Business, Logistics

Canada Oil Recovery Faces Threat From Potential Rail Strike

Jerry Huddleston/Flickr

A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta’s beaten-down heavy oil prices.

Robert Tuttle and Frederic Tomesco | Bloomberg News
April 18, 2018
Government, Business, Logistics

China’s $1 Billion Port With Almost No Container Traffic

The Grand Aurora vehicle carrier sits moored at Hambantota Port, operated by China Merchants Group, in Hambantota, Sri Lanka, March 28, 2018. (Atul Loke/Bloomberg)

Each year, about 60,000 ships vital to the global economy sail through the Indian Ocean past a Chinese-operated port on the southern tip of Sri Lanka. Few stop to unload cargo.

Lain Marlow | Bloomberg News
April 18, 2018
Business, Technology, Logistics

Blockchain on Verge of Revolutionizing Shipping Industry

Akos Stiller/Bloomberg News

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.

Kyunghee Park | Bloomberg News
April 18, 2018
Business, Top 100

Daseke Buys Canadian Energy Services Firm Aveda

Moore Freight Services Moore Freight Service also is a recent Daseke acquisition. (Daseke via Facebook)

Daseke Inc. on April 16 continued its acquisition activity, announcing it will purchase Aveda Transportation and Energy Services, a large North American oil rig moving company based in Calgary, Alberta. The deal is expected to close in June.

Burney Simpson | Staff Reporter
April 18, 2018
Business, Logistics

Nussbaum Transportation Begins Employee Stock Ownership Plan

Nussbaum Transportation TT file photo

Brent Nussbaum, CEO of Nussbaum Transportation, gave 35% of ownership to employees through an employee stock ownership plan, known as an ESOP.

Dan Ronan | Associate News Editor
April 18, 2018
Business, Technology, Logistics

Oil Rises to Highest Since 2014 on Bullish US Inventory Report

Daniel Acker/Bloomberg News

Crude rose to its highest level since 2014 in New York as the drop in U.S. inventories reported by an industry group helped to sustain a rally spurred by geopolitical risks.

Alex Longley | Bloomberg News
April 18, 2018

UPS Picks George Willis to Oversee US Package Operations

UPS truck Mike Nagle

UPS Inc. has tapped George Willis as president of U.S. operations, succeeding Myron Gray, who will retire May 1 after a 40-year career at the Atlanta-based parcel carrier.

Daniel P. Bearth | Staff Writer
April 18, 2018
Government, Business

Soon-to-Be New York Fed Chief John Williams Sees Little Risk in Rate Hikes

Andrew Harrer/Bloomberg News

John Williams, who will take the helm of the Federal Reserve Bank of New York in June, played down risks the yield curve would become inverted as the U.S. central bank gradually raises interest rates.

Maria Tadeo and Jeanna Smialek | Bloomberg News
April 18, 2018
Government, Business, Technology, Equipment, TCA

New Hampshire Self-Driving Vehicle Legislation Faces Speed Bumps

Getty Images

A bill that would allow companies to road-test self-driving vehicles in New Hampshire may be facing some speed bumps.

Shawne K. Wickham | The New Hampshire Union Leader
April 18, 2018
Business, Logistics, Top 50

Peoples Services Acquires Grimes Cos. to Expand in Southeast

Peoples Services Peoples Services Inc.

Peoples Services Inc., a logistics firm based in Canton, Ohio, acquired the assets of The Grimes Cos. in Jacksonville, Fla., a move that substantially expands the company’s warehousing and distribution services in the southeastern United States.

Transport Topics
April 18, 2018