XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.
May 13, 2022Search
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Transport Topics Collects Three National Azbee Awards
Transport Topics has received three national awards from the American Society of Business Publication Editors, honoring TT’s “Wheels of Justice” series for the second year in a row.
May 13, 2022Qualifying for Nationals Requires Well-Rounded Performance, Chairman Says
There’s more to a state qualifier than showcasing one’s safety driving skills in a bid to advance to the National Truck Driving Championships.
May 13, 2022Trailer Orders Tumble to Year’s Low Point
Net U.S. trailer orders in April rose 36% compared with the 2021 period, but plunged compared with March to settle at the lowest point since October, ACT Research reported.
May 21, 2022Bill Gates Sells $940 Million of CN Rail Stock
Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.
May 13, 2022Diesel, Gas Refining Capacity Too Low to Meet Demand
From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both U.S. travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.
May 13, 2022Ryder Gets $4.4 Billion Takeover Offer From HG Vora
Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.
May 13, 2022States Await Details on Seven Elements Added to Freight Plans
Details are emerging about seven new elements mandated under the White House’s infrastructure act that states must include in their comprehensive freight plans.
May 13, 2022Mass. Bill to Repeal Rolling Stock Tax Would Aid Trucking Firms
A bill introduced in the Massachusetts Legislature aims to eliminate a tax on vehicles owned by motor carriers in the state.
May 13, 2022Hyundai Expected to Announce $7 Billion EV Plant in Georgia
ATLANTA — South Korean automaker Hyundai Motor Group is expected to announce next week that it is building an electric vehicle plant near Savannah, Ga., according to a U.S. official familiar with the anticipated announcement.
May 13, 2022