23 Feb Poor January Retail Sales May Signal the Market Hit Bottom U.S. retail sales of Class 8 trucks in January - typically a skimpy point in any year - barely squeaked past 10,000 units and were the lowest in nearly six years as they fell 31.4% year-over-year, WardsAuto.com reported. Read more...
23 Feb Vigillo Acquired by SambaSafety Driver risk-management firm SambaSafety has acquired Vigillo, a provider of data analytics software designed to help carriers manage their performance under the federal Compliance, Safety, Accountability program. Read more...
23 Feb Ritchie Bros. Orlando Auction Expected to Be Its Biggest of Year ORLANDO, Fla. - The Ritchie Bros. auction here Feb. 20-24 is scheduled to be the company's biggest of the year, putting up for bid 10,092 pieces of industrial-based equipment arrayed side-by-side across more than 200 acres and including hundreds of Class 8 and medium-duty trucks, company executives said. Read more...
23 Feb Conveyor Belt System to Move Cargo Around Great Lakes Locks Raises Questions WASHINGTON - Members of Michigan's congressional delegation raised concerns today that the Army Corps of Engineers may be considering an unorthodox alternative in a cost-benefit study that, if true, could potentially hurt the case being made for a new super-size navigational shipping lock at a key chokepoint on the Great Lakes. Read more...
23 Feb Claims for Jobless Benefits Point to Firm Job Market The number of Americans filing for unemployment benefits increased last week, while staying within a range that shows subdued firings. Read more...
22 Feb Trucking Futures Exchange Could Launch This Summer DAT Solutions has teamed with TransVix to establish a futures exchange that'll allow trucking companies, third-party logistics providers and shippers to hedge against uncertainty in spot market rates, a venture that could launch as early as this summer. Read more...
22 Feb Central Freight Agrees to Buy Wilson Trucking Less-than-truckload carrier Central Freight Lines has signed a letter of intent to acquire Wilson Trucking Corp., also an LTL carrier, in a move to expand Central's service territory into the Southeast. Read more...
22 Feb New Jersey's Bayonne Bridge Reopens Ready for Larger Containerships The Bayonne Bridge opened Feb. 20 in New Jersey after work was completed to raise the surface to 215 feet to ensure larger containerships can fit underneath and call the Port of New York and New Jersey. Read more...
22 Feb Matson Profit Falls 22% in 2016 Matson Inc., the biggest ocean cargo company serving Hawaii, suffered a 22% drop in profit in 2016 as higher expenses overshadowed revenue growth. Read more...
22 Feb Trump's P3 Support Concerns Anti-Toll Group An infrastructure funding measure reliant on private capital coming from the Trump White House is worrisome to the country's top anti-tolling group. Watch video with Stephanie Kane of the Alliance for Toll-Free Interstates. Read more...