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How a Prolonged Government Shutdown Might Ripple Down to States

Almost a third of the $2 trillion that U.S. states spend each year comes from Washington, so the partial shutdown of the federal government would seem to spell major financial trouble in America’s statehouses.

January 11, 2019

Iowa Eyes EV Tax to Offset Projected Decline in Road Funds

After a Dec. 31 report by the Iowa Department of Transportation that shows a $317,000 reduction in the Road Use Tax Fund in 2018, state officials have made recommendations to the Iowa Legislature such as increasing fees or charging taxes to electric vehicle owners.

January 10, 2019

Wise Systems Closes $7 Million Series A Round

Wise Systems, an autonomous dispatch and routing software provider for delivery fleets, has raised $7 million in its Series A round, according to a Dec. 6 press release.

January 10, 2019

Ford’s Global Cost Purge Hits Europe With Thousands of Job Cuts

Ford Motor Co. said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years.

January 10, 2019

Fiat Chrysler Said to Settle Civil Suit on Diesel-Emissions Violations

Fiat Chrysler Automobiles NV will pay hundreds of millions of dollars to settle a lawsuit brought by the U.S. Justice Department, which alleged some of its diesel-powered vehicles violated clean-air rules, a person familiar with the matter said.

January 10, 2019

Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business

Shareholders of Roadrunner Transportation Systems, who have seen the value of their holdings plummet following a finance scandal that led to the dismissal of several top executives more than a year ago, are being given a chance to buy more stock — 900 million shares to be exact — at 50 cents a share as part of an effort by new management to recapitalize the business.

January 9, 2019

J.B. Hunt Moves Aggressively Into Final-Mile Sector With Purchase

In an effort to strengthen its position in the growing final-mile trucking sector, J.B. Hunt on Jan. 8 announced it is purchasing Cory 1st Choice °®¶¹´«Ã½ Delivery for $100 million.

January 9, 2019

Teamsters Exchange Contract Proposals with YRC, Holland and New Penn

After working for eight years under a series of contract extensions, less-than-truckload carrier YRC Freight and its two regional operations have opened contract negotiations with the International Brotherhood of Teamsters.

January 9, 2019

TransForce Acquires Drive360 Logistics

TransForce Inc., a Virginia-based recruiting and employment solutions provider specializing in quality commercial truck drivers, has acquired Drive360 Logistics.

January 9, 2019

Crowley Launches Second LNG Cargo Vessel

Taino’s arrival gives Jacksonville a fourth cargo ship powered by natural gas for Puerto Rico shipments, putting the port at the vanguard in using a fuel source that only recently became tried and tested in cargo ships. Jacksonville-based Crowley Maritime owns two of the ships.

January 9, 2019