05 Nov Services Firms’ Growth Slipped in October WASHINGTON — U.S. services firms expanded at a slightly slower rate in October, after achieving a record pace in September in a sign of the economy’s strength and endurance. Read more...
05 Nov United Rentals Agrees to Acquire BlueLine Rental United Rentals Inc. has agreed to purchase BlueLine Rental, a construction equipment rental business based in The Woodlands, Texas, from Platinum Equity for $2.1 billion in cash. Read more...
05 Nov Nikola to Expand Into Europe With Hydrogen-Electric Tre Nikola Motor Co. announced it would begin production within five years in Europe of a heavy-duty, hydrogen-electric truck designed to be compatible with full autonomy as it expands its business beyond North America. Read more...
05 Nov FedEx to Raise Prices in Response to Surging Freight Demand, Tight Capacity FedEx Corp. will boost most prices by an average of 4.9% starting in January, more than double the expected rate of U.S. inflation next year, as freight demand surges. Read more...
05 Nov FMCSA Grants Concrete Group HOS Exemption The American Concrete Pumping Association has become the latest group whose request for exemption from certain hours-of-service rules was honored by the Federal Motor Carrier Safety Administration. Read more...
05 Nov Oil Trades Near Six-Month Low as Fears of a Shortage Subside Oil traded near a six-month low as the prospects of a tight global market at the end of the year further receded after the U.S. softened the restart of sanctions against Iran. Read more...
05 Nov Amazon Offers Free Holiday Shipping to Compete With Target Amazon says it will offer customers free shipping on orders delivered through Christmas regardless of whether they are members of the Prime membership program, a move that comes two weeks after rival Target undercut the company with its own free-shipping offer. Read more...
05 Nov Class 8 Orders Push Higher 12 Months After Surge Began North American Class 8 orders hit 43,600 in October, up 21% from a year earlier when the strong current cycle in orders began, ACT Research Co. reported, citing preliminary data that will be updated when final numbers from truck makers are available later this month. Read more...
04 Nov Opinion: Get Involved to Build on Success in Industry New chairman Barry Pottle: ATA has been criticized from the outside for catering to larger companies — but those of us on the inside, those of us who have rolled up our sleeves and gotten involved and gotten to work solving big issues, we know better. ATA speaks for our entire industry, but that voice is only as powerful as those who choose to join the chorus. Read more...
02 Nov ArcBest Reports Strong 3Q Earnings For-hire carrier ArcBest on Nov. 1 reported its third-quarter net income was $40.8 million, or $1.58 per share, on revenue of $826.2 million. That compares with 2017’s net income of $14.8 million, or 57 cents a share, on revenue of $744.3 million. Read more...