20 Feb Wheaton Van Lines Acquires Stevens Worldwide Wheaton Van Lines is acquiring Stevens Worldwide Van Lines, adding a fourth household goods moving company to its corporate holdings. Read more...
20 Feb Alberta Expects $1.7 Billion Profit From Crude-by-Rail Operation Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture. Read more...
20 Feb Trump to Nominate DOT Official Jeffrey Rosen for Deputy Attorney General Post President Donald Trump plans to nominate Jeffrey Rosen as the new deputy attorney general, the White House said the night of Feb. 19. Read more...
20 Feb Tesla CEO Elon Musk Sets Goal of Making 500,000 Cars in 2019 Elon Musk said Tesla Inc. will make about 500,000 cars this year, a prediction that’s difficult to gauge given the CEO’s proclivity for setting stretch goals. Read more...
20 Feb Volvo’s First Electric Trucks Put to Work Volvo Trucks delivered its first all-electric vehicles to two companies operating in Sweden. Read more...
20 Feb PepsiCo Buys Wellness-Focused Muscle Milk in New CEO’s First Move New PepsiCo Inc. CEO Ramon Laguarta has made his first acquisition, purchasing the maker of sports and wellness products Muscle Milk from Hormel Foods Corp. for an undisclosed amount. Read more...
20 Feb White House Cancels $929 Million in Grants for California’s Beleaguered Rail Project The Trump administration on Feb. 19 said it will cancel more than $900 million in federal grants earmarked for a high-speed rail project California that the state’s Democratic governor announced would be scaled back from its initial vision amid delays and cost overruns. Read more...
20 Feb Corn Included in Trump’s Trade Talks With China U.S. corn sales to China have been part of the ongoing trade discussions between the nations, President Donald Trump said from the White House Oval Office on Feb. 19. Read more...
20 Feb January Trailer Orders Fall 35%, but Extend Record Backlog U.S. trailer orders in January reached 25,800, dropping 35% compared with a year earlier, according to ACT Research Co. Read more...
20 Feb Fleets Do Their Own Truck Repairs, Open Service Bays to Offset Cost Fleets find that by performing their own repairs, they can better control repair and wait times, and going commercial enables them to offset costs. Repairs can happen quickly while drivers are at home during their off-duty hours, making it a recruiting and retention tool. Read more...