02 Jul Navistar Merges With Traton Group in $3.7 Billion Deal Navistar International Corp. announced it merged with Munich-based Traton Group in a transaction valued at $3.7 billion, finalizing a strategic alliance launched in 2017. Read more...
02 Jul LTL Trucking Enters Summer With Strong Tailwinds The less-than-truckload sector is moving through summer with strong tailwinds at its back, experts say. Read more...
02 Jul House Approves $715 Billion Highway Policy Bill Legislation that would update the country’s highway and wastewater policies was approved by the U.S. House of Representatives on July 1, an effort by congressional Democrats to advance President Joe Biden’s multitrillion-dollar infrastructure agenda. Read more...
02 Jul Port Operator DP World Buys Syncreon in $1.2 Billion Deal One of the world’s largest port operators, DP World, said July 1 it had acquired American logistics firm Syncreon Holdings in a $1.2 billion deal, the latest investment as the maritime company pushes to expand farther afield. Read more...
02 Jul Vermont Officials Continue Effort to Keep Trucks Out of Smugglers’ Notch Vermont transportation officials are leading an effort to keep large commercial vehicles out of Smugglers’ Notch, a twisting mountain pass on which numerous truckers have gotten stuck over the years. Read more...
02 Jul US Factory Expansion Is Solid; Price Gauge Highest Since 1979 U.S. manufacturing continued to expand at a solid, yet slightly slower pace in June while a measure of prices paid for materials jumped to an almost 42-year high. Read more...
02 Jul Former America’s Road Team Captain Jeff Thompson Dies at 63 Jeffery Kelley Thompson of Olathe, Kan., who served as an America's Road Team Captain appointed in 2009, died June 20. Read more...
02 Jul Amazon Says Its Carbon Footprint Grew 19% Last Year Amazon said June 30 that its carbon footprint grew 19% last year as it rushed to deliver a surge of online orders during the pandemic. Read more...
02 Jul White House Releases State-By-State Infrastructure Guides President Joe Biden’s team is intensifying its pressure on Republicans opposed to a bipartisan infrastructure agreement by spotlighting crumbling roads and bridges on a state-by-state basis that the funding could be used to rebuild. Read more...
02 Jul State Jobless Claims Post Larger-Than-Expected Decline Applications for U.S. state unemployment insurance fell last week by more than projected, reaching a fresh pandemic low and suggesting that dismissals are abating as the economy reopens and labor demand rises. Read more...