South Korea’s CJ Logistics will take majority control of Des Plaines, Ill.-based DSC Logistics in a deal expected to close in the third quarter.
June 11, 2018Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Good Salary, Sense of Adventure Drawing New Drivers to Trucking
Tom Clark says desk jobs he has worked in the past have involved 50- and 60-hour workweeks, not including daily preparation and commutes. So to him, a job that takes him away from home for large chunks of time isn’t an issue.
June 11, 2018Trucking Industry Adjusts to ELD Mandate as Focus on HOS Compliance Sharpens
The U.S. trucking industry is continuing to adjust to the federal electronic logging device mandate that took effect late last year.
June 13, 2018Institutional Funds Invest in GCT Global Container Terminals
IFM Investors and British Columbia Investment Management Corp. became equity investors in GCT Global Container Terminals Inc., an operator of four North American container terminals. IFM acquired a 37.5% holding, and BCI acquired a 25% stake. The value of the investments was not released. The purchases are subject to regulatory approvals.
June 8, 2018Driver Turnover Puts Pressure on Large Carriers
The rise in freight being carried nationwide led to a rise in truck driver turnover in the first quarter as large trucking firms demanded more qualified drivers to transport goods.
June 8, 2018KLLM Announces Another Pay Increase for Drivers
KLLM Transport Services will institute another pay hike for company drivers, bringing the increase to 30% in just the past eight months, the Jackson, Miss.-based over-the road carrier announced.
June 8, 2018As Economy Heats Up, Truck Driver Shortage Burns More Companies
A strengthening economy has its downsides. Just ask United Natural Foods Inc.
June 8, 2018Texas Planning Group Outlines Regional Freight Corridor
In Texas, Sherman-Denison Metropolitan Planning Organization officials expect to present the draft version of a regional freight corridor plan later this summer.
June 7, 2018Union Pacific, Switchman With Arthritic Knees Settle Discrimination Suit
Union Pacific and a former switchman at the railroad’s Grand Junction, Colo., rail yard have settled for an undisclosed amount his allegations that he was discriminated against because he has arthritic knees, the parties told Bloomberg on June 6.
June 6, 2018US, China Barter on Trade Gap as Tariff Deadline Nears
The United States and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the United States finalizing a deal to allow China’s ZTE Corp. to resume purchases from American suppliers.
June 6, 2018