DOT Awards NYC $20 Million for Connected-Vehicle Programs
Transportation Secretary Anthony Foxx on Sept. 14 announced that New York City would receive up to $20 million to advance connected-vehicle and related infrastructure concepts.
September 14, 2015Indian River Transport and FlowBelow Aero Begin Equipment Deal
Austin, Texas-based FlowBelow Aero Inc., a manufacturer of tractor-mounted aerodynamic products, announced it has partnered with tank truck carrier Indian River Transport to equip its tractors with the company’s new fuel saving AeroKit system.
September 14, 2015Rail Trade Group Changes Name, Strategy
The Consumers United for Rail Equity trade group, which has been lobbying for changes in rail pricing and service for more than three decades, has been renamed the Freight Rail Customer Alliance in an effort to broaden its membership and focus.
September 14, 2015Inventories Limit Freight Shipping, Expenditures
North American shipping activity declined 4.6% year-over-year in August, according to the Cass Freight Index, a measure of shipping activity in trucking and other modes of transportation, but it was not unexpected as manufacturing numbers also fell off.
September 14, 2015Schneider Adds US-Canada Intermodal Service
Schneider added intermodal service between the Southeast and Montreal over a more direct route.
September 14, 2015IMC Companies Acquires Global Shippers Association
IMC Global Solutions, a member of the IMC Companies family of brands, has acquired Global Shippers Association, a leader in the import of home furnishings.
September 14, 2015Navistar Defense Wins $369 Million US Army Contract
Navistar Defense, a unit of truck maker Navistar International Corp., said it won a $369-million contract from the U.S. Army Contracting Command to build 2,293 medium tactical vehicles for the Afghanistan National Security Force.
September 14, 2015Trailer Maker Manac Inc. Going Private, Led by Founder
Publicly traded trailer maker Manac Inc. of Saint-Georges, Quebec, said a group of investors will take the company private, led by Marcel Dutil, the company’s founder.
September 14, 2015OPEC Trims 2016 Estimates for Rival Supplies as US Oil Suffers
OPEC trimmed estimates for supplies from outside the group in 2016 as the slump in prices takes its toll on the U.S. shale-oil industry.
September 14, 2015XPO to Purchase Con-way
XPO Logistics Inc. last week agreed to buy Con-way Inc. for $3 billion — the highest price ever paid for a U.S. trucking company — to broaden its service offerings and leap into the less-than-truckload market.
September 14, 2015