29 Nov Meritor Reports Revenue Gains Commercial vehicle supplier Meritor Inc. reported fourth-quarter and full-year net income fell primarily due to a tax-related change, but revenue jumped in both periods. Read more...
29 Nov Carriers, States Team on Felon CDL Training Programs The need for drivers and a desire to be good corporate citizens has spurred some carriers to reach out to state correctional agencies to encourage the training of inmates to take the commercial driver license test. Read more...
29 Nov Electric Vehicles Could Displace 8 Million Barrels of Oil Per Day by 2040 An energy transition is underway. Solar and wind are being added in ever-greater numbers. Electric vehicles are becoming more commonplace. Meanwhile, policy makers are grappling with the right mix of policies to pay for it all. Read more...
29 Nov There’s Now a Vessel That Produces Zero Pollution Cie. Maritime Belge SA has built the first commercial ship that runs on hydrogen and produces zero pollution, taking the world a step closer to cargo without emissions. Read more...
28 Nov Former Pilot Flying J Exec Called Jimmy Haslam After Feds Came to Home CHATTANOOGA, Tenn. — Former Pilot Flying J sales executive Brian Mosher told jurors Nov. 28 that federal agents and a prosecutor showed up on his doorstep on Tax Day 2013 and asked him to make a phone call to the chief executive officer of his company. Read more...
28 Nov Fueled by Smartphones, Cyber Monday Sets Sales Mark of $6.6 Billion Cyber Monday delivered as expected. Based on final online sales numbers released at 11 a.m. Nov. 28, Cyber Monday became the biggest U.S. online shopping day in history, according to Adobe Analytics Data. The use of mobile devices, especially smartphones, accounted for nearly 40% of retail visits and 21.3% of revenue. Read more...
28 Nov Kane Is Able to Expand in Pacific Northwest With Deal for Vintners Logistics Kane Is Able Inc. has signed a letter of intent to buy Vintners Logistics, a company that specializes in warehousing and transportation of food and beverages for wineries and food processing companies mostly in the Pacific Northwest and Northern California. Read more...
28 Nov FedEx Adds Feeder Aircraft to Continue Fleet Upgrade FedEx Express announced a major purchase of U.S.-assembled feeder aircraft Nov. 28 to continue a push to modernize its 659-aicraft fleet. Read more...
28 Nov Kane Is Able Expands in Pacific Northwest With Deal for Vintners Logistics Kane Is Able Inc. has signed a letter of intent to buy Vintners Logistics, a company that specializes in warehousing and transportation of food and beverages for wineries and food processing companies mostly in the Pacific Northwest and Northern California. Read more...
28 Nov Blackstone Acquires Stake in Cloverleaf Warehousing and distribution firms are beginning to attract more interest from investors as demand for storage space nationwide heats up and competition intensifies among smaller players. Read more...