09 May Kraft Heinz Site Turns to Electric Yard Tractors The Kraft Heinz Co. announced the deployment of three T-Series battery-electric terminal trucks from Orange EV at its distribution center in Groveport, Ohio. Read more...
09 May Stamps.com Craters Without Postal Service Partnership Stamps.com plunged 48% in pre-market trading May 9, poised to drop to a five-year low, after the company slashed its profit outlook for the full year, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service. Read more...
09 May Trade Gap With China Shrinks to Lowest Since 2016 The U.S. trade deficit with China decreased to the narrowest in almost three years as imports slowed and exports advanced, offering President Donald Trump a chance to claim his tariff war is yielding the desired results just as negotiations reach a critical stage. Read more...
09 May News of GM Plant Sale Leaves Union Unhappy The president of United Auto Workers Local 1112 in Lordstown — whom Trump attacked on Twitter two months ago — is among a handful of workers whose job is to do maintenance at the inactive compact car factory that made its last Chevrolet Cruze in March. He was left in the dark about GM’s talks to sell the factory. Read more...
09 May Chevron Walks Away From $33 Billion Deal to Buy Anadarko Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a monthlong bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size. Read more...
09 May ASCE Releases Infrastructure Grades for Iowa and California The American Society of Civil Engineers’ newly released infrastructure report cards for Iowa and California reveal the condition of those states’ underlying frameworks are just average. Read more...
08 May Industry Veteran of 46 Years Wins It All in South Carolina With a perfect written exam score, a solid pre-trip inspection and a 265 out of 300 on his road skills, Ralph Hamilton of Old Dominion Freight Line clinched his Grand Champion title at the South Carolina Truck Driving Championships. Read more...
08 May Idaho’s Paul Unser Dethrones Reigning Grand Champion to Claim Crown After winning Straight Truck at Idaho’s Truck Driving Championships last year, Paul Unser of YRC Freight not only won Straight Truck this year, but took overall Grand Champion honors as well. Unser beat out Timothy Melody of ABF Freight System, who competed and won in Sleeper Berth this year. Read more...
08 May Cold-Supply Logistics Companies in Hot Pursuit of Acquisitions Cold-storage logistics companies are seizing opportunities to expand, with at least two major U.S. companies in the sector snapping up properties of late. Read more...
08 May FMCSA’s Ray Martinez: Industry Collaboration, Data Play Key Roles in Agency’s Work SCOTTSDALE, Ariz. — The Federal Motor Carrier Safety Administration is focused on improving infrastructure and creating common-sense regulations, and open communication with the trucking industry enhances the government’s efforts. Read more...