05 Sep Amazon Orders 20,000 Mercedes Vans to Bolster Delivery Program Daimler AG is emerging as a beneficiary of Amazon.com Inc.’s booming package-delivery needs, with the e-commerce giant ordering 20,000 of the German automaker’s Mercedes-Benz Sprinter vans. Read more...
05 Sep Kriska Transportation Group Acquires Refrigerated Carrier BTC Express Kriska Transportation Group announced the purchase of BTC Express, a refrigerated truckload carrier operating in Canada and the United States. Read more...
05 Sep Transporeon Group, TIM Consult Plan to Merge Transporeon Group and TIM Consult GmbH announced plans to merge in an effort to provide a broader portfolio of logistics consulting and procurement services for shippers. Read more...
05 Sep Descartes Acquires PinPoint GPS Solutions Descartes Systems Group has acquired PinPoint GPS Solutions Inc., a provider of fleet-tracking and mobile workforce management services based in Mississauga, Ontario, for cash and stock valued at C$15 million. Read more...
05 Sep M&K Truck Centers Expands in Michigan M&K Truck Centers has expanded its business in Michigan with the purchase of Volvo truck dealerships in Flint and Saginaw from Graff Truck Centers. Read more...
05 Sep Cargomatic Gets $35 Million in New Funding Cargomatic has secured $35 million in additional funding from Warburg Pincus to continue expanding its load-matching business for drayage and shorthaul trucking markets, according to the San Francisco-based firm. Read more...
05 Sep DOT IG to Audit FRA Vehicle-Train Collision Data Citing a persistent increase in the number of vehicle-train collisions at highway-rail grade crossings in recent years, the Department of Transportation Office of Inspector General has informed the Federal Railroad Administration that it is conducting an audit of the agency’s incident data. Read more...
05 Sep Fiat Chrysler Spends $30 Million on Self-Driving Test Site Near Detroit Fiat Chrysler Automobiles is adding more muscle to its self-driving vehicle testing efforts. The company will spend more than $30 million at a new testing and development facility at its Chelsea Proving Grounds west of Detroit. Read more...
05 Sep NAFTA Talks Restart Under Pressure From Trump and Congress Talks to revamp the North American Free Trade Agreement are set to resume as U.S. and Canadian negotiators push to strike a deal amid President Donald Trump’s threats to walk away. Read more...
05 Sep US Trade Deficit Widened to $50.1 Billion in July WASHINGTON — The U.S. trade deficit widened for the second straight month in July, reaching the highest level since February, as imports hit an all-time high. The deficit in goods with China and the European Union set records. Read more...