19 Feb CO2 Caps Coming for Trucks in European Union European Union negotiators agreed to impose caps on carbon dioxide from trucks for the first time, stepping up the fight against climate change with a challenge to manufacturers such as Daimler AG. Read more...
19 Feb GPS Trackit Acquires TSO Mobile, InTouch GPS, Fleet Trax GPS Trackit, a provider of fleet management software, said it completed acquisitions of TSO Mobile of Miami, InTouch GPS of Lakeland, Fla., and Fleet Trax of Dallas in 2018. Read more...
19 Feb January Tonnage Index Improves Over December and Year-Ago Levels American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.3% in January after falling 1% in December. Read more...
19 Feb DRiV Inc. to Emerge From Tenneco Later This Year DRiV Inc. is the name of an aftermarket parts and ride performance company that is being launched in the wake of Tenneco Inc.’s separation into two independent companies, Tenneco announced. Read more...
19 Feb XPO’s Brad Jacobs Hits Brakes on M&As After building a fortune and several businesses by buying company after company, XPO Logistics Inc. CEO Brad Jacobs is abandoning acquisitions, a principal reason many investors bought into the stock. Read more...
19 Feb Toyota Acquires Chicago-based Hoist Liftruck Toyota Industries North America has acquired Chicago-based Hoist Liftruck Manufacturing. The company will be renamed Hoist Material Handling. Read more...
19 Feb XPO Denies Memphis Plant Closing Is Retaliation XPO Logistics Inc. confirmed Feb. 14 that it will close a facility in Memphis, Tenn., where some employees have made allegations of pregnancy discrimination and sexual harassment, and the next day CEO Brad Jacobs said a customer's request prompted the decision. Read more...
19 Feb TransForce Group Acquires American Driver Network The TransForce Group, a transportation workforce solutions provider, has acquired American Driver Network, which provides a driver-specific network of websites, job boards, job postings and affiliate employment websites. Read more...
19 Feb Timber Investments Acquires 51% Interest in Columbia Containers Timber Investments Ltd. said it has completed the purchase of a 51% interest in Columbia Containers Ltd. from Providence Grain Group, which will retain 49% ownership. Read more...
19 Feb FHWA Grants Will Support User Fee Projects in States The Federal Highway Administration has awarded over $10 million to states that are testing alternative methods to fund highway and bridge projects. Read more...