07 Feb Cummins Top Overall Supplier of Class 8 Diesel Engines in 2018 Independent engine maker Cummins Inc. supplied the most Class 8 diesel engines overall in 2018, and set a record for its heavier-displacement units used in one of the strongest years on record for new truck demand, WardsAuto.com reported. Read more...
07 Feb Polar Vortex Exposed Range Limitations of Electric Car Batteries, AAA Says DETROIT — Cold temperatures can sap electric car batteries, temporarily reducing their range by more than 40% when interior heaters are used, a new study found. Read more...
07 Feb Infrastructure Stakeholders to Congress: Fix the Highway Trust Fund Nearly a dozen stakeholders representing local governments and the freight and commuter sectors on Feb. 7 urged a House transportation panel to identify a sustainable source of funding for an infrastructure bill. Read more...
07 Feb Brixey & Meyer Capital Acquires CityDash Investment firm Brixey & Meyer Capital announced it has acquired CityDash, a company based in Cincinnati that offers local and regional delivery services for packages and freight. Read more...
07 Feb Americold Acquires PortFresh Warehouse, Plans Port of Savannah Expansion Cold storage warehouse operator Americold acquired PortFresh Holdings in Savannah, Ga., and said it will build a 15 million-square-foot cold storage facility on an adjacent site as part of a move to increase the firm’s share of the market for food imports and exports at the Port of Savannah. Read more...
07 Feb Amazon Cuts Deal to Unfreeze Suspended Product Listings in India Amazon.com resurrected thousands of suspended product listings in India by selling much of its stake in top local venture partner Cloudtail, a hastily arranged deal intended to comply with stringent new e-commerce regulations that upended the market. Read more...
07 Feb DSV Says Takeover Goal ‘Not Dead’ as Panalpina Speculation Grows DSV A/S, one of the world’s biggest freight forwarding companies, will pursue a plan to take over Panalpina even after the Swiss company’s biggest shareholder made clear it’s opposed to the tie-up. Read more...
07 Feb Old Dominion Reports Revenue Gains for 4Q, Full Year Old Dominion Freight Line Inc. on Feb. 7 reported strong fourth-quarter and full-year results. Read more...
07 Feb Steel Expected to Struggle on China Tariffs After two years of bumper profits, the steel industry is entering a slowdown. ArcelorMittal, as well as smaller European producers like Salzgitter AG and Voestalpine AG, are sounding the alarm about weakening conditions, particularly in China. The country, which uses about half of the world’s steel, is now expected to see a drop in demand, the first contraction since 2015. Read more...
07 Feb Mullen Group Takes Hit From Downturn in Oil Field Services Mullen Group reported higher revenue and profits in the fourth quarter of 2018 despite a “market meltdown” caused by falling oil prices that curtailed demand for transportation services as the year ended. Read more...