Union Pacific Corp. surged the most since 2009 after hiring a protege of railroading legend Hunter Harrison to guide the company’s shift to a new efficiency strategy.
January 8, 2019Search
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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.
Opinion: What Shippers Can Expect in 2019
The year 2018 was a record one for freight markets. So what does 2019 have in store? Bob Farrell of GlobalTranz has some thoughts.
January 8, 2019Trump Lauds Progress After Day Two of Beijing Trade Talks
President Donald Trump expressed optimism that U.S.-China trade talks in Beijing are progressing well, as Chinese authorities planned to give a statement after the latest round of negotiations.
January 8, 2019Trucking Industry Expected to See Slower Growth in 2019
After a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high, the trucking industry is expected to remain strong in 2019 but undergo a bit of a cool-down, economists say.
January 7, 2019Gryphon Investors Buys Majority Stake in Nolan Transportation Group
Private equity firm Gryphon Investors added to its logistics portfolio with the purchase of a majority stake in Atlanta-based freight broker Nolan Transportation Group for an undisclosed amount.
January 7, 2019JZ Expedited Promotes Chris Sloope to COO
The JZ Expedited Companies, a full-service asset-based 3PL, has announced the promotion of Chris Sloope from vice president of sales and international operations to COO.
January 7, 2019Sears Said to Weigh Liquidation as Lampert’s Bid Falls Short
Sears representatives summoned liquidation firms and other advisers to emergency meetings on Jan. 4 after rejecting Lampert’s $4.4 billion bid to buy and operate Sears stores.
January 7, 2019Elon 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.
January 7, 2019Namaste 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.
January 7, 2019PS 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.
January 4, 2019