17 Jul Lineage Raises $700 Million From Stake Sale to Stonepeak, D1 Lineage Logistics, which calls itself the fastest-growing provider of temperature-controlled services such as transportation and storage, sold a minority stake worth $700 million, according to its CEO and co-founder. Read more...
17 Jul UPS Begins Smart-Access Delivery in New York City Your packages are here, and you’re not. It’s all right — they’ll just let themselves in. Read more...
17 Jul Despite Needs, Private Infrastructure Investment Slow to Take Hold Lambert International Airport in St. Louis traces its history to aviation’s beginnings. The man it’s named after — Albert Bond Lambert — learned to fly with the Wright brothers. Charles Lindbergh started there, delivering airmail, and then christened his famous plane the Spirit of St. Louis. In 1928, the facility became one of the first municipally owned airports in the America. Read more...
17 Jul Spot Truckload Rates Continue to Soar Amid Record Demand Capacity shortfalls combined with increased demand for truckload shipments are continuing to boost spot rates to record levels, according to DAT Solutions, which also said in what is an atypical trend, spot rates now are exceeding long-term contract rates. Read more...
17 Jul Waste Management Seeks HOS Exemption From FMCSA Waste Management Holdings Inc. has submitted a request to the Federal Motor Carrier Safety Administration asking for a five-year exemption from certain hours-of-service rules. Read more...
17 Jul Canadian Trucking Alliance Unveils 10-Point Plan to Improve Compliance, Safety The Canadian Trucking Alliance has created a 10-point action plan that presents ways in which CTA and provincial trucking associations aim to work with Transport Canada and local government agencies on strengthening compliance with issues such as hours of service and distracted driving. Read more...
16 Jul Diesel Flat at $3.239 Per Gallon The U.S. average retail price of diesel fuel was virtually flat last week, falling 0.4 cent to $3.239 a gallon, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration. Read more...
16 Jul Stay Metrics Analysis Finds New Drivers Spur Higher Turnover Rates More than 70% of driver turnover occurs in the first year of employment, and 36% of drivers leave a firm within their first three months on the job, according to an analysis from Stay Metrics, the South Bend, Ind.-based driver turnover and retention consultant to carriers. Read more...
16 Jul Trucker Tools Raises $4.4 Million in Series A Funding Trucker Tools LLC, a Reston, Va.-based company that provides carrier capacity management and predictive freight-matching solutions, said on July 12 it has raised $4.4 million in Series A funding from its existing investors to support customer acquisition and product development. Read more...
16 Jul Longshoremen’s Union to Vote on Contract for Port of New York-New Jersey Members of the International Longshoremen’s Association will vote on whether to ratify a new six-year contract covering employees at the Port of New York and New Jersey. Read more...