XPO shareholders overwhelmingly approved a plan Dec. 20 to increase the maximum number of shares the company can issue to executives as compensation, to 2.5 million shares from 500,000, easily overcoming opposition from the International Brotherhood of Teamsters.
January 3, 2017GovernmentBusinessSafetyLogisticsFuel
Martin Klepper Named First Chief of Build America Bureau
With less than three weeks left in the Obama administration, Martin Klepper was named the first executive director of the U.S. Department of Transportation’s Build America Bureau on Dec. 30.
January 3, 2017Letters to the EditorBusinessFuelGovernmentLogisticsTechnologyAutonomous
Letters: Skepticism Over Hydrogen Claims, Shipper Tactics
The Nikola One isn’t actually a zero-emissions vehicle when you see the entire process.
January 2, 2017BusinessLogisticsEquipment
November Trailer Orders Down 8%; Still Strongest Month of 2016
U.S. trailer orders in November were more than 36,000 and, while the strongest month of the year, they fell just short of the year-earlier volume, analysts said.
January 2, 2017GovernmentBusinessSafetyFuelAutonomousEquipmentLogistics
EPA Plans to Propose Regulation to Tighten NOx Limit in 2024
The Environmental Protection Agency is beginning work on a proposed rule that would set new standards to further reduce nitrogen oxide emissions from heavy-duty truck engines beginning in 2024, the same year a provision kicks in for the agency’s heavy-duty Phase 2 greenhouse-gas program.
January 2, 2017GovernmentBusinessSafetyAutonomousLogistics
2017 Year in Preview: ‘Expect the Unexpected’ for Trucking, Nation
Uncertainty dominates the outlook for trucking and freight transportation in 2017.
January 2, 2017BusinessLogisticsTechnologyEquipmentSafetyGovernmentFuel
Schneider Files to Go Public; Family, Execs to Keep Control
Truckload and intermodal carrier Schneider National Inc., No. 7 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, filed financial documents with the Securities and Exchange Commission on Dec. 22 as a prelude to the company going public, possibly later this year.
January 2, 2017BusinessGovernmentLogistics
American Consumer Comfort Closes In on Best Year Since 2007
Household confidence in the United States is closing in on its best year since before the latest recession, according to figures in the Bloomberg Consumer Comfort Index released Dec. 29.
December 29, 2016BusinessLogistics
‘K’ Line Files Lawsuit Against APL Logistics for Spreading Rumors
Kawasaki Kisen Kaisha, Ltd., or “K†Line, filed a lawsuit against APL Logistics Ltd. in a Tokyo civil court for comments the logistics firm made after the Hanjin Shipping Co. demise on Aug. 31.
December 28, 2016BusinessLogistics
Union Pacific Agrees to Inspection, Maintenance Improvements
Federal railroad authorities reached an agreement with Union Pacific Railroad requiring improvements to the railroad’s inspection and safety procedures.
December 28, 2016