04 Jan Ravn Air Group Purchases Assets of Peninsula Airways Ravn Air Group, a portfolio company of J.F. Lehman & Co., has purchased the assets of Peninsula Airways Inc., according to a Dec. 26 press release. Read more...
04 Jan Senate Confirms Transportation Nominations Moments before bringing the 115th session of Congress to a close, the U.S. Senate on Jan. 2 easily confirmed the nominations of Martin Oberman and Patrick Fuchs for posts on the Surface Transportation Board. Read more...
04 Jan December Class 8 Orders Tail Off Amid High Backlog Preliminary North American Class 8 net order data show the industry booked 21,300 units in December, down 24% sequentially from November and 43% from year-ago December, ACT Research Co. reported. Read more...
04 Jan Great Western Leasing and Sales Acquires All Points Equipment Leasing Great Western Leasing and Sales, a full-service solutions provider to the flatbed and specialized trailer industry, has announced the acquisition of All Points Equipment Leasing. The move represents Great Western’s first expansion into the Midwest market, according to a Dec. 26 press release. Read more...
04 Jan Universal Logistics Acquires Container Connection in Latest Drayage Expansion Universal Logistics Holdings, an asset-light provider of customized transportation and logistics solutions, has announced the acquisition of Deco Logistics and Oaktree Logistics, which conduct business as Container Connection. Read more...
04 Jan Volvo Trucks to Take $780 Million Charge Over Emissions Flaw Volvo AB, the world’s second-largest truckmaker, will set aside $780 million (7 billion kronor) to address a faulty emissions-control component that’s worn out more quickly than expected. Read more...
04 Jan Tesla Said to Be Close to Model 3 Approval for Europe Sales Tesla Inc. has yet to obtain approval from authorities in Europe to begin selling the Model 3 in the region, though this isn’t expected to impede the carmaker from starting deliveries next month, according to a person familiar with the matter. Read more...
04 Jan Moving Company Study Shows More Residents Left New Jersey Than any Other State in 2018 A study by United Van Lines has revealed that Americans are moving west and south, according to a Jan. 2 press release. Read more...
04 Jan Bestpass Hits Milestones for Transponders, Customers Bestpass, a provider of single-source payment and streamlined toll management services for commercial fleets, announced it has surpassed 500,000 active transponders within its nationwide toll coverage network. Read more...
04 Jan Payrolls Rise 312,000 as Wage Gains Exceed Forecasts U.S. employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019. Read more...