Trucking

Brian Straight Wednesday, May 8, 2019

New York City to test Mack electric refuse truck

The New York City Department of Sanitation (DSNY) will put into operation a battery-electric vehicle (BEV) built by Mack Trucks in 2020. The vehicle is an LR model refuse truck. The announcement was made on May 8, 2019, at Waste Expo in Las Vegas. The Mack LR BEV is powered by Mack’s integrated electric powertrain […]

Read More »
FreightWaves Staff Wednesday, May 8, 2019

KeepTruckin is moving beyond the cab and into the trailer

KeepTruckin Chief Executive Shoaib Makani laid out the company’s ambitious plans to move beyond its core electronic logging device (ELD) market to becoming an end-to-end provider of truck technology. The San Francisco-based company has already detailed plans to add in-cab safety cameras and create a load board for drivers. But the six-year old company is […]

Read More »
Brian Straight Wednesday, May 8, 2019

Meritor to acquire AxleTech

Seeking to strengthen its portfolio of off-highway, defense and aftermarket business, Meritor (NYSE: MTOR) is acquiring AxleTech from the investment firm The Carlyle Group. Meritor will pay approximately $175 million in cash, adjusted for changes in working capital at closing. The deal is subject to regulatory approvals and customary closing conditions. AxleTech’s offerings include a […]

Read More »
Brian Straight Wednesday, May 8, 2019

YRC Worldwide posts first-quarter loss on lower revenue

YRC Worldwide (NASDAQ: YRCW) posted a $31.7 million consolidated operating loss on first-quarter revenue of $1.182 billion, which declined slightly from first-quarter 2018 revenues of $1.215 billion. In first quarter 2019, net loss was $49.1 million compared to a net loss of $14.6 million in first quarter 2018. Zacks Consensus estimate was for an earnings per share (EPS) loss […]

Read More »
John Gallagher Tuesday, May 7, 2019

J.B. Hunt forging new customer links

Over the last decade, J.B. Hunt has not only tripled in size, but has evolved from a big truckload and intermodal operator to offering dedicated services and what has turned into a billion-dollar brokerage and third-party logistics provider (3PL). The next stage, according to Shelley Simpson, the company’s chief commercial officer, executive vice president and […]

Read More »
Brian Straight Tuesday, May 7, 2019

Convey’s Delivery Experience Management platform integrated with MercuryGate TMS

Convey, the six-year-old company trying to reinvent supply chains, has announced a partnership with MercuryGate that it said will improve the last-mile delivery experience for shippers and end customers. Convey’s Delivery Experience Management (DEM) software will be integrated into MercuryGate’s transportation management system (TMS) to provide an end-to-end experience for users seeking to launch DEM […]

Read More »
Brian Straight Tuesday, May 7, 2019

Celadon Group announces executive title changes

When Paul Svindland took over as CEO of Celadon Group (OTCPink: CGIP) in the summer of 2017, he was stepping into an operation that had been riddled with financial concerns following the company’s auditors, BKD LLP, stating that Celadon’s financials “should no longer be relied upon.” Since that time, Svindland and the management team surrounding […]

Read More »