23 Apr Cameron Ramsdell to Lead Newly Formed U.S. Xpress Ventures U.S. Xpress Enterprises Inc. announced it established U.S. Xpress Ventures, a business unit focused on developing and implementing new asset-based business models and technology strategies within the company. It named Cameron Ramsdell president of the new unit. Read more...
23 Apr Federal BUILD Grants Application Opportunity Announced Federal infrastructure grants designed to facilitate big-ticket projects nationwide are back in the spotlight. Read more...
23 Apr Speed Limit Increases Responsible for Thousands of Extra Roadway Fatalities, Study Finds A new study of maximum speed limit increases on U.S. roadways from 1993-2017 has concluded that more than 36,000 lives could have been spared if states had not increased their maximum speed limits over the 25-year period. Read more...
22 Apr Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall Celadon Group Inc. is selling its Celadon Logistics brokerage and third-party logistics subsidiary in a $60 million deal that helps advance the Indianapolis-based company’s plan to shore up its business in the wake of accounting troubles that date back several years. Read more...
22 Apr Diesel Jumps 2.9¢ a Gallon to $3.147 The U.S. average retail price of diesel climbed 2.9 cents to $3.147 a gallon, and crude oil prices pushed past $65 a barrel to post a six-month high, the Department of Energy reported April 22. Read more...
22 Apr Brown Gibbons Lang Acquires Lumitec Brown Gibbons Lang and Co. acquired Lumitec by Truck-Lite Co., according to an April 17 news release. Read more...
22 Apr Transtex Buys TopKit, LeadEdge From SmartTruck Transtex, a manufacturer of aerodynamic products and fleet-safety technology for commercial vehicles, has acquired TopKit and LeadEdge Top Fairing assets from SmartTruck, a precision aerodynamics company based in Greenville, S.C. Read more...
22 Apr World Distribution Services Plans New Warehouse in Virginia Beach World Distribution Services plans to spend $6.2 million to renovate a warehouse facility near the Port of Virginia in Norfolk. Read more...
22 Apr TruStar Energy Reaches Construction Milestone TruStar Energy announced it completed construction of its 250th compressed natural gas fueling station, a UPS Inc. facility in Plainfield, Ind. Read more...
22 Apr Tesla Gears Up for Driverless Cars in 2020 Amid Skepticism SAN FRANCISCO — Tesla CEO Elon Musk appears poised to transform the company’s electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years. Read more...