Knight-Swift’s “transformational” $1.35 billion less-than-truckload acquisition marks the second big deal by a public truckload carrier in less than a week.
The key benchmark price for trucking companies tracked the higher numbers in the wholesale market.
The acquisition modestly bumps Geodis’ brokerage revenue.
Knight-Swift Transportation acquires less-than-truckload carrier AAA Cooper in a deal valued at $1.35 billion.
Daimler Truck, TRATON and Volvo Group will spend $593 million to build a truck charging network across Europe.
NS is working to repair a defect that could affect over 5,000 chassis. The repairs come amid high congestion at terminals and intermodal facilities across the U.S.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico trade boomed in May but profit margins are tightening; a Korean auto supplier opens a plant in Mexico; Otay Mesa plans to open a new port by 2024; and Texas trucking company set to build terminal.
Section 202 in postal reform legislation would keep parcel and mail delivery networks integrated. Some interests say it will never require the Postal Service to straighten out its accounting.
Troubled electric pickup truck maker Lordstown Motors reportedly is the subject of a Justice Department probe, according to multiple media reports.
Both defendants had pleaded guilty to their involvement in the staged accident scheme.
The pandemic is still creating big swings in data, according to the Council of Economic Advisers, which urges caution in making big interpretations.
FMCSA is proposing to revise rules for advanced driver-assist cameras.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the heavy-duty and commercial trucking sector.
Mullen Group acquires Harris Transport, the latest in a string of deals for one of Canada’s largest trucking and logistics companies.
In the fourth week of a second strike, UAW bargainers reach a third tentative agreement with Volvo Trucks North America.
Data apparently stolen from Navistar International appears on the dark web as an underground marketplace begins an auction for the heavy truck manufacturer’s internal files.
Transportation and logistics provider Werner Enterprises announced it has acquired an 80% equity stake in ECM Transport Group for $142.4 million. Werner has the option to purchase the remaining 20% of the 500-truck fleet after five years.
The number of drivers prohibited from driving due to drugs matches an estimated shortfall of drivers needed to keep up with freight demand.
Engine stall from broken battery terminal cable leads Daimler Trucks North America to recall 122,056 Freightliner and Western Star trucks.
The effort to replace a 1.4-mile interstate viaduct is part of a movement known as the “new urbanism.”
