Senate Sends Fast-Track Free Trade Bill to Obama
The Senate sent President Obama legislation granting fast-track trade-negotiation authority, a hard-fought victory intended to aid completion of an agreement with Pacific nations that is a top second-term priority.
June 24, 2015Armbro Transport, Canadian Carrier, Closes
Canadian carrier Armbro Transport Inc. has closed its doors after 56 years in operation.
June 24, 2015Intermodal Rail Traffic Rises as Carloads Continue Decline
U.S. rail intermodal traffic rose for the week ended June 13 as carloads declined for the 11th consecutive week, the Association of American Railroads reported.
June 24, 2015EPW Panel Advances 6-Year Highway Bill to Full Senate
WASHINGTON — A Senate panel on June 24 easily approved a six-year highway policy bill, advancing the measure to the full Senate. Lawmakers would need to act quickly on the bill as federal funding authority for transportation programs expires at the end of July.
June 24, 2015VW’s MAN Truck-Making Unit Plans to Cut 1,800 Jobs to Lower Costs
MAN SE, the German truck maker owned by Volkswagen AG, plans to reduce the workforce of its European commercial-vehicle operations by about 5% to cut costs and revive profit.
June 24, 2015Sysco’s $3.5 Billion Bid for US Foods Blocked by Federal Judge
Sysco Corp.’s planned $3.5 billion takeover of US Foods Inc. was blocked by a federal judge, who said a merger of the food distribution giants would probably reduce competition and raise prices for hotels and restaurants.
June 24, 2015FTR’s Shippers Conditions Index Improves in April
FTR’s Shippers Conditions Index rose in April after a sharp decline the prior month, according to the firm.
June 24, 2015Con-way Names Bartos as Interim Truckload President
Con-way Inc. announced the appointment of Hank Bartos as interim president of its Truckload unit, seven days after shifting former President Joe Dagnese to the top post at Con-way Freight.
June 23, 2015Knight Sells Some of Its USA Truck Shares
Knight Transportation Inc. sold 119,419 shares of USA Truck Inc. stock in recent weeks, lowering its stake in the smaller truckload carrier to 6.8% and capitalizing on a sharp rise in the share price.
June 23, 2015Senate Panel Advances Fiscal ’16 Transportation Bill With ELD, Speed Limiter Requirements
WASHINGTON — A Senate subcommittee easily advanced on June 23 a fiscal 2016 funding bill that would require the Department of Transportation to complete its final rule on electronic logging devices and its proposed rule on speed limiters.
June 23, 2015