SteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation business that could fetch more than $600 million, according to people with knowledge of the matter.
February 12, 2019Search
Showing 10 of 9154 results
= Premium Content
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Analyst Says Fuel Supply Inadequate for Ocean Shippers to Comply With New Rule
Not enough low-sulfur fuel oil is available to replace the fuels used by marine shippers ahead of a fast-approaching regulation, according to analysis by Wood Mackenzie.
February 11, 2019Robot Package Delivery Trucks Developed in Detroit Ready for China, US
Looking like a delegation of toasters from space, a generation of electrically powered, self-driving mail trucks will roll out of a suburban Detroit industrial park later this year. Their mission: Revolutionize mail and package delivery.
February 11, 2019Tech Startup ePallet Raises $3 Million to Fund 2019 Growth
ePallet Inc., a California-based firm that provides technology to enable food shippers and consumers to buy and sell products in pallet-size quantities direct from manufacturers and food processing firms, has said it has raised $3 million in funding.
February 11, 2019U.S. Xpress Enterprises' Efficiency Moves Pay Off
Efforts by dry van truckload carrier U.S. Xpress Enterprises to boost profits by improving the efficiency of its trucking operations are paying off.
February 8, 2019Amazon Reconsidering NYC Headquarters After Opposition
Amazon.com Inc. is reconsidering its plan to build a corporate campus in New York after facing a wave of opposition, according to a news report that cited unnamed people familiar with the matter.
February 8, 2019Tesla to Cut 1,000 Jobs Starting March 20
Tesla’s Fremont factory will be the hardest hit in California by the global job cuts the electric vehicle maker announced last month.
February 8, 2019Ford Investing $1 Billion in High-Profit SUV Plants
Ford Motor Co. is investing $1 billion in two Chicago factories and hiring 500 workers to expand its ability to crank out high-profit sport utility vehicles, including its new Explorer.
February 8, 2019Venture Formed to Provide Bulk Liquids Storage, Logistics
Hartree Partners, a New York-based commodities trading firm, is forming a business to provide storage, terminaling and logistics services for producers of crude oil, refined petroleum products and other bulk liquids.
February 8, 2019Hub Group Revenue Tops $1 Billion in Fourth Quarter
Intermodal and logistics service provider Hub Group reported revenue topping $1 billion and higher profits in the fourth quarter of 2018.
February 7, 2019