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Management Team of PTL Buys Company From Magnate Worldwide

Premium Transportation Logistics announced its senior management team — current President Jeff Curry, Operations Manager Keith Avery and expedited transportation sales veteran, Brad Kelley — has acquired PTL from Magnate Worldwide.

July 1, 2019

Performance Food to Buy Rival Supplier Reinhart for $2 Billion

Performance Food Group Co. agreed to buy Reinhart Foodservice for $2 billion in a combination of U.S. food suppliers.

July 1, 2019

FRA Awards Grant to Georgia Central Railway

Dublin, Ga., has earned $8 million in grants for improvements to its rail infrastructure. A $4 million grant from the Federal Railroad Association was given to the city through its Consolidated Rail Infrastructure and Safety Improvements Program, which was matched by the Georgia Central Railway.

July 1, 2019

Musk Seeking Tesla Deliveries Record Could Be a Double-Edged Sword

Analysts’ fear is that even if Tesla does show marked improvement in deliveries this quarter, Musk will achieve this at the expense of profitability. And with a shrinking U.S. tax credit posing a threat to demand in the second half of the year, Tesla’s efforts to hand over more Model 3s overseas could further compromise earnings because of relatively higher shipping expenses.

July 1, 2019

Brookfield Buys Rail Operator Genesee for $8.4 Billion

An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.

July 1, 2019

Midwest Deluge Spurs Cut in US Estimate for Soybean Acreage

The spring deluge in the Midwest and Great Plains spurred a cut in the U.S. forecast for soybean acreage, a bigger reduction than analysts expected.

June 28, 2019

Debunking “Smart Trailerâ€

“Smart Trailer†is hot talk, but what does it mean?  Depending on who you ask, it’s anything from accessory light packages to machine learning.  Join to see which trailer technologies are really moving the needle today, and how the future is less about buzzwords and more about true trailer intelligence.  

June 28, 2019

Ford to Cut 20% of European Workforce in Sweeping Overhaul

Ford Motor Co. will eliminate about 20% of its workforce across Europe in a sweeping overhaul to tackle the carmaker’s falling sales in the region and lift weak profitability.

June 27, 2019

Convoy Creates Method for Drivers to Book Multiple Loads at Once

Digital freight broker Convoy announced Automated Reloads, an app-based program that allows drivers to book multiple loads of freight at one time.

June 27, 2019

Tesla Must Go ‘All Out’ to Set Deliveries Record, CEO Elon Musk Says

Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric carmaker will need to go “all out†in the last few days of the month, CEO Elon Musk wrote in an internal memo.

June 26, 2019