27 Aug Canadian Firm Express Mondor Finalizes Acquisition of Transport L’Epiphanie Express Mondor has finalized its acquisition and integration of Transport L’ Epiphanie’s entire team and assets, the Canadian freight-hauling company said. Financial terms of the agreement announced on Aug. 23 were not disclosed. Read more...
27 Aug Food Service Distributor Atlantic Beverage Receives New Investment Atlantic Beverage Co., an Edison, N.J.-based importer and distributor of nonperishable food and beverage products, has received new capital from a group of investment firms led by KCM Capital Partners in Chicago. Read more...
27 Aug Bendix Transitions Facilities to New Quality Standards Bendix Commercial Vehicle Systems and Bendix Spicer Foundation Brake announced each has completed all audits successfully, ensuring full transition to the new standards from the International Automotive Task Force, and the International Organization for Standardizations. Read more...
27 Aug Tesla Holders Brace for Market’s Verdict on Musk’s Brazen Pivot Elon Musk’s stunning tweet that he wanted to take Tesla Inc. private and had funding secured was a classic Musk moonshot — given credibility only by the sense that if anyone could possibly pull such a brazen feat, he was the guy. Read more...
27 Aug US, Mexico Agree on New Trade Deal President Donald Trump said the U.S. is pursuing a new trade accord with Mexico to replace the North American Free Trade Agreement and called on Canada to join the deal soon or risk being left out. Read more...
27 Aug J.B. Hunt 360 Perks Taps Pilot Flying J, Goodyear, SiriusXM J.B. Hunt, SiriusXM, Pilot Flying J and Goodyear Tire and Rubber Co. have announced a rewards program that they said will help carriers save money, spend more time driving and have an overall better experience. Read more...
27 Aug Capitol Agenda for the Week of Aug. 27: The LeBron James of Trucking 2018 NTDC champion Scott Woodrome and NBA superstar LeBron James have a lot in common. Seriously. Read more...
27 Aug United Rail Purchases U S Rail Holdings for $4.5 Million Short-line freight railroad U S Rail Holdings is being acquired by United Rail Inc. for $4.5 million. U S Rail Holdings, based in Toledo, Ohio, leases and operates about 72 miles of rail lines in the Kokomo, Ind., area providing transloading, private industrial railcar switching, track maintenance services, railcar repair and railcar storage. Read more...
27 Aug PS Logistics Finalizes Purchase of D. Mosley Trucking PS Logistics has completed the purchase of D. Mosley Trucking Inc. and DMT Logistics Services Inc., the Birmingham, Ala.-based company announced Aug. 23. Financial terms were not announced. Read more...
24 Aug Amerit Attracts New Investments Amerit Fleet Solutions, a provider of fleet maintenance and repair services to commercial fleets, announced the close of a majority investment from Ridgemont Equity Partners, a middle-market private equity firm, and a minority investment from Element Fleet Management Corp., a global fleet management company. Read more...