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Tag: news


Shipping

Navig8 Product Tankers Takes Delivery of LR1 Tanker

November 28, 2016

Via: World Maritime News

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 […]


Impact & Regulations

Amazon to Open Second Las Vegas Distribution Center

November 23, 2016

Via: Transport Topics

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 […]


Impact & Regulations

Radiant Logistics Reports First Non-Adjusted Profit Since June 2015

November 11, 2016

Via: Transport Topics

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 […]


Infrastructure

PortMiami Receives $33 Million From State for Expansion

November 1, 2016

Via: Transport Topics

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 […]


Impact & Regulations

Allison Earnings Fall as North American Demand Slips

October 26, 2016

Via: Transport Topics

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 […]


Impact & Regulations

Google Express Expands Across Southeast, Northwest

October 26, 2016

Via: Transport Topics

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, […]


Impact & Regulations

Swift Transportation Profits Rise in Third Quarter

October 25, 2016

Via: Transport Topics

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. […]


Infrastructure

Major Interstates Reopened in North Carolina

October 18, 2016

Via: Transport Topics

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 […]


Impact & Regulations

Truck Orders Drop 26% in September

October 5, 2016

Via: Transport Topics

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 […]


Impact & Regulations

Lockheed Martin Adds to Investment in Vnomics Corp.

September 26, 2016

Via: Transport Topics

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 […]