The company said it plans to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. A stalking horse bidder will be sought.
February 19, 2025Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Watch: I-95 in Fort Lee, N.J., Still Worst Truck Bottleneck
American Transportation Research Institute's latest analysis highlights significant congestion at key intersections nationwide, with Fort Lee, N.J., topping the list again.Ìý
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February 18, 2025Trump Signals 25% Tariffs on Auto, Tech, Drug Imports
President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.
February 18, 2025Diesel Price Bumps Up 1.2¢ to $3.677 a Gallon
The national average diesel price crept up 1.2 cents to $3.677 a gallon, according to U.S. Energy Information Administration data Feb. 18.
February 18, 2025BP Weighs $10 Billion Sale of Castrol Lubricants Unit
A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.
February 18, 2025EPA Takes First Step to Block CARB Clean Trucks Rule
The EPA has taken a first step aimed at rescinding the Biden administration’s waivers granted for California’s Advanced Clean Trucks and Omnibus low nitrogen oxides rules.
February 18, 2025Ford Slashes Middle Manager Stock Awards to Trim Costs
Ford Motor Co. is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker confronts declining profit and high costs.
February 18, 2025Double Brokering Scams Continue to Target Trucking
Brokers make a distinction between co-brokering, done legitimately as a necessity in a fast-paced business environment, and double-brokering, often done by fraudsters.
February 21, 2025Herc Rentals Outbids United in $3.9B Merger with H&E
Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.
February 18, 2025Trucking Fights Back Against Fuel Card Skimming
Fuel card skimming has become an increasing threat to the financial security of truck fleets, but industry leaders have been making progress addressing the issue over the past year.
February 21, 2025