Rip Watson

Business, Government, Autonomous

Schneider Acquires Watkins & Shepard

Watkins & Shepard

Truckload carrier Schneider last week announced the acquisition of less-than-truckload specialist Watkins & Shepard Trucking and final-mile delivery carrier Lodeso Inc. to capitalize on trucking opportunities related to fast-growing e-commerce.

Rip Watson | Special to Transport Topics
June 6, 2016
Business, Government, Safety

Democrats Press McConnell to Fix Pensions

Senate Democrats are pressuring Majority Leader Sen. Mitch McConnell (R-Ky.) to take up pension legislation for truckers and miners before the summer recess that begins in six weeks.

Rip Watson | Special to Transport Topics
June 6, 2016
Business, Safety, Technology

Increases in Driver Pay Grind to Halt on Lower Freight Rates, Demand

Klemp, Hindes

Downward pressure on truckload rates and a weak freight market this year have almost eliminated driver pay increases that were widespread as recently as early 2015, according to an industry official who tracks compensation trends.

Rip Watson | Special to Transport Topics
June 6, 2016
Business

Trucking Executive Steve Gordon Retires

John Sommers II for Transport Topics

Trucking executive Steve Gordon, who was chief operating officer at Gordon Trucking, announced his retirement from the industry as of May 27.

Rip Watson | Special to Transport Topics
May 31, 2016
Business

April Tonnage Gains 2%

Truck tonnage rose 2% year-over-year in April, continuing an upward plod that has been suppressed by scant economic growth and the continued inventory bloat, American Trucking Associations reported last week.

Rip Watson | Special to Transport Topics
May 30, 2016
Business

Trucking Mergers Slow Down This Year, But Technology Could Spur More Deals

Dicom Transportation Group

After boiling over last year with multibillion-dollar deals involving UPS Inc., FedEx Corp., XPO Logistics and others, the 2016 merger and acquisition pot has slowed to a simmer while hungry buyers and sellers keep searching for appealing deals.

Rip Watson | Special to Transport Topics
May 30, 2016
Business

FedEx Begins Integrating TNT After Purchase

TNT Express

FedEx Corp. announced last week that it would begin integration of TNT Express assets immediately after completing the $4.9 billion deal, its largest-ever acquisition.

Rip Watson | Special to Transport Topics
May 30, 2016
Government

UPS Exec Urges Passage of Trade Pact, Says Protectionism Hurts Supply Chain

U.S. Chamber of Commerce

WASHINGTON — Protectionism has become a political issue that is a threat to an efficient global supply chain, world trade and the critical importance of making the Trans Pacific Partnership trade agreement a reality, a top UPS Inc. official said.

Rip Watson | Special to Transport Topics
May 23, 2016
Government, Business

Central States Won’t Create New Pension Rescue Plan, Appeals to Congress for Help

Drew Angerer/Bloomberg News

The Central States Pension Fund has decided not to submit a new rescue plan to avert future insolvency, leaving the question of funding future pensions for its Teamster members in the lap of Congress.

Rip Watson | Special to Transport Topics
May 20, 2016
Business

FedEx Sets May 25 for Completion of TNT Acquisition

TT File Photos

FedEx Corp. and TNT N.V., the Dutch package and freight operator, announced their $4.9 billion combination will be completed on May 25, a move that represents the largest acquisition ever for the U.S. company.

Rip Watson | Special to Transport Topics
May 19, 2016

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