one-time benefits, higher net income. Annual revenue and net income set records, too, as it delivered 189,100 vehicles worldwide in 2018. Read more...
29 Jan Aftermarket Seeks to Keep Up as Truck Makers Broaden Approach LAS VEGAS — Truck makers are wrestling with how to invest in automation, electrification and traditional powertrains — all at once. Additionally, more trailers will use telematics to relay diagnostic information and secure parts while new relationships will form between suppliers and technology startups, according to experts at the Heavy Duty Aftermarket Dialogue. Read more...
29 Jan GlobalTranz Buys California Brokerage, Logistics Company Our Freight Guy GlobalTranz Enterprises Inc., a third-party logistics service provider, has acquired California-based freight brokerage and logistics company Our Freight Guy. Read more...
29 Jan FoodMaven Secures $10 Million Funding Round FoodMaven, which provides an online marketplace for oversupplied, out-of-spec and local food, has closed a $10 million round of funding, the Colorado Springs, Colo., startup said. Read more...
29 Jan Tariffs, Trade Policies Concern Shippers in North American Markets ATLANTA — Disruption is increasingly happening for freight movers as they seek to cross the United States’ borders with Mexico and Canada, and it’s not the positive technological change often associated with that word. Instead, it’s delayed freight or higher costs. Read more...
29 Jan As China Reduces Pollution, Value of Vessels Transporting LNG Increases The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this year. Read more...
29 Jan Transportation Agencies Reopen After Truce Ends Historic Shutdown The truce between congressional Democrats and President Donald Trump on Jan. 25 halting the longest federal government shutdown in history meant more than 16,000 staffers at the U.S. Department of Transportation will no longer be furloughed. Read more...
29 Jan FedEx Introduces Way for Retailers to Outrace Amazon in Delivery FedEx Corp., looking beyond Amazon.com Inc. for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers. Read more...
29 Jan Knight-Swift Transportation Holdings Reports Profit Gains in 4Q Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units. Read more...
29 Jan Tax Refunds Will Be Paid on Time Despite Shutdown, Mnuchin Says The U.S. Treasury Department is ready for the tax season and will pay tax refunds “as normal,” Treasury Secretary Steven Mnuchin told Fox Business News on Jan. 29. Read more...