10 Mar XPO to Acquire Majority of Kuehne + Nagel’s UK-Based Contract Logistics Operations XPO Logistics is acquiring the majority of the United Kingdom-based contract logistics operations of Kuehne + Nagel, according to a March 9 news release. Read more...
10 Mar USDOT Awards $39 Million in Grants to Two Texas Ports Officials at a pair of ports in Texas were awarded more than $39 million in federal grants to assist with expansion initiatives, the U.S. Department of Transportation announced March 10. Read more...
10 Mar N.Y. Auto Show Likely to Be Delayed to August Because of Virus The annual New York auto show probably will be pushed back to August from April due to the coronavirus. Read more...
10 Mar Ports Post Volume Declines Over Coronavirus Fears Newly released figures from some of the nation’s major ports show cargo volumes are slumping as they struggle to recover from the U.S.-China trade war and now the steep downturn in factory output from China in the aftermath of the coronavirus outbreak. Read more...
10 Mar International Announces Lightweight Spec for HV Series International Truck, a unit of Navistar Inc., announced a new lightweight spec for its HV50B mixer package that removes 1,000 pounds from the vehicle, and is intended to allow drivers to haul up to 9.75 cubic yards of concrete while staying under 66,000 gross vehicle weight rating. Read more...
10 Mar Mack Announces Active Steering for Granite Models Mack Trucks announced its active steering system, Mack Command Steer, will be available for ordering in its Granite axle-back vocational models in the third quarter. Read more...
10 Mar Mercedes-Benz Unveils Upgrades to Vito Vans Mercedes-Benz, a unit of Daimler AG, announced March 10 extensively upgraded versions of its diesel-powered Vito van available for ordering in Europe now and its battery electric eVito model available for ordering this summer. Read more...
10 Mar Inrix Study: Boston Ranks as Most Congested US City Boston is home to the Pats, the Sox and wicked traffic. A report published March 9 determined Beantown’s average driver spent nearly 150 hours a year stuck in traffic, good enough to be named the most congested city in the country and ninth in the world. Read more...
10 Mar Higher N.J. Tolls Pitched to Pay for Turnpike, Parkway Projects New Jersey is pushing for higher passenger-vehicle tolls this year — and regular increases in the future — to pay for improvements to its Turnpike and Garden State Parkway. Read more...
10 Mar Dow Surges 4.9% in Another Wild Day NEW YORK — U.S. stocks, oil and other financial markets around the world clawed back some of their historic plunge from a day before amid hopes that the U.S. and other governments around the world will pump in more aid for a virus-weakened global economy. Read more...