Business, Equipment, Logistics, TCA

Will Wabtec Acquire GE Transportation?

General Electric

Just two weeks ago, the wisdom on Wall Street was that General Electric wouldn’t find an outright buyer for GE Transportation, a business that had been based in Erie for 100 years until a 2012 move to Chicago.

Jim Martin | Erie (Pa.) Times-News
April 25, 2018
Business, Logistics

Port Group Urges Caution on Possible US-China Trade War

Port of L.A. containers Patrick T. Fallon/Bloomberg News

The American Association of Port Authorities has written to U.S. Trade Representative Robert Lighthizer urging the Trump administration to carefully consider the negative impact trade sanctions could have on the country’s ports and the trucking and transportation industries.

Dan Ronan | Associate News Editor
April 25, 2018
Business, Technology, Equipment, Logistics

China’s Uber for Trucks Is Said to Raise $1.9 Billion in Funding

Getty Images

Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said.

Lulu Yilun Chen | Bloomberg News
April 25, 2018
Business, Logistics

CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp

Denis Giles/Flickr

Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.

Kristine Owram and Frederic Tomesco | Bloomberg News
April 24, 2018
Business, Logistics, Top 50

XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts

Bradley Jacobs Jacobs (left) by XPO Logistics

XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.

Transport Topics
April 24, 2018
Business, Logistics, TCA

Litigation Dogs Lakeville Motor Express 15 Months After Minnesota Trucking Firm Shut Down

LME Inc.

Pressures are mounting for the owners of the defunct trucking firm Lakeville Motor Express and its affiliates.

Dee DePass | Star Tribune (Minneapolis)
April 24, 2018
Government, Business, Logistics, TCA

Trump Pushing Hard to Reach NAFTA Agreement

Olivier Douliery/Abaca Press/TNS

With critical political deadlines fast approaching, the Trump administration is racing to strike a deal on a revamped North American Free Trade Agreement by early May — with an eye toward forcing a congressional vote on a new pact by the end of the year.

Don Lee | Los Angeles Times
April 24, 2018
Government, Business, Logistics

Trump Says Mnuchin Going to China to Negotiate Trade in Days

Olivier Douliery/Abaca Press/TNS

Treasury Secretary Steven Mnuchin will depart for China to negotiate over U.S. trade disputes within days, President Donald Trump said.

Justin Sink and Saleha Mohsin | Bloomberg News
April 24, 2018
Business, Technology, Logistics

Amazon Starts Delivering Goods to Trunks of GMs, Volvos

A box moves along a conveyor belt at the Amazon.com fulfillment center in Kenosha, Wisc. (Jim Young/Bloomberg News)

Amazon.com has partnered with General Motors Co. and Volvo Cars to deliver packages to car trunks in 37 U.S. cities, as the e-commerce giant seeks new delivery methods for customers who may be wary of leaving packages outside or allowing couriers into their homes.

Niclas Rolander and David Welch | Bloomberg News
April 24, 2018
Business, Logistics, TCA, Top 100

Change-of-Address Scam Moved UPS Corporate Headquarters to Tiny Chicago Apartment, Feds Say

Mike Blake/Reuters

The timeworn apartment building in Chicago’s Rogers Park neighborhood hardly looks like the corporate headquarters of one of the world’s largest shipping companies. But for a few recent months, that’s essentially what it became — at least as far as the U.S. Postal Service was concerned.

April 23, 2018