More carriers predict salary bumps for drivers: TCP preview image More carriers predict salary bumps for drivers: TCP January 7, 2015 WINDSOR, CO - More than a third of carriers said they expect wage increases to be in the range of 6-10% - double what was reported six months ago.
N.A. Class 8 orders hits 43,620 in December preview image N.A. Class 8 orders hits 43,620 in December January 7, 2015 BLOOMINGTON, IN - FTR reports North American orders of 43,620 units in December - third straight month of high sales.
Kerry Logistics expands its footprint in Canada preview image Kerry Logistics expands its footprint in Canada January 6, 2015 HONG KONG - Asia-based logistics company adds ocean and air divisions of Total Logistics Partner to its holdings.
Customs broker purchases U.S.-based CK Logistics preview image Customs broker purchases U.S.-based CK Logistics January 6, 2015 WINDSOR, ON - Farrow Co. to rebrand San Antonio-based CK Logistics as Farrow U.S. within 12 to 18 months.
Volvo completes purchase of large share of Dongfeng subsidiary preview image Volvo completes purchase of large share of Dongfeng subsidiary January 6, 2015 GOTHENBURG, SWEDEN - The purchase price for 45% of Dongfeng Commercial Vehicles Co. amounted to 5.5 billion yuan - equivalent to about US $885 million.
Quala purchases Iowa tank wash company preview image Quala purchases Iowa tank wash company January 6, 2015 TAMPA, FL - Quala expands into new market and expands its food-grade service footprint with acquisition of Cronbaugh Tank Wash in Cedar Rapids, IA.
Hendrickson concludes purchase of Frauenthal operations preview image Hendrickson concludes purchase of Frauenthal operations January 6, 2015 ITASCA, IL – Suspension maker Hendrickson International has completed its purchase of the heavy duty leaf spring and stabilizer segments of the Frauenthal Group…
ABF Logistics acquires Smart Lines Transportation Group preview image ABF Logistics acquires Smart Lines Transportation Group January 6, 2015 FORT SMITH, AR - ABF Logistics pays $5.17 million in cash for carrier serving the food, energy and industrial segments.
Kenworth delivers historic one millionth truck preview image Kenworth delivers historic one millionth truck January 6, 2015 CHILLICOTHE, OH - T680 Advantage was the one millionth truck to come off the Kenworth line - delivered, just in time for Christmas, to TransAm Trucking.
U.S. spot freight rates fall from previous week preview image U.S. spot freight rates fall from previous week December 29, 2014 Biggest drop was 0.9% in the flatbed sector Dec. 14 through Dec. 20 compared to the previous seven days, for an average of $2.30 per mile. This is its lowest level out of the last four weeks.
Oil prices will ‘snap back’ by mid-2015, analyst predicts preview image Oil prices will ‘snap back’ by mid-2015, analyst predicts December 24, 2014 TORONTO, ON – Scotiabank VP and commodity analyst Patricia Mohr expects a dramatic rebound in oil prices next year. In a recent Scotiabank Commodity Price Index report, she predicted, “Oil…
Port drivers ready to strike, union warns preview image Port drivers ready to strike, union warns December 23, 2014 VANCOUVER, B.C. - Packed meeting on Sunday reveals drivers 'disappointment' in a pay system that costs them about $250 a week.
FTR confirms strong month for trailer orders preview image FTR confirms strong month for trailer orders December 22, 2014 BLOOMINGTON, IN - November proves to be the second highest month ever, with orders over the last 12 months now totaling 342,000.
Scotiabank gives Mullen Group new share-price target preview image Scotiabank gives Mullen Group new share-price target December 22, 2014 TORONTO, ON - Investment analysts cut target price on shares from $27.00 to $23.25 in a note issued to investors.
November orders of tractors and trailers way up preview image November orders of tractors and trailers way up December 22, 2014 COLUMBUS, IN - 40,925 Class 8 vehicles ordered in November; year-to-date orders of 336,000 units are up 42.4% from this time last year.
