08 May Smooth Cross-Border Operations Hinge on Trade Agreement SCOTTSDALE, Ariz. — Ratification of the United States-Mexico-Canada Agreement, which is the proposed replacement for the North American Free Trade Agreement, is critical to uninterrupted, timely border crossings, trucking executives said here during American Trucking Associations’ Mid-Year Management Meeting. Read more...
08 May Wind Point Partners Acquires A&R Logistics Wind Point Partners, a Chicago-based private equity investment firm, has acquired A&R Logistics and will partner with management to expand the company’s business and make additional acquisitions, according to a statement issued May 7. Read more...
08 May Workers’ Compensation Costs Lower for Companies, but Risk Higher An aging workforce of drivers is elevating the risk of workers’ compensation claims for fleets even as trucking companies are seeing stable or even lower premiums for workers’ compensation insurance, industry experts said. Read more...
08 May Infrastructure Week Shines Spotlight on Resilience, Modernization After recent hurricanes destroyed transportation corridors in the Southeast part of the country, Puerto Rico and the U.S. Virgin Islands, Democrats on Capitol Hill ramped up their calls for rebuilding infrastructure that would be far more resilient. Read more...
08 May CVSA’s Operation Safe Driver Week to Focus on Speeding Law enforcement personnel will be on the prowl for bad behavior by commercial vehicle and passenger drivers on the nation’s roadways, including a special focus on speeding, during this year’s Operation Safe Driver Week event scheduled for July 14-20. Read more...
07 May Teamsters Call for XPO Logistics to Separate Board Chairman, CEO Roles Days before XPO Logistics Inc. plans to hold its annual shareholder meeting on May 15, the International Brotherhood of Teamsters is urging that the company’s board chairman be an independent director and that the chairman and CEO positions be split in two. Read more...
07 May Nestle US Unit to Cut 4,000 Jobs by Stopping Direct-to-Store Delivery Nestle SA’s U.S. unit will lay off about 4,000 workers as it stops delivering frozen pizza and ice cream directly to stores and instead transitions to a warehouse model that’s becoming an industry standard for major food companies looking to trim costs. Read more...
07 May Suppliers Take Path to Alternative Powertrains With interest in alternative powertrains heating up, a mix of suppliers and original equipment manufacturers discussed in their latest earnings reports how they are preparing to help customers who face more options than ever. Read more...
07 May Amazon One-Day Shipping Lifts Startups Serving Retailer’s Competition Amazon's pledge last month to pump $800 million into making next-day delivery the new standard upped the pressure on its brick-and-mortar rivals to spend more trying to catch up all over again. Read more...
07 May Anadarko Accepts Occidental Petroleum Bid; Chevron to Make Counteroffer? Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years. Read more...