27 Feb Oil Imports at 23-Year-Low, Output Hits Another Record The United States imported the least amount of crude oil on a weekly basis in 23 years, as OPEC-members Saudi Arabia and Venezuela cut their shipments to unusually low levels. Read more...
27 Feb Walmart Expands Private Fleet Delivery, Adds New Intermodal Service Walmart has begun expanding the scope and capabilities of its private fleet, taking over store distribution from dedicated contract carriers at facilities in Maine, Indiana and Ohio, while also adding a new intermodal service using a proprietary container design and company drivers to provide drayage service. Read more...
27 Feb Hyundai Plans $40 Billion in Spending Over Next Five Years Hyundai Motor Co. joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition from the likes of Tesla Inc. Read more...
27 Feb New York City Girds for Possible Congestion-Pricing Changes Under the plan sketched out Feb. 26, electronic-tolling devices would be installed around the district south of 61st Street by 2020, with discounts for off-peak travel. Uber Technologies Inc. is among those supporting the push for so-called congestion pricing. Read more...
27 Feb Lowe’s Posts Solid 4Q Results as Rival Home Depot Stumbles It was a cold winter for Lowe’s Cos., but sales largely held up. And now, CEO Marvin Ellison said demand for home improvement goods is starting to heat up, one day after rival Home Depot Inc. reported results that fell short. Read more...
27 Feb ATA Among Members of New USMCA Coalition President Donald Trump’s trade agreement with Canada and Mexico received a significant endorsement as more than 200 companies and associations representing freight and farming stakeholders urged Congress to pass the deal. Read more...
27 Feb Omnitracs Aims to Boost Fleet Efficiency by Migrating to ‘Cloud-Native’ Platform DALLAS — Omnitracs has embarked on a mission to reduce wasted time and inefficiency in trucking by harnessing the latest advances in cloud computing and software design. Read more...
26 Feb Apax VIII to Sell Entire Stake in Insurance Broker AssuredPartners Apax VIII, a fund advised by Apax Partners, will sell its entire stake in insurance broker AssuredPartners to an investor group led by Chicago-based private equity firm GTCR, according to AssuredPartners’ news release. Read more...
26 Feb TransForce Continues Expansion Trend by Acquiring USA Drivers TransForce Inc. purchased USA Drivers, an Atlanta regional staffing agency, according to a TransForce news release. The acquisition was TransForce’s 14th since 2013. Read more...
26 Feb Lineage Logistics Buys Preferred Freezer Services Refrigerated storage company Lineage Logistics of Novi, Mich., said it has agreed to purchase Preferred Freezer Services, a network of temperature-controlled cold storage warehouses based in Chatham, N.J. Read more...