26 Jul Airports in West Deal With Shortage of Jet Fuel A shortage of jet fuel, coupled with supply chain issues and an urgent demand from firefighting aircraft, continues to cause problems at airports around the West. Read more...
26 Jul Ryder Teams With Bed, Bath & Beyond on Distribution Centers Bed Bath & Beyond Inc. will partner with logistics specialist Ryder System Inc. to develop two distribution centers in Pennsylvania and California. Read more...
23 Jul Forward Air to Offer LTL Service in Vancouver Forward Air Corp. will expand its expedited less-than-truckload service in Vancouver, British Columbia, the company announced July 20. Read more...
23 Jul Magna Acquires Driver-Assist Supplier Veoneer Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers. Read more...
23 Jul U.S. Xpress Reports $475 Million Revenue for Q2 U.S. Xpress Enterprises posted gains in earnings and revenue growth during the second quarter, the company reported. Read more...
23 Jul XL Fleet, eNow Partner on Refrigerated Trailers XL Fleet Corp. announced an agreement and an investment in eNow Inc., a provider of solar and battery power systems that enable fully electric transport refrigeration units for commercial vehicle trailers. Read more...
23 Jul Daimler Posts Q2 Earnings, Revenue Surge Despite Headwinds Daimler AG reported higher earnings and revenue as it sold 736,385 passenger cars and commercial vehicles in the second quarter, up 36% compared with 541,833 a year earlier. Truck sales alone jumped by an even higher percentage. Read more...
23 Jul US, Mexico Fail to Resolve Trade Dispute for Cars The U.S. and Mexico failed to resolve a dispute over trade rules for cars during a meeting this week, threatening the goal of boosting regional manufacturing under their new trade pact. Read more...
23 Jul Ryder Expands Last-Mile Delivery Network Ryder System plans to extend expansion of its last-mile delivery network to meet growing consumer demand, the company said. Read more...
23 Jul Lucid Clinches SPAC Deal With 11th-Hour Appeal Lucid Motors Inc.’s last-gasp appeal to investors succeeded in pushing through approval for the electric-car startup’s deal to go public by merging with a blank-check company. Read more...