23 Jan Port of Palm Beach, Cuba Officials to Sign Trade Agreement An important step toward once again ramping up trade with Cuba is scheduled to take place Jan. 27 when a delegation from the National Port of Administration of Cuba and Port of Palm Beach officials will meet to sign a memorandum of understanding in the port's boardroom. Read more...
23 Jan MetroGistics Holdings Acquires Vehicle Logistics Firm AmeriFleet MetroGistics Holdings, based in St. Louis, acquired vehicle logistics firm AmeriFleet of Alpharetta, Georgia. Executives said the deal will spur innovation and accelerate growth for the companies in providing vehicle delivery services. Read more...
23 Jan States Send Trump Wish Lists for Promised Infrastructure Plan With President Trump promising to rebuild crumbling U.S. highways, bridges and buildings, states have begun submitting lists of priority projects in need of funding. Read more...
20 Jan Celadon Group Gets Tax Breaks to Relocate in Indiana Celadon Group will receive nearly $3 million in state tax breaks to move its headquarters to a larger site just east of Indianapolis under an arrangement that the trucking company will hire 375 employees over the next seven years, according to a recent filing with the Indiana Economic Development Corp. Read more...
20 Jan Hyundai Merchant Marine to Buy Minority Stake in Total Terminals International Hyundai Merchant Marine will buy a 20% stake in Total Terminals International LLC, agreeing to a $15.6 million deal with Mediterranean Shipping Co. Jan. 19, one day after a U.S. bankruptcy court approved MSC's purchase from the bankrupt Hanjin Shipping Co. Read more...
20 Jan Mack Trucks Adds Features to AMTs Mack Trucks introduced Mack mDRIVE rolling start and auto neutral, two new features designed to improve the job-site performance and safety of trucks equipped with Mack's mDRIVE and mDRIVE HD automated manual transmissions. Read more...
20 Jan Kenworth Dealer Rihm Acquires LTX Inc. Kenworth dealership Rihm Family Cos. Inc. said it acquired LTX Inc., which owns Lawrence Leasing Inc., the operator of Lawrence NationaLease - a commercial truck leasing company with 15 locations in Minnesota, Wisconsin, and South Dakota. Read more...
20 Jan Great Western Acquires Quality Trailer Sales Great Western Leasing and Sales acquired Quality Trailer Sales, expanding its network into the southwest U.S., and adding Heil Trailer to its product line, the company said. Read more...
20 Jan Kansas City Southern Profits Decline in Fourth Quarter Kansas City Southern reported lower profits in the fourth quarter and full calendar year 2016 compared with the same period of 2015, although the freight railroad was most hurt due to foreign exchange rate losses from its international business. Read more...
20 Jan Pennsylvania Logistics Company Battles Ryder in Court Over Trade Secrets A federal judge in Ohio has issued a split decision in the legal brawl that began last year after Cranberry, Pennsylvania based Pittsburgh Logistics Systems found out it was losing a customer that court papers indicate accounted for 32% of its business. Read more...