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Kenan Advantage Group on Aug. 20 announced that it acquired specialty transportation provider TransVac.

WASHINGTON — Federal Reserve Chair Jerome Powell signaled that interest rate cuts are coming in a much-anticipated speech Aug. 23 in Jackson Hole, Wyo.

CRST has appointed Mike Gannon as its newest president and CEO, the company announced Aug. 23.

INDIANAPOLIS — Robert Foskey will become chairman for next year’s National Truck Driving Championships. He plans to continue promoting the spirit of collaboration and camaraderie.

Halliburton, the world’s biggest provider of fracking services, said it is alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems.

A union filed strike notice against Canada’s largest railway on Aug. 23 just hours after trains began rolling again, likely derailing plans to revive vital shipping networks.

The Texas Transportation Commission is proceeding with a $1.73 billion buyout to take over state Highway 288 tolling operations to lower fares.

Trucking companies can anticipate new opportunities as Wells Enterprises invests $425 million to expand its New York plant. Wells, headquartered in Le Mars, Iowa, produces more than 200 million gallons of ice cream annually and distributes products in all 50 states.  

Deutsche Bahn is currently evaluating the final offers and needs to discuss with the government on CVC’s proposal.

Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.