30 Oct Canadian National Railway Agrees to Buy TransX Group Canadian National Railway on Oct. 30 announced it has reached an agreement to buy The TransX Group of Cos. in Winnipeg, Manitoba, from founder and CEO Louie Tolaini. Read more...
30 Oct Dickinson Fleet Services Grows South Florida Presence Fleet maintenance and management company Dickinson Fleet Services has acquired Fleet Technology & Maintenance Corp. and Truck City Body Co. Read more...
30 Oct Canadian National Railway Agrees to Buy TransX Canadian National Railway on Oct. 30 announced it has reached an agreement to buy The TransX Group of Cos. in Winnipeg, Manitoba, from founder and CEO Louie Tolaini. Read more...
30 Oct Allison’s Net Income Jumps 50% in Third Quarter Supplier Allison Transmission posted sizable third-quarter gains in net sales and net income, exceeding expectations and leading to projections that 2018 will be a record year for the company. Read more...
30 Oct Driver Shortage Repeats as Top Concern in ATRI Industry Survey AUSTIN, Texas — For the second year in a row, the national shortage of qualified truck drivers is considered the industry’s most pressing concern, according to an annual report prepared by the American Transportation Research Institute. Read more...
30 Oct SmartDrive, Geotab Announce Data Integration Agreement AUSTIN, Texas — Video-safety company SmartDrive Systems and telematics provider Geotab have announced a collaboration through which information collected via SmartDrive’s data collection hub can be used with Geotab’s mobile app for a variety of compliance and productivity services, the companies announced here. Read more...
30 Oct Consumer Spirits Rise to 18-Year High WASHINGTON — U.S. consumer confidence rose again this month, hitting a new 18-year high. The Conference Board said Oct. 30 that its consumer confidence index climbed to 137.9 in October from 135.3 in September. Both readings are the highest since September 2000. Read more...
30 Oct Decisiv Broadens Options for Managing Service-Related Data AUSTIN, Texas — Decisiv Inc., a provider of service-relationship management solutions for fleets, announced Explore, a data analytics reporting tool that gives customers greater control in drilling down into the raw service-related data and customizing reports. Read more...
30 Oct BP Breaks From Peers to Unleash Cash Bet on Oil Staying High BP is gearing up to leave European competitors in the dust, at least when it comes to spending the oil industry’s enormous cash pile. While Total SA and Equinor ASA signaled last week they still are keeping a tight rein on spending, BP showed Oct, 30 it is prepared to take some risks. Read more...
30 Oct Home Price Gains Weaken for Fifth Straight Month WASHINGTON — U.S. home price gains slowed for the fifth straight month in August as higher mortgage rates have lowered home sales. The deceleration reflects a broader weakening in the nation’s housing market. Sales of existing homes have dropped for six straight months, and sales of new homes have fallen for the past four. Read more...