29 Jan Ceva Logistics Board Rejects Stock Buyout Bid by CMA CGM Ceva Logistics’ board of directors has recommended that shareholders reject a tender offer from CMA CGM to buy all of the publicly held shares of stock in the Swiss company, saying the price of 30 Swiss francs per share is too low. Read more...
29 Jan Used Class 8s Cost More in December; Sales Flat The average used Class 8 in December was slightly older, had more mileage and sold for 9% more compared with a year earlier, as sales were flat, according to ACT Research Co. Read more...
28 Jan Diesel Price Unchanged; US Average Now Less Than a Year Ago The U.S. average retail price of diesel was unchanged the week of Jan. 28 at $2.965 a gallon and now is about 10 cents a gallon cheaper than it was a year ago, according to the U.S. Energy Information Administration. Read more...
28 Jan Descartes to Acquire Visual Compliance Descartes Systems Group agreed to acquire Visual Compliance, a firm that provides software and services to automate customs, trade and fiscal compliance processes for businesses. Read more...
28 Jan During Shutdown, NTSB Didn’t Send Investigators to Many Fatal Accidents The National Transportation Safety Board said that during the 35-day partial government shutdown it was unable to dispatch investigators to multiple instances of fatal accidents. Read more...
28 Jan US Confirms China Trade Talks to Begin The Trump administration confirmed it will hold two days of talks this week in Washington to discuss structural changes to China’s economy and Beijing’s pledge to buy more American goods. Read more...
28 Jan Oil Dips as China Slowdown Signals Demand Drop Crude skidded to its worst loss in a month as disappointing corporate profit forecasts stoked concern about the economy, bruising a market already anxious about booming American oil supplies. Read more...
28 Jan 2019 State Truck Driving Championships Schedule The road to the 2019 National Truck Driving Championships begins March 29-30 when Louisiana becomes the first state to hold its event. See the 2019 schedule. Read more...
28 Jan Express Delivery and Logistics Association Merges With CLDA The Express Delivery and Logistics Association, a trade group that represents air cargo and package delivery firms, has agreed to merge with the Customized Logistics & Delivery Association, according to a joint statement released Jan. 28. Read more...
28 Jan Infrastructure Missing in Talks Between Trump, Hill Leaders Talks between President Donald Trump and congressional leaders seem to be lacking one key ingredient: infrastructure. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...