20 Apr March Truck Tonnage Falls 9.5% Year-Over-Year Truck tonnage in March declined on an annual and month-to-month basis, but the year-ago decline is up against comparisons to the first month that the COVID-19 pandemic gripped the nation, said American Trucking Associations Chief Economist Bob Costello in the federation’s monthly For-Hire Truck Tonnage Index release. Read more...
20 Apr FedEx Close to a Deal to Lease Site North of Seattle Boeing is close to finalizing a deal to transfer the lease of its Dreamlifter Operations Center at Paine Field in Everett, Wash., to air cargo carrier FedEx Corp., according to a document reviewed by the Seattle Times that outlines terms of the discussion. Read more...
20 Apr Mullen Group to Acquire Bandstra Group Mullen Group on April 16 signed a definitive share purchase agreement to acquire the Bandstra Group of Cos. Read more...
20 Apr CN Makes $33.7 Billion Bid for Kansas City Southern A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway. Read more...
20 Apr Oil Marks Anniversary of Crash Below Zero With Rise Toward $64 Oil rose toward $64 a barrel, a year to the day after futures for the U.S. benchmark collapsed below zero, with the world’s most important commodity extending its rally on bets for better demand. Read more...
19 Apr XPO Logistics Announces Mark Manduca as Chief Investment Officer for GXO XPO Logistics announced Mark Manduca will become chief investment officer of its planned spinoff business, GXO Logistics. Read more...
19 Apr KC Southern Reports Mixed Q1 Earnings Kansas City Southern reported mixed first-quarter earnings. Read more...
19 Apr Diesel Dips Half a Cent to $3.124 a Gallon The national average price of a gallon of diesel dipped half a cent to $3.124 a gallon, according to Energy Information Administration data released April 19. Read more...
19 Apr EPA Provides Updates on Emissions Standards, SmartWay Activities The U.S. Environmental Protection Agency expects to issue a notice of proposed rulemaking later this year aimed at establishing new emissions standards for oxides of nitrogen (NOx) and other pollutants for highway heavy-duty engines, an EPA official told the S.11 study group of the Technology & Maintenance Council of American Trucking Associations during TMC’s virtual spring meeting. Read more...
19 Apr UAW Strikes VTNA’s New River Valley Plant Volvo Trucks North America on April 19 announced the United Auto Workers has called a strike at its New River Valley truck assembly operations in Dublin, Va. Read more...