06 Nov Expeditors International Posts Record Profits, Net Revenue in 3Q Expeditors International of Washington Inc. achieved record profits and net revenue in the third quarter as the Seattle-based air and ocean freight forwarder benefited from lower taxes and kept ahead of rising transportation costs in a tight-capacity market. Read more...
06 Nov GE’s Latest Offspring Sees Green Boost for Gas Engine Sales The latest company born out of General Electric Co. expects sales of its industrial engines fired by natural gas to benefit from the spread of renewables such as solar and wind. Read more...
06 Nov New Michigan DOT Director Will 'Stay the Course' During Two-Month Term After holding various roles at the Michigan Department of Transportation for more than 38 years, Mark Van Port Fleet will serve as the agency’s director for the next two months. Read more...
06 Nov Hub Group to Acquire Retail Consolidation Specialist CaseStack Hub Group has agreed to acquire CaseStack Inc. for $255 million as part of a strategy to expand and diversify its transportation service offerings. Read more...
06 Nov Amazon Is Said to Split HQ2 Between New York, Northern Virginia Amazon.com’s yearlong search for a second headquarters is nearing an end, people with knowledge of the matter said. One will be the Crystal City area of Arlington, in Northern Virginia, two people said. Another will be Long Island City, in the New York borough of Queens, other people said. An Amazon spokesman declined to comment. Read more...
06 Nov FMCSA Plans to Expand Off-Site Carrier Audits to All 50 States Over Next Year The Federal Motor Carrier Safety Administration over the next year plans to expand implementation of its “off-site safety audit” review process from 10 test states to all 50 states, officials said. Read more...
06 Nov Trucking U Introduces Students to Career Opportunities AUSTIN, Texas — The trucking industry presents more career opportunities for young people than college and high school graduates may realize, university students said here during an educational program held at American Trucking Associations’ Management Conference & Exhibition. Read more...
05 Nov Diesel Continues to Slide, Drops 1.7 Cents to $3.338 a Gallon The U.S. average retail price of diesel dropped 1.7 cents to $3.338 a gallon as prices for West Texas Intermediate crude oil continued to sink despite concerns that global supplies could fall amid U.S.-imposed sanctions on Iran. It was the third consecutive weekly decline in the price of diesel. Read more...
05 Nov Magnate Worldwide Acquires Domek Logistics Shipping and logistics company Magnate Worldwide has announced the acquisition of Domek Logistics. Domek will integrate as an additional branch of Masterpiece International, MWW’s international freight forwarding and customs brokerage subsidiary, according to a Nov. 2 press release. Read more...
05 Nov TP&L Starts $4.1 Million Rail Project Transportation Partners and Logistics has begun a $4.1 million rail construction project in Pensacola, Fla., according to an October press release. Read more...