Private investment firm Fortistar and large family-owned Paloma Dairy announced they are constructing a dairy digester facility to capture methane and produce renewable natural gas to fuel the Class 8 market, as well as for a public utility.
September 9, 2020Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Omnitracs Acquires Onboard Video Firm SmartDrive
Trucking technology supplier Omnitracs has agreed to acquire SmartDrive Systems, one of the transportation industry’s largest providers of onboard cameras and video-based safety systems.
September 9, 2020National Diesel Average Slips by 0.6¢ to $2.435
The national average price of diesel fell by six-tenths of a cent to $2.435 a gallon, according to the Energy Information Administration. The weekly report was released Sept. 8, a day later than usual because of the Labor Day holiday.
September 8, 2020Great Dane, Aurora Parts & Accessories Form Strategic Partnership
Great Dane and Aurora Parts & Accessories announced a strategic partnership combining Great Dane’s service to the goods mobility industry with Aurora’s aftermarket operational expertise, distribution services and digital platforms.
September 8, 2020US Stocks Sink to 4-Week Low in Latest Tech Rout
The selloff in U.S. technology shares picked up speed as investors fled the high fliers who fueled the historic five-month rally from the pandemic lows. Oil plunged, while Treasuries rose with the dollar.
September 8, 2020The Lion Electric Co. Secures Order From CN for Electric Trucks
The Lion Electric Co. announced a memorandum of understanding for Class I freight railway CN to acquire 50 heavy-duty zero-emission trucks for intermodal use to reduce greenhouse gas emissions.
September 8, 2020ATRI Opens Annual Top Industry Issues Survey
The American Transportation Research Institute has opened its annual survey asking trucking industry representatives to identify major industrywide issues.
September 8, 2020Uber Freight Expands Enterprise Shipping Offerings
Uber Freight launched two new software solutions aimed at expanding its enterprise shipper offerings, the company announced Sept. 8.
September 8, 2020Boeing Finds New 787 Flaw, Slows Deliveries for Inspection
Boeing Co. has slowed deliveries of its 787 Dreamliner as crews check for a new manufacturing flaw involving gaps in the horizontal stabilizer, the small wing in the aircraft tail.
September 8, 2020McConnell Plans Vote on Relief Plan That Pelosi Calls ‘Fraudulent’
Congressional leaders hardened their battle lines on additional fiscal stimulus on Sept. 8, with House Speaker Nancy Pelosi labeling Republican Senate Majority Leader Mitch McConnell’s proposal for a slimmed-down package “fraudulent.â€
September 8, 2020