30 Apr Texas House Passes Bill That Would Help Curb Lawsuit Abuses The Texas House of Representatives has passed legislation that would help curb the growing trend of lawsuit abuse targeting commercial vehicles in Texas. Read more...
30 Apr Leadership Changes Announced as UPS Freight Sale to TFI Inches Closer With the pending sale later this year of UPS Freight to TFI International, leadership changes are taking place in anticipation of the new ownership. Read more...
30 Apr MCE, Purkeys Offer Shorepower Connections for eTRUs Mission Critical Electronics and its Purkeys subsidiary announced a system that connects hybrid electric transport refrigeration units to 480 volts alternating current power. Read more...
30 Apr Dana Raises $400 Million for Green Projects Dana Inc. announced it has priced its offering of $400 million aggregate principal amount of 4.25% senior notes due 2030 with net proceeds going toward recently completed or future eligible green projects. Read more...
30 Apr Forward Air Reports $362.2 Million Revenue for Q1 Forward Air Corp. saw revenue and earnings increase during the first quarter of 2021, the company reported April 29. Read more...
30 Apr Meritor Marks ADB Manufacturing Milestone Meritor Inc. announced a milestone for its York, S.C., manufacturing facility that recently produced its 1 millionth air disc brake, contributing to Meritor’s production of more than 10 million air disc brakes worldwide since 1981. Read more...
30 Apr Biden Shows Openness to Infrastructure Negotiations With Republicans President Joe Biden signaled a willingness to negotiate with Republicans on infrastructure policy ahead of a possible meeting with the ranking member on the Senate’s transportation committee. Read more...
30 Apr Universal Logistics Reports Record Q1 Earnings Universal Logistics Holdings Inc. reported April 29 record highs for the first quarter of 2021. Read more...
30 Apr Pennsylvania Panel Explores Alternatives to Bridge Tolls, Gas Taxes It’s not clear yet if Pennsylvania drivers will pay $1 or $2 to cross major bridges, but Pennsylvania needs billions of dollars from somewhere for transportation, state Rep. Mike Carroll said. Read more...
30 Apr USA Truck Reports Best First-Quarter Earnings in Company History The Van Buren, Ark.-based motor carrier posted net income of $3.6 million, or 40 cents a diluted share, for the three months ending March 31. That compared with a net loss of $2.6 million, minus 30 cents, during the same time the previous year. Read more...