18 Oct Firmament Provides Debt Financing for NextGen’s Acquisition of Condata The Firmament Group, a provider of debt and equity capital solutions to small- and medium-size enterprises, announced that it would back NextGen Growth Partners’ acquisition of Condata Global Inc. with debt financing. Read more...
18 Oct Delmar International Acquires CV Logistics Delmar International, a Lachine, Quebec, company whose offerings include freight forwarding and warehousing and distribution, has announced the acquisition of CV Logistics, also in Quebec. Read more...
18 Oct Infrastructure, Climate to Be Priorities for Democrats in Congress in 2019 The White House next year intends to promote a robust infrastructure agenda and will expect Congress to produce legislation that would ensure long-term funding for roads and bridges, Senior Republican policymakers in the U.S. House told Transport Topics in recent interviews. Read more...
18 Oct Congestion Creates $74.5 Billion Burden for Trucking, ATRI Study Shows Traffic congestion on the nation’s highways added $74.5 billion in operational costs to the trucking industry in 2016, according to the American Transportation Research Institute’s recent analysis. Read more...
18 Oct Nation’s Ports Booming in Anticipation of Holiday Shopping Season Many of the nation’s ports continue to see growth in import and export activity, as retailers gear up for what is expected to be a strong fourth quarter and holiday shopping season. Read more...
18 Oct Walmart Unveils High-Tech Grocery Warehouse Walmart Inc. is building a high-speed grocery warehouse to solidify its position as the nation’s biggest grocer. Read more...
18 Oct States Will Lead in Infrastructure Funding Innovations, IBTTA Panelists Say BALTIMORE — Infrastructure funding programs across several states eventually will serve as models for federal transportation agencies, experts at a conference hosted by a tolling advocacy group indicated Oct. 15. Read more...
18 Oct SMC3 Adds Volume LTL Pricing API SMC3, a knowledge hub for LTL transportation pricing data and technology, has added a tool to its platform. Read more...
18 Oct Amazon, FedEx, UPS Could Gain from Trump Threat to Leave Postal Union U.S. e-commerce companies including Amazon.com and shippers such as FedEx Corp. and UPS Inc. stand to gain from the Trump administration’s move Oct. 17 to withdraw from an international postal agreement. Read more...
18 Oct Car Wars: Steel Shows Strength Against Aluminum Rise Lightweight aluminum has chipped away at steel’s use in vehicles as fuel efficiency standards have risen. Now steelmakers are fighting back. Their newest alloy could make its way to carmakers by 2021, with some available as early as next year, said Eric Petersen, vice president for research and innovation at AK Steel Holding Corp. Read more...