Roadrunner Transportation Systems Inc. announced the sale of its flatbed business unit for $30 million in cash, subject to customary purchase price and working capital adjustments.
December 9, 2019Search
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FleetSharp, Asset IQ Partner to Track Equipment
FleetSharp GPS Tracking, a provider of GPS fleet management tools and asset trackers, has partnered with Asset IQ Financial Services to provide a new way for financial institutions to save time and money when keeping track of assets.
December 9, 2019SunTrust Extends $16 Million Loan to Tribe Transportation
SunTrust Banks Inc. will serve as the sole lender of a $16 million deal to support the growth of Tribe Transportation, a Native American, female-owned transportation enterprise in Gainesville, Ga.
November 25, 2019Yamato Transport Rolls Out Electric Vehicles for Parcel Delivery Near Tokyo
Yamato Transport Co. unveiled on Nov. 19 what it says is a greener, compact, driver-friendly electric truck that may offer hope for coping with the acute labor shortage in Japan’s door-to-door parcel delivery industry.
November 19, 2019Schneider Donates 10 Tractors to CDL Schools
Schneider is donating 10 gently used, late-model trucks to select CDL driver training programs at community or technical colleges throughout the U.S., the company said in a news release Nov. 15.
November 15, 2019Titanium Reports Softer Q3 Earnings
Titanium Transportation Group was profitable in the third quarter of 2019, but earnings were below 2018’s strong numbers.
November 6, 2019Canadian Carrier Mullen Sees Q3 Earnings Decline as Oil Shipments Fall
Canadian carrier Mullen Group Ltd. posted a 6.4% decline in net income in the third quarter, to C$20.5 million or 20 cents per share, according to a company news release Oct. 24.
October 30, 2019Crane Simulator Trains Baltimore Longshoremen Without Disrupting Dock Operations
The Steamship Trade Association of Baltimore bought a $500,000 simulator this year to train crane operators at the Port of Baltimore without affecting the day-to-day loading and unloading of cargo.
October 28, 2019United Road Acquires Truck Hauler Team Drive-Away
Auto hauler United Road acquired Team Drive-Away, a company that specializes in moving new and used Class 8 trucks, United Road said.
October 28, 2019Layoffs Hit Stevens Tanker, Amazon Contractors
Closures and layoffs continue to vex the trucking industry in 2019, but three recent downsizings were attributed by the companies involved more to the vicissitudes of the energy, retail and final-mile industries than to a slowdown in the overall freight market.
October 22, 2019