24 Apr Cost-Cutting Efforts Raise Income at Rush Enterprises Truck dealership Rush Enterprises Inc. saw first-quarter net income climb and revenues dip, as truck sales industrywide, plummeted nearly 30% year-over-year amid challenging market conditions, according to the company. Read more...
24 Apr Platinum Equity to Buy American Traffic Solutions Platinum Equity has agreed to buy American Traffic Solutions, a company that provides red-light and speed safety cameras along with automated toll-payment and violation-management systems in the United States and Canada. Read more...
24 Apr Diesel Dips 0.2¢ to $2.595 a Gallon The U.S. average retail price of diesel slipped 0.2 cent to $2.595 a gallon as oil prices dropped below $50 a gallon and U.S. rig counts continued to rise. Read more...
24 Apr UPS Appoints Juan Perez to Lead Reorganized Unit UPS Inc. announced the alignment of all technology and engineering functions into one organization and reassigned Juan Perez to chief information and engineering officer. Read more...
24 Apr Amazon to Deploy Hydrogen-Powered Forklifts Internet retailer Amazon.com has committed to depoloy forklifts powered by hydrogen fuel cells from Plug Power Inc. at some of its fulfillment centers and will work with the Latham, N.Y.-based company to develop new applications for hydrogen fuel systems. Read more...
24 Apr Tiger Cool Express Receives Funding, Hires President Tiger Cool Express, a provider of refrigerated intermodal service launched in 2013, has received "significant" additional equity funding from the company's private equity backers, according to CEO Tom Finkbiner, who also said that he plans to step down later this year after a successor is found. Read more...
24 Apr Breaking Down California's New Higher Gasoline Tax The California Legislature and Gov. Jerry Brown just passed a bill that will plow $52.4 billion in taxes and fees aimed at shoring up California's freeways, roads and bridges. Read more...
24 Apr Watch: FMCSA Holds Listening Session on Autonomous Vehicles Federal trucking regulators are holding a listening session on autonomous commercial vehicles at the Commercial Vehicle Safety Alliance workshop in Atlanta. Watch live. Read more...
24 Apr Demand for Warehouses Rises in Houston Fueled by Online Shopping The hottest niche in Houston's recovering real estate market is warehouses, evidence of the city's growing position as a distribution center for consumer goods in a rapidly evolving retail environment. Read more...
24 Apr OL International Acquires Project Cargo Specialist Orion Marine Ocean freight forwarder and logistics firm OL International Holdings has purchased Orion Marine Corp., a 45-year-old company that specializes in moving project cargo, oversize loads and hazardous freight to remote locations worldwide. Read more...