28 Nov Kuehne + Nagel Continues Acquisition Strategy, Buys Quick International Courier Swiss freight forwarder Kuehne + Nagel International AG has purchased Quick International Courier, a leading provider of time-critical transportation services, from The Jordan Co., an investment firm that has been on a logistics buying spree over the past couple of years. Read more...
28 Nov Freedom Truck Finance Enters Agreement With Deutsche Bank Freedom Truck Finance, a Dallas-based secondary truck and trailer finance company, has entered into a $200 million senior secured credit facility with Deutsche Bank. The proceeds were used to repay the company’s existing senior revolving credit facility and also will be used to fund new portfolio growth, according to a Nov. 21 press release. Read more...
28 Nov Palmer Trucks Opens Parts-Only Store in Kentucky Palmer Trucks, a regional provider of Kenworth products, has opened a parts-only store, TRP of Northern Kentucky, in Erlanger, Ky. The store opened Nov. 19, according to a Nov. 20 press release. Read more...
28 Nov J.B. Hunt, Project44 Collaborate on J.B. Hunt 360 J.B. Hunt Transport Services will enter a technology collaboration with project44, a visibility platform for shippers and 3PL firms. Read more...
28 Nov New-Home Sales Fall in October, Missing Projections Sales of new U.S. homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market. Read more...
28 Nov Economy Grows at Unrevised 3.5% Pace in Third Quarter The U.S. economy remained on a solid footing in the third quarter, matching previously reported results, as stronger business investment and a bigger boost from inventories cushioned a trade drag that matched the worst since 1984. Read more...
28 Nov Penske Partners with TechForce on Technician Recruitment Penske Truck Leasing has partnered with TechForce Foundation on the latter’s FutureTech Success campaign, which supports the recruitment of new fleet-maintenance technicians. Read more...
28 Nov New York City to Roll Out ‘High Vision’ Trucks New York City’s initiative to reduce traffic deaths may be called Vision Zero, but for municipal truck drivers it will translate into a little more vision — in the form of fewer blind spots. Read more...
28 Nov Continental Opens Employee Training Center in Mississippi Continental, a technology company and tire manufacturer, has opened its employee training center in Clinton, Miss. Read more...
28 Nov Trump Threatens Punishment After GM Announces Layoffs, Plant Closures WASHINGTON – President Donald Trump threatened Nov. 27 to end consumer subsidies for electric cars sold by General Motors in the wake of the company’s announcement of layoffs and plant closures in Michigan, Ohio and Maryland. Read more...