Monthly Archive: February 2021

UPS Freight 0

UPS & TFI sign $800 million deal

UPS is selling its UPS Freight less-than-truckload (LTL) division to TFI International Inc. for $800 million. The decision to sell UPS Freight aligns with the company’s “better not bigger” strategic positioning, according to a UPS…

Line of colorful semi-trailer cabs. 0

5 Trucking Merger & Acquisition Takeaways

The trucking merger and acquisition arena was anything but ordinary in 2020. Within the liquid/dry bulk vertical we saw several transfers of ownership. A few notable transactions included: Kenan Advantage’s purchases of Fort Transfer, Paul’s…

Thorne Retiring From ABF 0

Thorne Retiring From ABF

Tim Thorne, president of ArcBest less-than-truckload carrier ABF Freight, will retire June 30 after a 31-year career with the company. Seth Runser, ABF vice president for line haul operations was promoted to the new role…

Nikola Two Truck Driving 1

Nikola Wins Fuel-Cell Approval

After a rocky finish in 2020, Nikola announced it has secured an innovative electric rate schedule with Arizona Public Service Co. (APS) that the company said makes possible the accelerated development of hydrogen-based fueling solutions…

Liquid Trucking hikes driver pay 0

Liquid Trucking Hikes Driver Pay

Liquid Trucking, one of the top 30 largest tank carriers in North America, recently announced a major driver wage increase. Based in Plattsmouth, Neb., Liquid Trucking is a family-owned bulk liquid transporter specializing in agricultural…

Trucks zooming on highway 0

Market for Class 5-8 Trucks Booming

Despite the plunge in new-truck orders during the spring COVID-19 pandemic shutdowns, orders of Class 5 through 8 trucks closed out 2020 in near-record territory, according to industry analysts FTR and ACT Research. Preliminary North…

Tank Transport Trader