20 Feb Tesla CEO Elon Musk Sets Goal of Making 500,000 Cars in 2019 Elon Musk said Tesla Inc. will make about 500,000 cars this year, a prediction that’s difficult to gauge given the CEO’s proclivity for setting stretch goals. Read more...
20 Feb Volvo’s First Electric Trucks Put to Work Volvo Trucks delivered its first all-electric vehicles to two companies operating in Sweden. Read more...
20 Feb PepsiCo Buys Wellness-Focused Muscle Milk in New CEO’s First Move New PepsiCo Inc. CEO Ramon Laguarta has made his first acquisition, purchasing the maker of sports and wellness products Muscle Milk from Hormel Foods Corp. for an undisclosed amount. Read more...
20 Feb White House Cancels $929 Million in Grants for California’s Beleaguered Rail Project The Trump administration on Feb. 19 said it will cancel more than $900 million in federal grants earmarked for a high-speed rail project California that the state’s Democratic governor announced would be scaled back from its initial vision amid delays and cost overruns. Read more...
20 Feb Corn Included in Trump’s Trade Talks With China U.S. corn sales to China have been part of the ongoing trade discussions between the nations, President Donald Trump said from the White House Oval Office on Feb. 19. Read more...
20 Feb January Trailer Orders Fall 35%, but Extend Record Backlog U.S. trailer orders in January reached 25,800, dropping 35% compared with a year earlier, according to ACT Research Co. Read more...
20 Feb Fleets Do Their Own Truck Repairs, Open Service Bays to Offset Cost Fleets find that by performing their own repairs, they can better control repair and wait times, and going commercial enables them to offset costs. Repairs can happen quickly while drivers are at home during their off-duty hours, making it a recruiting and retention tool. Read more...
19 Feb Dickinson Fleet Services Purchases Highway Express Trailer Repair Co. Dickinson Fleet Services announced the purchase of Highway Express Trailer Repair Co., a move that expands the company’s trailer repair business in the Chicago-area market. Read more...
19 Feb GTI Transport Acquires Specialized Division of Precision Truck Lines GTI Transport Solutions has purchased the specialized heavy-haul division of Precision Truck Lines and will move the business to a new location in Brantford, Ontario, where it will continue to operate with the same management and personnel under the name Precision Specialized Inc. Read more...
19 Feb J.B. Hunt Finalizes Acquisition of Cory 1st Choice Home Delivery J.B. Hunt Transport Services completed the purchase of Cory 1st Choice Home Delivery on Feb. 15, the Lowell, Ark.-based transportation company and logistics firm announced. Read more...