07 Jan JZ Expedited Promotes Chris Sloope to COO The JZ Expedited Companies, a full-service asset-based 3PL, has announced the promotion of Chris Sloope from vice president of sales and international operations to COO. Read more...
07 Jan Service Firms Grew at Slower Pace in December WASHINGTON — U.S. service firms grew in December at the slowest pace in five months, a possible indication that various headwinds from turbulent markets to trade tensions could be having an impact on economic activity. Read more...
07 Jan Sears Said to Weigh Liquidation as Lampert’s Bid Falls Short Sears representatives summoned liquidation firms and other advisers to emergency meetings on Jan. 4 after rejecting Lampert’s $4.4 billion bid to buy and operate Sears stores. Read more...
07 Jan Daimler, Bosch Cruise Into Robotaxi Era With Slow Shuttles Four years ago, Daimler AG dazzled with a self-driving luxury lounge in Las Vegas. This year the Mercedes-Benz maker is back at the annual Consumer Electronics Show, though with a more utilitarian slant: a bubble-like autonomous shuttle designed to reliably ferry people and goods around town at limited speeds. Read more...
07 Jan DTNA Pushes Ahead With Automated Driving, Other New Technology on Flagship Cascadia LAS VEGAS — Daimler Trucks North America announced it would begin production in 2021 of medium- and heavy-duty battery electric trucks that are now being developed in close cooperation with select North American customers. See video. Read more...
07 Jan Oil Set for Longest Gain in 17 Months on US Economy, OPEC Cuts Oil headed for its longest stretch of daily gains in more than 17 months as the U.S. Federal Reserve sought to ease investor concerns, China moved to stimulate its economy and OPEC production cutbacks took effect. Read more...
07 Jan Elon Musk, Tesla Break Ground on China Plant, First Outside US After four years of planning, Tesla Inc. finally broke ground on its planned $5 billion factory in the world’s biggest auto market, China. But the timing couldn’t be more inauspicious. Read more...
07 Jan Namaste Extends Stake in Cannabis Provider Pineapple Express Cannabis e-commerce company Namaste Technologies has announced its entrance into a share purchase agreement of an additional 34% equity stake in Pineapple Express Delivery, a same-day cannabis delivery provider in Canada, according to a Dec. 17 press release. Namaste previously acquired shares from Pineapple Express in June 2018, and it now owns 49% of the latter company’s outstanding common shares. Read more...
07 Jan Hines Corp. Sells Crane Carrier, Kimble Mixer to Investment Firm Hines Corp. has spun off its Specialty Vehicle Group, which consists of Crane Carrier Co., a maker of vocational truck chassis, and Kimble Mixer Co., a manufacturer of concrete pumping equipment used in construction, agriculture and oil and gas exploration. The business was acquired by Turnspire Capital Partners, a New York-based investment firm, and a group of company managers, according to a Jan. 2 press release. Read more...
07 Jan Saia Names Frederick Holzgrefe III President, COO Saia Inc., a multiregional LTL, nonasset truckload, expedited and logistics services provider, announced it has named Frederick J. Holzgrefe III as its new president and chief operating officer effectively immediately, according to a Jan. 4 press release. Additionally, he has joined the board of directors. Read more...