07 Jan Trucking Industry Expected to See Slower Growth in 2019 After a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high, the trucking industry is expected to remain strong in 2019 but undergo a bit of a cool-down, economists say. Read more...
07 Jan Savage Inland Marine Acquires Assets of Progressive Barge Line Savage Inland Marine has acquired the assets of Progressive Barge Line, according to a Dec. 28 press release. Read more...
07 Jan Capitol Agenda for the Week of Jan. 7: The DeFazio Era Begins Oregon Democrat Peter DeFazio was first elected to Congress in 1986. Now as the chairman of the Transportation and Infrastructure Committee, will he be the one to orchestrate an infrastructure funding plan? Here's the week ahead for trucking on Capitol Hill. Read more...
07 Jan Gryphon Investors Buys Majority Stake in Nolan Transportation Group Private equity firm Gryphon Investors added to its logistics portfolio with the purchase of a majority stake in Atlanta-based freight broker Nolan Transportation Group for an undisclosed amount. Read more...
07 Jan Midwest States Launch Program to Address Truck Parking Issues A group of eight Midwestern states has launched a system to inform truckers about parking availability along interstate highways. Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Ohio and Wisconsin launched the Trucks Park Here program. Read more...
07 Jan OnDeck to Offer Equipment Finance Loans OnDeck, an online lender for small businesses, has announced that it will begin offering equipment finance loans in 2019. Read more...
07 Jan JZ Expedited Promotes Chris Sloope to COO The JZ Expedited Companies, a full-service asset-based 3PL, has announced the promotion of Chris Sloope from vice president of sales and international operations to COO. Read more...
07 Jan Service Firms Grew at Slower Pace in December WASHINGTON — U.S. service firms grew in December at the slowest pace in five months, a possible indication that various headwinds from turbulent markets to trade tensions could be having an impact on economic activity. Read more...
07 Jan Sears Said to Weigh Liquidation as Lampert’s Bid Falls Short Sears representatives summoned liquidation firms and other advisers to emergency meetings on Jan. 4 after rejecting Lampert’s $4.4 billion bid to buy and operate Sears stores. Read more...
07 Jan Daimler, Bosch Cruise Into Robotaxi Era With Slow Shuttles Four years ago, Daimler AG dazzled with a self-driving luxury lounge in Las Vegas. This year the Mercedes-Benz maker is back at the annual Consumer Electronics Show, though with a more utilitarian slant: a bubble-like autonomous shuttle designed to reliably ferry people and goods around town at limited speeds. Read more...