19 Feb Port Tampa Bay Soon Will Welcome Largest Cargo Ships in Port History The biggest containerships ever seen in Tampa Bay will begin making weekly calls at Port Tampa Bay from Asia starting in May, port officials announced Feb. 19. Read more...
19 Feb BUILD Infrastructure Grants Reduced in Recent Funding Deal Funding for grants meant to assist states with infrastructure projects of regional significance was cut under the recently signed law ensuring federal agencies remain open through fiscal 2019. Read more...
19 Feb Walmart Surges After Reporting Best Holiday Quarter Since 2009 Walmart Inc. finally gave the U.S. retail sector some good news. The company brushed off the industry’s disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector’s outlook for 2019. Comparable sales for Walmart stores in the United States — a key performance barometer — rose 4.2% in the quarter that included Christmas, beating analysts’ estimates by a full percentage point. Read more...
19 Feb CO2 Caps Coming for Trucks in European Union European Union negotiators agreed to impose caps on carbon dioxide from trucks for the first time, stepping up the fight against climate change with a challenge to manufacturers such as Daimler AG. Read more...
19 Feb GPS Trackit Acquires TSO Mobile, InTouch GPS, Fleet Trax GPS Trackit, a provider of fleet management software, said it completed acquisitions of TSO Mobile of Miami, InTouch GPS of Lakeland, Fla., and Fleet Trax of Dallas in 2018. Read more...
19 Feb January Tonnage Index Improves Over December and Year-Ago Levels American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.3% in January after falling 1% in December. Read more...
19 Feb DRiV Inc. to Emerge From Tenneco Later This Year DRiV Inc. is the name of an aftermarket parts and ride performance company that is being launched in the wake of Tenneco Inc.’s separation into two independent companies, Tenneco announced. Read more...
19 Feb XPO’s Brad Jacobs Hits Brakes on M&As After building a fortune and several businesses by buying company after company, XPO Logistics Inc. CEO Brad Jacobs is abandoning acquisitions, a principal reason many investors bought into the stock. Read more...
19 Feb Toyota Acquires Chicago-based Hoist Liftruck Toyota Industries North America has acquired Chicago-based Hoist Liftruck Manufacturing. The company will be renamed Hoist Material Handling. Read more...
19 Feb XPO Denies Memphis Plant Closing Is Retaliation XPO Logistics Inc. confirmed Feb. 14 that it will close a facility in Memphis, Tenn., where some employees have made allegations of pregnancy discrimination and sexual harassment, and the next day CEO Brad Jacobs said a customer's request prompted the decision. Read more...