15 Jun U.S. Xpress Raises Over $250 Million in Stock Issue A decade after its owners took the company private, U.S. Xpress Enterprises, Inc. returned to Wall Street June 14 to raise more than $250 million of equity and again become a publicly traded company. Read more...
14 Jun Editorial: Working Conditions We all want to like our workplaces. For fleet drivers, that workplace extends from the truck cab all the way to the headquarters of the carriers for whom they drive. And its important to keep drivers happy regardless of which place they happen to be on a given day. Read more...
14 Jun Amazon Eyeing Another Big Shipping Hub South of Dallas Digital retail giant Amazon is growing its footprint again in North Texas. Read more...
14 Jun UPS Says New Tax Law Creates ‘Whack-a-Mole’ Game U.S. multinationals face a “tricky situation” in trying to plot a tax strategy around the new base erosion and anti-abuse tax (BEAT) in the 2017 U.S. tax law, a UPS official said. Read more...
14 Jun May Class 8 Sales Climb 18.1%; Analysts Expected More U.S. retail sales of Class 8 trucks in May topped 19,000 and were the fourth-highest in the past 26 months, WardsAuto.com reported. However, analysts said a severely challenged supply chain has stalled even higher sales and added to truck makers’ production-related expenses. Read more...
14 Jun Funding Bills to Begin Journey to House, Senate Floors After announcing he would break with tradition and keep the chamber in session for most of August, Senate Majority Leader Mitch McConnell (R-Ky.) indicated a few fiscal 2019 funding bills would be reaching the floor as early as the week of June 18. Read more...
14 Jun Bayonne Bridge Rebuild 1 Year Ago Pays Dividends for Ports One year after completing the nearly $1.7 billion task of raising the Bayonne Bridge to a height of 215 feet, the Port of New York and New Jersey said the project is resulting in larger ships calling on its ports and is contributing to record-setting cargo volume and economic activity. Read more...
14 Jun Wyoming Supreme Court Reverses Lower Court Ruling on CRST Wrongful Death Lawsuit CRST International Inc. must stand trial in connection with a wrongful death lawsuit after a state supreme court overturned a lower court’s ruling in favor of the trucking company, according to court documents. Read more...
14 Jun Transportation Policymakers Survive Primaries, With the Exception of Mark Sanford While several Republican incumbents with key roles on transportation committees celebrated wins in the June 12 primaries, South Carolina’s Mark Sanford (R) wasn’t so lucky. Read more...
14 Jun EPA Advisory Board to Review Science Behind the Agency’s Glider Truck Rule Repeal Proposal An Environmental Protection Agency advisory board is reviewing the quality and relevance of scientific and technical information used to justify repealing an Obama administration regulation that limits the production of glider trucks. Read more...