31 Jan Georgia Legislative Panel Recommends $121.5 Billion Freight Spend Georgia should spend up to $121.5 billion more over 30 years to improve the movement of freight across the state, a legislative panel has recommended. Read more...
30 Jan Strong Holiday Orders, Close Ties to Amazon Boost UPS Q4 Earnings UPS Inc., fueled by demand from e-commerce giant Amazon.com, on Jan. 30 reported a gain in fourth-quarter profit on an adjusted basis and in revenue while noting a one-time charge that dragged net results. Read more...
30 Jan Volkswagen's Traton Unit Submits Buyout Offer for Navistar Navistar International Corp. said it has received an unsolicited buyout offer from its European truck partner Traton SE — which is owned by Germany’s Volkswagen AG — in a $35 per share cash offer. Read more...
30 Jan Coronavirus Emergency Declared; WHO Downplays Trade Impact The World Health Organization declared the coronavirus outbreak that started in China a global emergency Jan. 30 after the number of cases worldwide spiked more than tenfold in a week. Read more...
30 Jan Toll Charges Continue to Have an Impact on Trucking’s Bottom Line, Says ATRI Study Toll charges have increased significantly over the past decade, and continue to have a major impact on trucking financial results, according to a new study by American Transportation Research Institute. Read more...
30 Jan China’s Auto Production to Drop 15% Because of Virus, Supplier Aptiv Says Automakers probably will dial back production by 15% in China this quarter after extending holiday shutdowns due to the potentially deadly coronavirus, a top supplier said. Read more...
30 Jan Oil Traders Brace for Asian Refining Cuts Oil traders in Asia are expecting refineries to cut operating rates and extend shutdowns as the spread of coronavirus stops people from flying or traveling by road. Read more...
30 Jan Ex-Celadon CEO Paul Svindland Gets Same Post at STG Logistics STG Logistics has hired Paul Svindland as CEO, the Chicago-based company announced Jan. 28. Read more...
30 Jan Amazon to Make New Staten Island Warehouse a Delivery Station Amazon says a new 450,000-square-foot warehouse leased in Bloomfield will be used as a delivery station that will help speed up deliveries to local residents. Read more...
30 Jan UPS-Waymo Partnership to Start in Near Future UPS and Waymo announced Jan. 29 a pilot program for autonomous vehicle package pickup in Phoenix. Read more...