22 Oct Manitoulin of Toronto Buys Miami Logistics Company Manitoulin Global Forwarding acquired Demark Global Logistics of Miami, according to a news release by Toronto-based Manitoulin. Read more...
22 Oct Rio to Produce Lithium in California, Joining Electric Car Battery Race Rio Tinto Group is starting pilot production of lithium in California and will consider an expansion to become the top domestic supplier in the U.S. as the world’s biggest miners look to boost their exposure to the electric car battery revolution. Read more...
22 Oct Kansas City Southern Reports Strong Third-Quarter Earnings Kansas City Southern on Oct. 18 reported an increase in net income in the third quarter, along with record revenue for the company in any quarter. Read more...
22 Oct California Governor Wants Investigation of High Gas Prices SACRAMENTO, Calif. — California’s governor has asked the attorney general to investigate why the state’s gas prices are so high, pointing to a new report suggesting big oil companies are “misleading and overcharging customers” by as much as $1 per gallon. Read more...
22 Oct Stamps.com Soars as UPS Deal Seen as ‘Step in the Right Direction’ Stamps.com Inc. shares rallied Oct. 22 ahead of the opening bell after UPS Inc. announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000. Read more...
22 Oct Fatalities in Crashes Involving Large Trucks Increased by Just Under 1% from 2017 to 2018 DETROIT — The U.S. government’s road safety agency says traffic deaths fell by a small amount for the second straight year. Read more...
22 Oct FMCSA Says Drug, Alcohol Clearinghouse Will Be Open to Other Agencies The Federal Motor Carrier Safety Administration has announced its plans to permit Drug and Alcohol Clearinghouse records to be disclosed to agencies outside the U.S. Department of Transportation to ensure compliance with drug testing regulations. Read more...
21 Oct Diesel Slips 0.1¢ to $3.050 a Gallon The U.S. average retail price of diesel dropped by 0.1 cent to $3.050 a gallon, the Department of Energy reported Oct. 21. Read more...
21 Oct Konexial Acquires Axle Technologies’ ELD, Fleet Management Customers Konexial Inc. acquired Axle Technologies’ complete roster of electronic logging device and fleet management customers, Konexial officials said Oct. 21. Read more...
21 Oct Einride Adds Investors, Eyes U.S. Market Einride, the Swedish provider of an autonomous, all-electric transport vehicle, announced $25 million in Series A funding to assist in expanding to the United States, among other goals. Read more...