XPO Logistics Chairman and CEO Brad Jacobs said recently that the company’s less-than-truckload network covers 99% of all North American ZIP codes. The trailers delivering to those locations come from its own trailer-making and refurbishing plant.
March 25, 2022BusinessEquipment
Two HDA Truck Pride Distributors to Merge
HDA Truck Pride announced March 25 that two of its New York distributors, A&A Brake Service Co. and All Systems Brake, are merging.
March 25, 2022BusinessTechnologyLogistics
IMC Welcomes Fields as Human Resources VP
IMC Cos. hired Sabrina Fields to fill the role of vice president of people strategies and human resources. Fields previously served in human resource leadership roles at International Flavors & Fragrances, Rich Products Corp. and J.R. Simplot.
March 25, 2022GovernmentBusinessFuel
US Considers New Oil Release From Strategic Reserve
The U.S. is considering another release of oil from its emergency reserves as prices continue to surge after Russia’s invasion of Ukraine, people familiar with the matter said March 25.
March 25, 2022BusinessLogistics
Chicago Commuter Rail System Opposes Proposed CP-KCS Merger
One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.
March 25, 2022BusinessTechnologySafety
Lytx Recognizes Winners in Driver, Coach Categories
Lytx announced the winners of its driver of the year and coach of the year awards last month.
March 25, 2022BusinessEquipmentSafety
Ideal Warehouse Innovations Offers Push-Button Trailer Support System
Ideal Warehouse Innovations announced it developed a hands-free trailer support system, the Ground Mounted Trailer Support.
March 25, 2022BusinessEquipmentLogisticsTop 100
XPO Sells Intermodal Unit to STG Logistics for $710 Million
XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million.
March 25, 2022BusinessEquipment
Daimler Truck Reports Initial Quarterly Earnings as Independent Company
Daimler Truck Group, reporting for the first time as an independent company, saw fourth-quarter net income plunge and revenue tick up compared with the same 2020 period.
March 25, 2022BusinessTechnologyEquipmentFuelTCA
Stellantis Announces Hurricane ICE Line
In a nod to the uncertain road ahead for electric vehicle adoption, Stellantis announced an all-new internal-combustion engine line March 25, even as the automaker targets 50% EV sales in the U.S. by 2030.
March 25, 2022