Tag: news

June 8, 2021

Just one month after announcing it would begin drone delivery service in Centerville, Ohio, grocery chain Kroger officially kicked off the service on Wednesday, according to a report in the Journal-News. The drone service, provided by Drone Express, a division […]

April 19, 2021

The billionaire Agnelli family’s CNH Industrial NV ended talks to sell its Iveco SpA truck and bus unit to China FAW Group Co. after the Italian government signaled it would oppose the deal. CNH abandoned the talks because the Chinese […]

March 22, 2021

In ocean shipping, present success often breeds future failure. Across the decades, freight-rate spikes have spurred newbuilding sprees, wiping out freight rates. Which brings us to today: Container freight rates are spiking and container-ship newbuild orders are surging at yards […]

November 28, 2016

Petroleum products shipping company Navig8 Product Tankers Inc. has taken delivery of a 74,000 dwt LR1 tanker, the Navig8 Prestige, from South Korean shipbuilder SPP Shipbuilding. Navig8 Prestige is the last of four vessels contracted at SPP to be delivered […]

November 23, 2016

Amazon.com plans to open a fulfillment center in North Los Vegas, the second in the city and the third location in Nevada, the company announced Nov. 22. The building will result in more than 1,000 jobs in addition to the […]

November 11, 2016

Radiant Logistics Inc. reported a profit of $1.35 million on Nov. 9, up from the $172,490 loss it reported one year ago. The results for the company’s fiscal first quarter, which ended Sept. 30, reversed four consecutive quarters of losses […]

November 1, 2016

In preparation for a new era of sea travel that will bring larger cargo and cruise ships to South Florida, PortMiami has been awarded $33 million in state grants over the next five years, the port announced Oct. 28. The […]

October 26, 2016

Allison Transmission Holdings Inc. reported third-quarter net income and revenue slipped for the period ended Sept. 30, as demand for its transmissions fell in North America. Net income for the quarter was $44.6 million, or 27 cents per share, compared […]

October 26, 2016

Titans Amazon and Google are battling for your delivery business. On Oct. 25, Google announced it is extending its online shopping and delivery service across the Southeast and Northwest. With the increase, Google Express will reach 70 million more people, […]

October 25, 2016

Swift Transportation reported profits were up 4.7%, one of the few bright spots so far in the industry for the third quarter, and the company said it was the result of cutting expenses to deal with the challenging truckload environment. […]

October 18, 2016

While more than 600 smaller roads in North Carolina remained closed on Oct. 17 because of high water from the floods caused by Hurricane Matthew, Interstate 95 reopened in both directions that morning. That good news followed the reopening of […]

October 5, 2016

Truck orders for September fell 28% year-over-year, continuing a steady decline during 2016, ACT Research reported. The consulting firm’s September total of 13,900 units during a traditionally slow season for orders was a 2% sequential decline from August. “This level […]

September 26, 2016

Vnomics Corp. announced Lockheed Martin Corp., an original investor, will further invest in the company and the development of its latest technology, True Fuel. The amount was not disclosed. True Fuel is a tablet-size device that precisely monitors each vehicle’s […]

September 13, 2016

The U.S. diesel average price slipped 0.8 cent to $2.399 per gallon, according to a Department of Energy survey of fueling stations released Sept. 12, as the price of crude continued to fluctuate. Diesel was 11.8 cents cheaper than it […]

September 6, 2016

Volkswagen AG will reportedly unveil an agreement as early as Sept. 6 to obtain a stake in Navistar International Corp. in exchange for supplying engines to the Lisle, Illinois-based truck maker. According to a number of published stories, Volkswagen has […]

September 2, 2016

For-hire trucking added 3,400 jobs in August, and the unemployment rate held steady at 4.9%, the Labor Department reported Sept. 2. The gains were scored after the sector added 1,700 jobs in July and lost 6,300 in June. The total number […]

August 24, 2016

Southern California marine terminals have dropped a plan to charge chassis lessors $5 per unit traveling through cargo facilities in the face of opposition from the businesses that provide the majority of chassis equipment to move truck freight in the […]

August 19, 2016

Container volume at the Port of Virginia in July dropped 3.6% year-over-year, while it’s up 1.1% for the first seven months of the calendar year, port officials announced Aug. 17. The number of containers moved in July, measured in standard […]

August 9, 2016

East Coast ports eager to capitalize on the newly expanded Panama Canal are engaged in massive dredging projects to reach the ideal channel depth of 50 feet or more, but so far results are uneven. Construction in Panama increased the […]

August 8, 2016

More than three-quarters of Americans said they think cars and trucks are contributing factors to air pollution, according to a poll by the Natural Resources Defense Council published Aug. 4. For the “Attitudes Toward Air Pollution, Transportation and Fuel Efficiency” […]