27 Apr DSV to Buy Agility’s Logistics Unit for $4.1 Billion DSV Panalpina A/S agreed to buy Agility Public Warehousing Co.’s Global Integrated Logistics business for $4.1 billion, extending its reach in the air and sea transport industry. Read more...
27 Apr Paccar Reports Surge in Q1 Net Income Truck maker Paccar Inc. reported a surge in net income and improved revenue in the first quarter as its parts business achieved record revenue and pretax profits amid strong demand and booming e-commerce sales. Read more...
27 Apr Merger Battle for Kansas City Southern Heats Up An epic battle is in the early stages with Class I railroad powerhouses Canadian National and Canadian Pacific competing with multibillion-dollar bids to purchase the smaller Kansas City Southern railroad. Read more...
27 Apr FMCSA Encourages Drivers to Practice Work Zone Safety In support of National Work Zone Awareness Week, the Federal Motor Carrier Safety Administration is encouraging drivers of large trucks to use extra caution, and is urging all drivers to remain alert, obey traffic signs and allow all vehicles extra space. Read more...
27 Apr Unpaid Taxes Another Troubling Sign for Lordstown Motors CLEVELAND — The failure of Lordstown Motors, an Ohio-based electric truck startup, to pay $570,000 in real estate taxes due in early March is yet another troubling sign for a company that has been barraged by bad news this year. Read more...
27 Apr Ford to Open Battery Research Lab in Electric Vehicle Push Ford Motor Co. is building a $185 million battery research lab as part of a push to build its own power sources for plug-in cars. Read more...
27 Apr Apple’s $430 Billion US Investment Includes XPO-Run Facility XPO Logistics will operate a $100 million “state-of-the-art” facility and distribution center in Clayton, Ind., for technology giant Apple, the company said April 26. Read more...
27 Apr Rush Reports Q1 Jump in Net Income, Revenue Flat Truck dealership Rush Enterprises Inc. reported first-quarter net income nearly doubled and revenue was essentially flat as the company maintained a strict focus on managing expenses. Read more...
27 Apr Plus, Cummins Partner on Self-Driving CNG Trucks Self-driving truck technology company Plus announced a new initiative with engine manufacturer Cummins Inc. to develop what Plus called the industry’s first driver-in, supervised autonomous trucks powered by natural gas. Read more...
27 Apr Auto Group Backs Guidelines for Partially Automated Vehicles DETROIT — The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them. Read more...