30 Nov Silver Oak Leads Recapitalization of North American Roofing Lower-middle market private equity firm Silver Oak Services Partners has announced it is leading the recapitalization of North American Roofing, in partnership with management and co-investors, per a Nov. 21 press release. Read more...
30 Nov Logistics Startup Shipsi Raises $1.9 Million in Seed Funding Logistics startup Shipsi has raised $1.9 million in its most recent round of funding, the company announced in a Nov. 28 press release. The seed funding follows an initial self-injection of $350,000 and a friends-and-family raise of $380,000. Read more...
30 Nov Earthquake Strikes Southern Alaska, Threatening Oil Exports A magnitude 7 earthquake struck Alaska early Nov. 30, shutting the state’s most important oil pipeline and potentially threatening crude exports. Read more...
30 Nov Keystone XL Pipe Cleared to Start Limited Pre-Construction Work TransCanada Corp. can resume certain pre-construction activities, including engineering and meeting with stakeholders, for the Keystone XL oil pipeline after a federal court decision, the company said in an e-mail statement. Read more...
30 Nov House GOP Names Sam Graves as Ranking Member of Transportation Committee The top authorizer of policy related to highways and transit systems in the U.S. House of Representatives was tapped to serve as the leading Republican on the chamber’s transportation panel when a new Congress convenes in January. Read more...
30 Nov Crowley Merges Liner Services Unit Into Crowley Logistics Crowley Maritime Corp., a provider of marine solutions, energy and logistics services, announced it would complete the merger of its liner services group into Crowley Logistics come Jan. 1. Read more...
30 Nov NAFTA Replacement USMCA Signed, Awaits Ratification in Congress The United States, Canada and Mexico signed a trade deal championed by President Donald Trump to replace the quarter-century-old NAFTA pact, capping a year of negotiations and offering a glimmer of certainty amid rising global tensions over trade. Read more...
30 Nov DHL Turns to Robots to Equip US Warehouses for E-Commerce Worldwide delivery service DHL is deploying artificial intelligence, self-driving vehicles and product-picking robots at its warehouses in North America to help handle the surge in e-commerce demand. Read more...
29 Nov Daimler's Mexican Division Braces for Change PUERTO VALLARTA, Mexico — The adoption of tougher emissions standards and the arrival of a new Mexican president are among the key changes Daimler Commercial Vehicles Mexico will face in the year ahead and beyond, company president Flavio Rivera said here. Read more...
29 Nov NACFE Plans Regional 'Run on Less' Road Trial The North American Council for Freight Efficiency is in the early planning stages for a second Run on Less road trial, this time focusing on the technologies and vehicle specifications for improving fuel efficiency in regional trucking. Read more...