07 Mar Capitol Agenda for the Week of March 7: Fuel Tax Pitch The business community will tell Senate funding leaders on March 8 to raise taxes on fuel as a way to fund big-ticket infrastructure projects. Sarah Kline of the Bipartisan Policy Center explains how P3s can work even in rural communities. Here's the week ahead for trucking on Capitol Hill. Read more...
07 Mar Roadrunner Secures Additional Working Capital, Forbearance Provision Roadrunner Transportation Systems Inc. reached agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a previously announced long-term loan amendment, the motor carrier said. Read more...
06 Mar Oil Slips, Diesel Inches Up 0.2¢ to $2.579 The U.S. average retail price of diesel rose 0.2 cent to $2.579 a gallon as crude oil prices remained near $53 a barrel and U.S. production advanced amid other cuts in global production. Read more...
06 Mar Maersk, IBM Partner to Build Blockchain Tech for Shipping Industry IBM and Danish transport company Maersk said they were working together to digitize, manage and track shipping transactions using blockchain technology. Read more...
06 Mar Navistar Promotes Persio Lisboa to Chief Operating Officer Navistar International Corp. appointed Persio Lisboa to the position of chief operating officer, where he will oversee Navistar's operations, global and sales functions, effective immediately. Read more...
06 Mar Mayors to Congress: Help Fund Major Infrastructure Projects Big-ticket infrastructure projects around the country need a boost from the federal government, more than 30 mayors meeting in Washington, D.C., last week told congressional leaders and Trump administration officials. Read more...
06 Mar U.S. Xpress Offers Apprenticeship Program for Vets to Fill Truck Driver Jobs Don Davis and his wife, Rebekah, nearly doubled their combined income when the two military veterans became commercial truck drivers and started making longhaul trips between Chicago and the East Coast for the Chattanooga, Tennessee-based U.S. Xpress Enterprises. Read more...
06 Mar Traditional Trucking Meets the 'Sharing Economy' With Miami Tech Startup Cargo42 Startup Spotlight: Through a simple-to-use app, Cargo42 provides companies an option to ship locally for a lower rate with trucks that have empty space in them. At the same time, trucking companies enjoy an additional revenue stream and maximize the trucks' productivity. Read more...
06 Mar Canadian Trucking Company Planning Its First US Hub in Pennsylvania A Canadian trucking company plans to establish its first U.S. hub in Pennsylvania's Lehigh Valley and create about 25 jobs. Read more...
06 Mar New GPS Technology Will Help Keep Freight Trains From Crashing. Why is it Taking so Long to Arrive? Nine years ago, Union Pacific Railroad supervisor Ricky Durrant was called to a ghastly scene in Southern California. Read more...