10 Apr Transcontinental Opens Door to Amazon With Coveris Takeover Canada’s biggest printer says its latest deal opens the door to making Amazon.com a customer as the online retail giant tries to break into the fresh food delivery business. Read more...
10 Apr Dolly Seeks to Find Niche in Bulk-Moving Sector Another firm has joined the competitive same-day delivery space, facing off against major logistics firms as it works to find a niche in moving and delivering bulky, heavy items for retailers and consumers. Seattle-based Dolly recently expanded to serve seven large cities and has teamed with such merchants as Costco Wholesale Corp., Crate & Barrel, Lowe’s Cos. and The Container Store. Read more...
10 Apr FleetCor Boosts CEO Ron Clarke’s 2017 Pay 79% to $52.6 Million FleetCor Technologies Inc. gave CEO Ron Clarke a 79% raise, lifting his compensation to $52.6 million for 2017, the same year investors upbraided the company for paying him too much. Read more...
10 Apr Wholesale Prices in US Climb More Than Forecast in March U.S. wholesale prices advanced in March by more than forecast, reflecting broad increases in the costs of services and goods, a Labor Department report showed April 10 in Washington. Read more...
10 Apr FMCSA Grants Fuel Tank Drivers 5-Year Rest-Break Exemption The Federal Motor Carrier Safety Administration has granted a five-year exemption from the 30-minute rest-break requirement for trucks hauling petroleum products and will allow fuel trucks to operate 12 hours a day without triggering the requirement under certain conditions. Read more...
10 Apr Investors, Fleets Back Video-Based Telematics A pair of recent events helped underscore the key role video is playing in fleet operations: Lytx, a video telematics provider, received a $700 million capital infusion from private equity firms; and Penske Logistics launched a video-based safety program in 2,800 of its heavy-duty trucks in its North America operations using equipment from SmartDrive Systems. Read more...
10 Apr Canada Stresses Technology to Facilitate Cross-Border Freight The movement of cargo offers vast possibilities for technological innovation, according to Canadian Minister of Transport Marc Garneau. Read more...
09 Apr US Agencies Agree to Slash Approval Times for Infrastructure Projects More than a dozen federal agencies agreed to slash the time needed for environmental reviews and permitting on major infrastructure projects, a cornerstone of President Donald Trump’s infrastructure plan. Read more...
09 Apr Diesel Average Essentially Flat, Rising Just 0.1¢ to $3.043 a Gallon The U.S. average retail price of diesel rose 0.1 cent to $3.043 as oil remained near $63 a barrel amid ongoing uncertainty over a U.S. trade war with China. Read more...
09 Apr Oil-Services Investors Unmoved by Latest US Sanctions on Russia Investors of the world’s biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia. Read more...