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Penske Automotive Group Acquires Canadian Firm Team Truck Centres

Penske Automotive Group has acquired London, Ontario-based Team Truck Centres, a retailer of medium- and heavy-duty Freightliner and Western Star commercial trucks.

March 4, 2022

GAO Denies Protests to $17.9 Billion Military Moving Contract

A Houston-based company will retain a $17.9 billion contract to move military families after the Government Accountability Office rejected protests lodged last year by two companies seeking to block the agreement.

March 4, 2022

FedEx Suspends All Service in Russia, Belarus

FedEx Corp. has suspended all services in Russia and Belarus as fighting intensifies following the invasion of Ukraine.

March 4, 2022

Brokers Expect Rising Contract Rates for 2022

Freight brokerage firms are anticipating that contract rates will keep rising this year, with a slowdown not expected until year’s end.

March 3, 2022

February Class 8 Orders Mirror Weak Production Levels

Preliminary North American Class 8 orders in February came in at 21,000, or essentially even with January’s volume, but were less than half of what fleets ordered a year earlier, ACT Research reported, citing truck makers’ initial data.

March 3, 2022

Mobile Airport, Port Authority Awarded $100 Million Federal Grant

Two Mobile, Ala., transportation agencies are getting a combined $100 million in federal grant money to support various projects, including the construction of a new international airport terminal at the Brookley Aeroplex.

March 3, 2022

Biden Calls for Changes to Shipping Act to Improve Competition

President Joe Biden and some members of Congress are calling for ocean carriers to lose their limited antitrust immunity under legislation that has been introduced in the House of Representatives.

March 2, 2022

Amazon Closing All Bookstores, Shops to Focus on Grocery Sector

Amazon .com Inc. is closing all of its physical bookstores, “Amazon 4-Star” locations and mall pop-up kiosks as the world’s largest online retailer narrows its brick-and-mortar push to the grocery sector.

March 2, 2022

How Freight Volumes Get Suppressed Despite Strong Demand

Carriers have struggled to fully capitalize on high demand because of factors suppressing volumes, American Trucking Associations Chief Economist Bob Costello said March 1.

March 2, 2022

FlexCold Names Craig Turner New President

Longtime food distribution and grocery executive Craig Turner on March 1 was named president of FlexCold, a third-party food logistics and cold storage operator based in Charleston, S.C.

March 2, 2022