13 Feb Veeco Services Sold To Unidentified 'Strategic' Buyer Ownership of Veeco Services, a warehousing, transportation and distribution firm based in North Bergen, N.J., has changed hands, according to Ron Lentz, managing director of G2 Capital Advisors in Boston. Read more...
13 Feb Delivering the Goods: U.S. Xpress Offers Team Bonuses Up to $50,000 With demand for long-haul driver teams outstripping supply, one of the country’s largest truckload carriers Feb. 12 launched a compensation plan to provide team drivers up to $50,000 in bonuses and four weeks of paid vacation every year. Read more...
13 Feb National Electrical Contractors Association Requests ELD Exemption The National Electrical Contractors Association has applied for an exemption from the requirement for its members’ drivers to use electronic logging devices to record hours of service. Read more...
13 Feb White House Doesn’t Plan Import Tax, Official Says, Contradicting Trump The Trump administration has no formal proposal on the table for a so-called reciprocal tax on imports, according to a U.S. official who sought to clarify whether a levy that risks escalating tensions with key trading partners would be enacted. Read more...
13 Feb Stallion Oilfield Services Completes Two Acquisitons Houston-based Stallion Oilfield Services completed two acquisitions, expanding its transportation services in the Permian Basin and the tri-state area of Pennsylvania, West Virginia and Ohio. Read more...
13 Feb Dana Sales Up but Tax Charge Hurts Profits Industrial parts supplier Dana Inc. reported Feb. 13 its fourth-quarter and full-year 2017 results, stating a net loss of $104 million in the fourth quarter compared with income of $485 million in the same period in 2016. Read more...
13 Feb ATA Chairman Dave Manning Discusses Autonomous, Electric Trucks NASHVILLE, Tenn. — Two fleet executives doubt fully autonomous or electric trucks will revolutionize the longhaul truckload industry in the near future, foreseeing instead a gradual evolution for these technologies. Read more...
13 Feb Record Number of Small-Business Owners Say It’s a Good Time to Expand Optimism among small companies in the U.S. rose more than forecast in January, fueled by a record number of owners who said now was a good time to expand, according to a National Federation of Independent Business survey released Feb. 12. Read more...
13 Feb Analysis: How California Guards Its Power on Fuel Standards In 2012, the Barack Obama administration imposed regulatory standards that require significant increases in the fuel economy of automobiles. Intent on reducing regulatory costs, the Donald Trump administration is rethinking those standards. But it’s encountering a major roadblock: California. Read more...
13 Feb Seko Logistics Elevates Wascher to Chairman Chicago-based freight forwarder Seko Logistics has shuffled its top management team in a move designed to help the company focus on expansion opportunities in the year ahead. Read more...