Trucking

A brand change ends lead company LaserShip’s involvement in the name of what is now simply “OnTrac.”

A first-quarter survey of shippers showed inventories are being drawn down and that a second-half freight recovery remains in play.

Arrival once had a $5.4 billion valuation. Its $524 million valuation in the electric van maker’s second SPAC is about 10% of that.

“If there comes a time when you have a crash and attorneys or law enforcement start digging into your records and find falsifications, it’s all going to come to the surface,” said Brian Runnels, vice president of safety at Reliance Partners.

Forward Air said Monday it is adding an intermodal drayage operation in Linden, New Jersey, to serve Port Newark.

Striking Sysco drivers in Louisville, Kentucky, reached agreement on a contract, the first since the union was voted in last August.

“We think about these investments as long term. We’re not making them for the next few quarters, we’re making them for the next few years and beyond,” said XPO’s Ali Faghri.

Two Canadian cities are taking an aggressive stance against illegal truck parking and storage in their communities.

A Florida-based trucking company filed for Chapter 11 bankruptcy protection recently, owing truck drivers back wages.

This week in Borderlands: LG Energy Solution is building a $5.5 billion EV battery plant in Arizona; a France-based auto parts maker opens a $147 million plant in Mexico; Nuevo Leon opens a $100 million “peripheral” highway; and an Arizona port of entry opens cold storage rooms.

The port of entry in Laredo, Texas, regained the No. 1 spot among the nation’s 450 international gateways for the first time in three years.

Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.

The truck transportation sector increased jobs in March, reversing a one-month decline in February.

UBS’ Tom Wadewitz says more clarity on cost-cutting actions provides a “long runway” for stock.

The White House is evaluating a proposal that may require new trucks be equipped with automatic emergency braking systems.

The debt rating of Ryder, already in investment-grade territory, was upgraded by S&P Global Ratings this week.

“TrueTMS carries a price point that is affordable for a one- to 20-truck operator to purchase,” says T3 Tech’s George Thellman.

DFI Systems’ president says soaring lumber prices, the costly decision to move the company’s headquarters during the COVID-19 pandemic and the inability to find new investors was the perfect storm that forced him to lay off 90 workers, including truck drivers, in late March.

ArcBest announced Thursday that Treasurer Matt Beasley will assume the role of chief financial officer in May.

When John heard his trailer was missing, he was able to track the stolen property using his LandAirSea GPS and lead authorities to the thief. He saved the trailer, $300,000 worth of material and likely his reputation with his customer.