Diesel Price Climbs 2¢ to $2.534; First Increase Since Memorial Day
Labor Day marked the end of the 14-week price holiday of sorts for diesel, as the U.S. average retail price rose by 2 cents a gallon to $2.534, the first increase since Memorial Day.
September 14, 2015Analysts View XPO’s Latest Transaction as a Reversal of Fortune for Con-way
Investment analysts and observers greeted the news that XPO Logistics acquired Con-way Inc. for $3 billion as a likely positive step for both companies, but especially for beleaguered Con-way.
September 14, 2015Canadian Truckers Leery Of Copying US Plan on GHG
The head of the Canadian Trucking Alliance said he hopes the nation will develop a greenhouse-gas rule that reflects unique operations there and is not simply a clone of the U.S. proposal that is expected to be finalized next year.
September 14, 2015Ontario Court Upholds Speed-Limiter Mandate
The Ontario Court of Appeals has rejected a challenge to the Canadian province’s rule requiring speed limiters on trucks, while U.S. regulators said their speed-limiter proposal will be stalled beyond its projected Sept. 21 release.
September 14, 2015House T&I to Take Up Multiyear Highway Bill in a Few Weeks
The House Transportation and Infrastructure Committee is likely to mark up a multiyear highway bill at the end of September or early October, a committee aide told Transport Topics on Sept. 11.
September 11, 2015GE Capital Transportation Finance Business Sold to BMO Financial Group
GE Capital Corp. has agreed to sell its transportation finance business in the United States and Canada valued at $8.7 billion to BMO Financial Group and its Chicago-based subsidiary BMO Harris Bank. The price was not disclosed.
September 11, 2015Telogis, AT&T Announce Fleet-Connectivity Partnership
Trucking technology provider Telogis said it is collaborating with AT&T to provide expanded connectivity services for vehicles across the globe.
September 11, 2015Daimler Trucks Expects Brazil Crisis to Worsen Before Revival
Daimler AG said it expects demand for trucks and buses in Brazil to plunge as much as 50% this year as the crisis in South America’s largest economy worsens.
September 11, 2015Consumer Sentiment Declines to Lowest Level in a Year
Consumer sentiment declined in September to the lowest level in a year as Americans anticipated a weaker economy in the face of a global slowdown and turbulent financial markets.
September 11, 2015Con-Way's Menlo Logistics is 'Crown Jewel' of XPO's Acquisition
XPO Logistics said it has agreed to acquire Con-way Inc. for $3 billion to broaden its supply chain offerings into less-than-truckload and U.S. truckload freight and create a company with annual revenue of $15 billion.
September 11, 2015