23 Oct New Autonomous Trucking Company Ike Aims to Bring ‘Some Patience’ to Field This year has seen its fair share of autonomous trucking news, but the space shows little sign of cooling off. Earlier this month, a new competitor entered the arena, led by a team of industry veterans and backed by a prominent software company. Read more...
23 Oct Paccar Posts Strong 3Q Results on Truck Deliveries, Aftermarket Sales Paccar Inc. reported a 35% jump in net income plus higher revenue for the third quarter as truck deliveries and aftermarket sales drove the results. Read more...
23 Oct E2open Buys Leading Ocean Freight Software Firm Inttra E2open, an Austin-based software company that provides cloud-based services for the supply chain industry, said Oct. 22 that it had acquired New Jersey-based Inttra, a software company that provides various tools to shippers and carriers in the ocean freight industry. Read more...
23 Oct TFI International Posts Strong Growth in 3Q TFI International, one of the largest trucking and logistics companies in the United States and Canada, reported strong growth in revenue and operating profits across all of its business segments in the third quarter. Read more...
23 Oct Trade Tariffs Spark Surge in Lobbying Companies and business groups, including the U.S. Chamber of Commerce, ramped up their spending on lobbying during the third quarter, as they sought to contain what they feel is damage from President Trump’s trade war. Read more...
22 Oct Diesel Slides 1.4¢ in First Decline Since Aug. 20 The U.S. average retail price of diesel inched down 1.4 cents to $3.380 a gallon as crude oil prices slipped amid growing U.S. inventories of crude. Read more...
22 Oct USA Truck Acquires Davis Transfer Co. USA Truck announced the purchase of Davis Transfer Co., a family-owned trucking company based in Carnesville, Ga., for $53 million in cash and stock, a deal that signals the start of a more aggressive growth strategy at USA Truck by the company’s new management team. Read more...
22 Oct Trump Orders Federal Spending Cuts as Chao Touts Regulatory Streamlining The U.S. Department of Transportation and other federal agencies have to come up with a 5% reduction in their budgets for next year, President Donald Trump told his Cabinet during a recent meeting at the White House. Read more...
22 Oct Crowley Maritime Christens LNG-Powered Cargo Ship Fair winds and following seas greeted El Coqui — hailed as the future of modern maritime trade with its cleaner-burning liquefied natural gas engines and cutting-edge technology — as she sailed Oct. 20 from Jacksonville with cargo bound for Puerto Rico. Read more...
22 Oct North Dakota Pipeline Company Gauges Interest in Expanding Oil Volume BISMARCK, N.D. — The developer of the Dakota Access pipeline is gauging shippers’ interest in a possible expansion of the volume of crude oil moved through the pipeline from 500,000 barrels to 570,000 barrels per day, despite ongoing tribal efforts to shut the pipeline down. Read more...