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Government, Business

US Manufacturers Plan First Pullback in Investment Since 2009

GE Manufacturing Solutions facility in Fort Worth, Texas General Electric Evolution Series Tier 4 diesel locomotives stand on the final assembly line at the GE Manufacturing Solutions facility in Fort Worth, Texas, on Oct. 25, 2016. (Luke Sharrett/Bloomberg News)

U.S. manufacturers expect to reduce capital spending in 2020, a trend that could limit a rebound in the sector even as companies see profits improving.

Reade Pickert | Bloomberg News
December 9, 2019
Business, Equipment

Hendrickson Truck Lines Files for Chapter 11 Bankruptcy

Hendrickson Truck Lines Inc., a small truckload and less-than-truckload carrier based in Sacramento, Calif., declared Chapter 11 bankruptcy Dec. 3, according to federal court documents, blaming a cut in rates and maintenance woes as reasons.

Jim Stinson | Staff Reporter
December 9, 2019
Government, Business

Pelosi, White House Have Tentative Deal on USMCA

Nancy Pelosi Nancy Pelosi by J. Scott Applewhite/Associated Press

The Trump administration and House Democrats are on the verge of announcing a handshake deal on the U.S.-Mexico-Canada free trade agreement, according to people familiar with the negotiations, paving the way for approval of the deal as early as this month while Democrats gear up for an impeachment vote.

December 9, 2019
Government, Business, Safety, Logistics

Port Manatee Earns New Security Training Certification

Port Manatee Port Manatee is the closest U.S. deepwater seaport to the expanded Panama Canal. (Manatee County Port Authority)

Florida’s Port Manatee announced its facility security officer training program — the only such approved course offered by a U.S. seaport — has earned new certification from the U.S. Coast Guard.

December 9, 2019
Government, Business, Equipment

Allison Wins Army Contract

Allison Transmission manufacturing plant A worker assembles part of an Allison Transmission at one of the company's manufacturing plants. (Allison Transmission via YouTube)

Allison Transmission announced it will provide more than 300 of its X200-4A propulsion solutions for the U.S. Army’s M113 armored personnel carrier family of vehicles through 2021 to support the Army’s mission of improving combat readiness.

December 9, 2019
Business, Logistics

C.H. Robinson Increases Quarterly Dividend

C.H. Robinson sign C.H. Robinson

Logistics services provider C.H. Robinson Worldwide Inc. announced its board of directors increased its regular quarterly cash dividend to 51 cents per share from 50 cents per share, payable Dec. 31 to shareholders of record on Dec. 16.

December 9, 2019
Business, Technology, Equipment

DTNA Adds New Online Configurator Tool

DTNA A Freightliner M2 106 truck at an industry show in Louisville, Ky., on March 25, 2015. (Evan Lockridge for Transport Topics)

Daimler Trucks North America announced a new online configurator tool intended to make spec’ing the Freightliner M2 106 medium-duty truck easier.

December 9, 2019
Business, Technology, Equipment, Logistics

FleetSharp, Asset IQ Partner to Track Equipment

FleetSharp GPS Tracking, a provider of GPS fleet management tools and asset trackers, has partnered with Asset IQ Financial Services to provide a new way for financial institutions to save time and money when keeping track of assets.

December 9, 2019
Business, Equipment

Yokohama Unveils 114R Ultra Wide-Base Tire

Technician adds air to Yokohama tire A technician adds air to a Yokohama wide-base tire. (Yokohama Tire Corp.)

Yokohama Tire Corp.’s latest regional-haul trailer tire, the 114R Ultra Wide-Base, is ready for sale, according to a Dec. 5 news release.

December 9, 2019
Business, Equipment, Logistics

Roadrunner Sells Flatbed Operation

Roadrunner Roadrunner Transportation Systems via Facebook

Roadrunner Transportation Systems Inc. announced the sale of its flatbed business unit for $30 million in cash, subject to customary purchase price and working capital adjustments.

December 9, 2019