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Document Automation Puts Trucking Back Office in Fast Lane

The deluge of documents that trucking generates is increasingly managed and processed via automation. Providers of document-management systems said these systems yield labor savings and efficiencies.

July 9, 2019

Great Lakes High Water Could Hurt Shipping, Industry Warns

As high water levels persist in the Great Lakes, some shoreline dwellers are putting pressure on officials to open up dams in the east to let out more water, but shipping industry officials in Duluth, Minn., and Superior, Wis., worry such a move thousands of miles away could have big consequences locally.

July 5, 2019

In Court Filing, Prime Inc. Says Amazon’s Use of ‘Prime’ Causes Confusion

Prime Inc. says Amazon’s display of “Prime” on its shipping vehicles creates a likelihood of confusion with Prime Inc.'s trucking business, a July 2 complaint in the Western District of Missouri says.

July 3, 2019

Management Team of PTL Buys Company From Magnate Worldwide

Premium Transportation Logistics announced its senior management team — current President Jeff Curry, Operations Manager Keith Avery and expedited transportation sales veteran, Brad Kelley — has acquired PTL from Magnate Worldwide.

July 1, 2019

Performance Food to Buy Rival Supplier Reinhart for $2 Billion

Performance Food Group Co. agreed to buy Reinhart Foodservice for $2 billion in a combination of U.S. food suppliers.

July 1, 2019

FRA Awards Grant to Georgia Central Railway

Dublin, Ga., has earned $8 million in grants for improvements to its rail infrastructure. A $4 million grant from the Federal Railroad Association was given to the city through its Consolidated Rail Infrastructure and Safety Improvements Program, which was matched by the Georgia Central Railway.

July 1, 2019

Musk Seeking Tesla Deliveries Record Could Be a Double-Edged Sword

Analysts’ fear is that even if Tesla does show marked improvement in deliveries this quarter, Musk will achieve this at the expense of profitability. And with a shrinking U.S. tax credit posing a threat to demand in the second half of the year, Tesla’s efforts to hand over more Model 3s overseas could further compromise earnings because of relatively higher shipping expenses.

July 1, 2019

Brookfield Buys Rail Operator Genesee for $8.4 Billion

An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.

July 1, 2019

Midwest Deluge Spurs Cut in US Estimate for Soybean Acreage

The spring deluge in the Midwest and Great Plains spurred a cut in the U.S. forecast for soybean acreage, a bigger reduction than analysts expected.

June 28, 2019