Toronto-based carrier Vitran Corp. announced it has obtained a $17 million real estate term credit facility on some of its U.S. less-than-truckload transportation facilities.
January 3, 2013Search
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Initial Jobless Claims Rise for Week
Initial jobless claims increased by 10,000 last week, the Labor Department said Thursday.
January 3, 2013Tax Bill Includes Bonus Depreciation
The tax bill signed by President Obama and passed by Congress to keep the nation from going over afiscal cliff allows fleets to deduct 50% of the cost of new trucks and other equipment in 2013.
January 3, 2013Intermodal Traffic Up 3.2% for Year
U.S. rail intermodal traffic rose 3.2% to 12.3 million containers and trailers in 2012 from the year before, the second highest total on record, the Association of American Railroads said.
January 4, 2013Rush Enterprises Acquires MVI Group
Rush Enterprises said it has acquired assets of MVI Group, which operates commercial truck and bus dealerships in Ohio, for $107 million.
January 3, 2013Congress Kicks off Session
The 113th session of the U.S. Congress started at noon Thursday, with party dynamics staying unchanged from the last session, and some new leadership in transportation-related committees.
January 3, 2013Huerta Confirmed as FAA Head
The U.S. Senate confirmed Michael Huerta as administrator of the Federal Aviation Administration, the Senate Commerce Committee said.
January 3, 2013UPS Announces New International Express Air Freight Service
UPS Inc. announced Wednesday a new international express airfreight service for heavy shipments.
January 2, 2013USA Truck Appoints Thomas Glaser as Interim COO
Truckload carrier USA Truck Inc. has named Thomas Glaser as interim chief operating officer for an initial term of three months, effective Jan. 1, according to a filing with the Securities and Exchange Commission.
January 2, 2013Riverside Co. Acquires Midnite Air Corp.
The Riverside Co., a global investment firm with 20 offices in 14 countries, said it acquired Midnite Air Corp., Los Angeles, and will help the company expand its courier operations.
January 2, 2013