07 Jan DTNA Pushes Ahead With Automated Driving, Other New Technology on Flagship Cascadia LAS VEGAS — Daimler Trucks North America announced it would begin production in 2021 of medium- and heavy-duty battery electric trucks that are now being developed in close cooperation with select North American customers. See video. Read more...
07 Jan Oil Set for Longest Gain in 17 Months on US Economy, OPEC Cuts Oil headed for its longest stretch of daily gains in more than 17 months as the U.S. Federal Reserve sought to ease investor concerns, China moved to stimulate its economy and OPEC production cutbacks took effect. Read more...
07 Jan Elon Musk, Tesla Break Ground on China Plant, First Outside US After four years of planning, Tesla Inc. finally broke ground on its planned $5 billion factory in the world’s biggest auto market, China. But the timing couldn’t be more inauspicious. Read more...
07 Jan Namaste Extends Stake in Cannabis Provider Pineapple Express Cannabis e-commerce company Namaste Technologies has announced its entrance into a share purchase agreement of an additional 34% equity stake in Pineapple Express Delivery, a same-day cannabis delivery provider in Canada, according to a Dec. 17 press release. Namaste previously acquired shares from Pineapple Express in June 2018, and it now owns 49% of the latter company’s outstanding common shares. Read more...
07 Jan Hines Corp. Sells Crane Carrier, Kimble Mixer to Investment Firm Hines Corp. has spun off its Specialty Vehicle Group, which consists of Crane Carrier Co., a maker of vocational truck chassis, and Kimble Mixer Co., a manufacturer of concrete pumping equipment used in construction, agriculture and oil and gas exploration. The business was acquired by Turnspire Capital Partners, a New York-based investment firm, and a group of company managers, according to a Jan. 2 press release. Read more...
07 Jan Saia Names Frederick Holzgrefe III President, COO Saia Inc., a multiregional LTL, nonasset truckload, expedited and logistics services provider, announced it has named Frederick J. Holzgrefe III as its new president and chief operating officer effectively immediately, according to a Jan. 4 press release. Additionally, he has joined the board of directors. Read more...
04 Jan PS Logistics Completes Robinette Acquisition Flatbed transportation solution provider PS Logistics has announced that its subsidiary, Loudon County Trucking, completed its acquisition of Robinette Trucking Inc. and Robinette Properties Inc., according to a Dec. 20 press release. Financial terms were not disclosed. Read more...
04 Jan Forager Logistics Launches as Cross-Border Freight Broker The cross-border freight brokerage and logistics service field has a new player in Forager Logistics. The Chicago-based company will focus on servicing supply chain networks in the automotive and aerospace industries, according to a Jan. 3 press release. Read more...
04 Jan Infrastructure, Trade Loom Large for Trucking in the New Year Infrastructure and trade loom large for trucking in the year ahead as freight carriers adjust to a slower, but still positive, rate of economic growth in 2019, according to industry experts interviewed by Transport Topics. Read more...
04 Jan Seko Logistics Acquires GoodShip International Seko Logistics, a supply chain solutions provider, has acquired GoodShip International Inc. The move marks Seko’s first full acquisition of another independent freight forwarding specialist in its 42-year history, the company stated in a Jan. 3 press release. Read more...