16 Apr Pennsylvania Gov. Tom Wolf Touts $4.5 Billion Infrastructure Plan Pennsylvania Gov. Tom Wolf recently addressed thousands of township officials in an attempt to rally local support for his $4.5 billion infrastructure plan. Read more...
16 Apr FMCSA Grants SmartDrive Five-Year Exemption Regarding ADAS Camera Placement Federal trucking regulators on April 15 granted SmartDrive System Inc. a five-year exemption to allow an advanced driver assistance system (ADAS) camera to be mounted lower on truck windshields than currently is permitted. Read more...
16 Apr March Trailer Orders Fall U.S. trailer orders in March slipped to the lowest level in nearly two years, landing in the 15,000-units range, ACT Research reported. Read more...
16 Apr Americold Agrees to Acquire Cloverleaf Cold Storage Americold Logistics has agreed to buy Cloverleaf Cold Storage for $1.24 billion, a move that ramps up a trend toward consolidation in the refrigerated warehousing sector. Read more...
16 Apr Cargo Transporters Promotes Dennis Dellinger to CEO Cargo Transporters Inc. announced the promotion of Dennis Dellinger to CEO, along with several other management changes at the Claremont, N.C.-based dry van truckload carrier. Read more...
16 Apr UPS CEO David Abney Earns Horatio Alger Award For more than 70 years, the Horatio Alger award has been bestowed upon individuals who have overcome adversity to achieve success and remained committed to both higher education and helping others. So UPS CEO David Abney is in good company. But his 3-year-old grandson's reaction to the news has kept him humble. Read more...
16 Apr Ridgemont Equity Partners Buys Munch’s Supply Ridgemont Equity Partners acquired Munch’s Supply, a wholesale distributor of heating, ventilation and air conditioning equipment and supplies based in New Lenox, Ill., from Rotunda Capital Partners. Read more...
16 Apr Corcentric Completes Two Acquisitions to Expand Payment Services Corcentric, a company that provides systems to manage payments for transportation and other businesses, has purchased substantially all of the assets of Determine Inc., a cloud-based payment software provider, for $32 million in cash. Read more...
16 Apr ValueAct Bets on Success of Hydrogen Fuel With Nikola Motor ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast. Read more...
16 Apr Canadian National Rail Pledges $80 Million for Minnesota Improvements Canadian National Railway plans to invest more than $80 million in Minnesota this year — spending it, they said, would strengthen the company’s rail network across the state. Read more...