25 Oct UPS, Seattle to Launch eBike Downtown Delivery Program UPS Inc. and Seattle Mayor Jenny Durkan announced Oct. 25 the parcel delivery company will begin a pilot project aimed at reducing congestion downtown and addressing air quality concerns. Delivery drivers will use electric pedal-assist cargo bicycles with a customized modular trailer attached to the back of the bike. Read more...
25 Oct Hair Testing Provisions Enacted as Part of Opioid Measure President Donald Trump on Oct. 24 signed into law legislation aimed at tackling opioid abuse. Read more...
25 Oct Groendyke Transport Announces Largest Acquisition in Company History Groendyke Transport Inc. has agreed to purchase the tank truck assets of McKenzie Tank Lines, a bulk carrier based in Tallahassee, Fla., for an undisclosed amount. Read more...
25 Oct Top For-Hire Carriers Contribute to Freight Congressional Leaders in Midterms UPS Inc. and FedEx Corp., the top two for-hire carriers in North America, have contributed to the re-election efforts of freight transportation leaders from both parties in Congress, according to a review of public records. Read more...
25 Oct US Capital-Equipment Orders Fall for Second Consecutive Month Orders placed with U.S. factories for business equipment declined in September for a second month, a sign momentum in capital investment has paused as global trade concerns persist, Commerce Department figures showed Oct. 25. Read more...
25 Oct Daimler Reports Lower 3Q Results Despite Gains in North American Truck Sales Daimler AG reported lower net income and revenue in the third quarter despite gains at its North American truck business. The company — the world’s largest luxury car manufacturer also is the largest truck maker — had forecast the results in recently released guidance. Read more...
25 Oct Blockchain-Based dexFreight Completes First Truckload Shipment Decentralized logistics platform dexFreight announced Oct. 24 that it had completed its first shipment — of frozen foods — using a blockchain-based contract system. Read more...
25 Oct Mullen Group’s Trucking Segment Bolsters 3Q Results Mullen Group reported strong revenue growth in its Canadian trucking business and expanded its oil field transportation services with a couple of key acquisitions, but the company’s profits dipped in the third quarter of 2018 as it dealt with rising costs and a decline in the value of the Canadian dollar. Read more...
25 Oct China Growth Engine for World’s Carmakers Now a Liability The chief engine of growth for the world’s carmakers is turning into their biggest headache. From Oct. 23 to Oct. 25, auto giants from Volkswagen AG and Ford Motor Co. to Renault SA and PSA Group have pinned flagging profits and weakening sales outlooks on a slowdown in the world’s largest auto market. Read more...
25 Oct Chevron Agrees to $160 Million Upgrade, Fines to End Pollution Probe SAN FRANCISCO — Federal officials said Oct. 24 that Chevron Corp. has agreed to pay a nearly $3 million fine and spend $160 million on environmental improvements and upgrading oil refineries to resolve allegations the company violated pollution laws. Read more...