28 Mar Warehouses Are Now Worth More Than Offices, Thanks to Amazon While China slams the brakes on buying trophy properties and the retail apocalypse draws nigh, something less sexy but striking is going on in real estate. Read more...
28 Mar Editorial: FMCSA’s Listening, Will You Talk? As of April 1, truck drivers may now be placed out of service for failing to record hours of service using an electronic logging device. There are a few exceptions, but the soft-enforcement phase of the ELD mandate is behind us, and the situation is more real for some drivers: Plug in an ELD, or pull off the highway. Read more...
28 Mar Economic Growth Revised Higher on Spending, Inventories The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to household spending on services and a smaller drag from inventories, according to Commerce Department data released March 28. Read more...
27 Mar Dana Adds to Offer for UK-based Driveline Operation Dana Inc. announced it has upped its offer for the driveline division of United Kingdom-based GKN plc by $140 million to $1.77 billion, an 8.6% increase. Read more...
27 Mar FedEx’s Courville Wins Top Honors in Louisiana Truck Championships Eric Courville, a FedEx Freight driver for more than two decades, took home the grand champion honors at the Louisiana State Truck Driving Championships March 23-24. Read more...
27 Mar FIU Bridge Collapse Unlikely to Dull Popularity of ABC Building Method, Experts Say Despite urgent concerns over the cause of the recent collapse of a pedestrian bridge in Miami, experts agree that accelerated bridge construction (ABC) will remain a popular method for building spans. Read more...
27 Mar FedEx Orders 20 Tesla Semis FedEx Corp has ordered 20 of the Tesla Semi electric trucks for its FedEx Freight less-than-truckload unit. Read more...
27 Mar Dan Doran Named Chairman of Truckload Carriers Association Dan Doran was named chairman of the Truckload Carriers Association for the 2018-2019 term at the group’s annual convention March 27 in Kissimmee, Fla. Read more...
27 Mar $127 Million Savannah Port Rail Hub Expected to Take 200,000 Trucks Off State’s Freeways On March 27, the Georgia Ports Authority held a ceremonial groundbreaking for the $126.7 million Mason Mega Rail Terminal, a sprawling rail yard GPA Executive Director Griff Lynch said will provide better connections to the main CSX and Norfolk Southern rail networks as well as provide direct access to coveted Midwestern cities such as St. Louis and Chicago. Read more...
27 Mar China Appeals for Cooperation as It Warns of ‘Trade War’ A top Chinese official warned March 25 that a “trade war” would harm all sides but gave no indication of Beijing’s possible next move in a spiraling dispute with President Donald Trump over steel and technology. Read more...