25 Aug Daimler to Open Distribution Center in Indiana Daimler Trucks North America plans to open a parts distribution center in the Indianapolis area, a move that is expected to add 45 jobs in 2017. Read more...
25 Aug Atlas Air to Supply FedEx Express with Freighter Aircraft Atlas Air Worldwide Holdings Inc., a provider of outsourced aircraft and aviation operating services, has entered into a five-year agreement with FedEx Express to provide it with five 747-400 freighter aircraft for peak flying seasons beginning in 2017 and lasting through 2021. Read more...
25 Aug Asia's Biggest Container Shipper Posts Loss After China Merger China Cosco Holdings Co., Asia's largest container shipping company after a government-led merger last year, posted a loss in the first half as excess capacity dragged down cargo rates. Read more...
25 Aug Sarah Long Bridge Between New Hampshire, Maine Closes Permanently A mechanical failure in the tower on the New Hampshire side of the Sarah Long Bridge that connects Portsmouth, New Hampshire, and Kittery, Maine, has caused the 76-year-old structure to be closed permanently. Read more...
25 Aug C.H. Robinson Settles Class-Action Lawsuit on Overtime Pay C.H. Robinson Worldwide Inc. settled a class-action lawsuit with former employees in a case involving overtime wages. Read more...
25 Aug FedEx Doubles Down on Purple and Orange Chairman Frederick Smith announced to employees Aug. 24 that the company would adopt the 43-year-old FedEx combination of purple and orange as its unified color scheme. Read more...
25 Aug Mack Trucks Names New Boss for Lehigh Valley Plant Mack, on Aug. 24, announced that Rickard Lundberg has been appointed vice president and general manager of its Mack Lehigh Valley Operations plant in Pennsylvania. Read more...
25 Aug Consumer Comfort Jumps to Highest Level Since April 2015 American consumers grew more upbeat last week than at any other time since April 2015, signaling robust spending will continue amid favorable views of the buying climate and household finances, the weekly Bloomberg Consumer Comfort Index showed Aug. 25. Read more...
25 Aug Trains, Trucks and Two Tankers Involved in Perhaps Most Logistically Complex US Oil Trade Yet Mercuria Energy Group has engineered perhaps the most logistically complex trade yet to export U.S. oil since a four-decade ban on sales was lifted. Read more...
25 Aug Truckstop.com Hires Mark Robinson as Chief Financial Officer Truckstop.com announced that it hired Mark Robinson as its chief financial officer. Read more...