03 Oct Wabco Finalizes Purchase of Meritor’s Share in Joint Venture Wabco Holdings Inc. has completed its $250 million purchase of Meritor Inc.’s stake in their joint venture, formalizing the end of the 27-year arrangement. Read more...
03 Oct Guardrail Maker Wins Reversal of $663 Million Judgment Guardrail maker Trinity Industries Inc. won’t have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail safety system. Read more...
03 Oct More Fleets Boost Driver Pay as Freight-Hauling Capacity Tightens Increased demand for freight hauling is putting more pressure on motor carriers to raise compensation for drivers. Read more...
03 Oct Berkshire Hathaway Buys 38.6% of Pilot Flying J Warren Buffett’s Berkshire Hathaway Inc. bought a stake in Pilot Travel Centers LLC, owner of the Pilot Flying J truck stop chain, and detailed plans to become the company’s biggest shareholder in six years. Read more...
03 Oct Pennsylvania Proposes 6% Warehouse Tax Pennsylvania is floating a tax on warehouse services as a way to help close the budget gap, a move critics say could threaten the fastest-growing sector of the Lehigh Valley economy and force customers of third-party logistics providers to relocate to neighboring states. Read more...
02 Oct Capitol Agenda for the Week of Oct. 2: Seriously, ELD Mandate Is Happening Failed attempts in court and on Capitol Hill to delay the upcoming electronic logging device mandate have done little to discourage critics of the rule who continue to push for a delay. Here's the week ahead for trucking on Capitol Hill. Read more...
02 Oct Genuine Parts Expands to Europe With Purchase of Alliance Automotive Group Genuine Parts Co. has agreed to buy Alliance Automotive Group, a leading distributor of vehicle parts, tools and equipment in Europe, for $2 billion from Blackstone Private Equity and a management group that has owned the company since 2014. Read more...
02 Oct Cummins to Develop Next-Generation Engine for Military Combat Vehicles Cummins Inc. signed a $47.4 million contract to develop and demonstrate a technologically advanced engine for the next generation of U.S. combat vehicles. Read more...
02 Oct Diesel Inches Up 0.4¢ to $2.792 a Gallon The U.S. average retail price of diesel crept up 0.4 cent to $2.792 a gallon, and oil dropped closer to $50 a barrel. Read more...
02 Oct Truckers at Fairgrounds in Pennsylvania Fight Regulations on Their Rigs One of the biggest appeals to driving a truck, Zoranda Newman said, is the beauty of the open road, but she said government regulations are beginning to block the view. Read more...