Navigating Transportation Around The World: Latest News & Trends
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Latest Industry News
Daimler Trucks North America is recalling about 21 model year 2021-2022 Western Star 4900 trucks for a potential steering issue, according to National Highway Traffic Safety Administration documents. In the affected trucks , the steering shaft pinch bolt…
Great Dane Trailers is recalling certain 2022 Champion dry van and Everest refrigerated trailers in which the wheel hubs may have an insufficient amount of lubrication, which could cause the hub bearings to fail.
Yellow Corp. has achieved a significant milestone with an upgrade of its debt rating from Moody’s Investors Service. The ratings agency last week increased Yellow’s corporate family rating to B3 from Caa1. Both ratings are…
Brightstar Capital Partners has signed a definitive agreement to acquire Novae Corp. in partnership with the company’s founder and senior management team, the private equity firm reported Dec. 15. Steve Bermes, chief executive of Novae…
The White House unveiled a sweeping initiative aimed at shoring up the ranks of the nation’s truck drivers that could potentially lead to boosting driver pay. The Biden-Harris Administration Trucking Action Plan is being launched…
A former chief financial officer (CFO) of Roadrunner Transportation Inc. has been sentenced to two years in person for his role in an accounting fraud scheme that led the company to restate its earnings and…
Richard Stephen Hartrick, who in March of 1976 founded Bulk Carriers Transportation Equipment Co., died Dec. 18 at his home in New Philadelphia, Ohio, following a year-long illness. Born in Buffalo, N.Y., Nov. 24, 1946…
Waco, Texas-based Central Freight Lines (CFL) notified drivers, employees and customers in mid Dec that it would be shutting down. A source close to CFL said the company had “too much debt and too many unpaid bills”…
Schneider will become the first truckload carrier to conduct a trial deployment of “lifesaving technology” developed through the Driver Alcohol Detection System for Safety (DADSS) program, a public-private partnership between the world’s leading automakers and the U.S. DOT’s NHTSA to…
PSC, the nation’s largest network of commercial parts and repair facilities for the tank-trailer and tank-truck industry, has announced its acquisition of Grace Trailer Service, a leading tank- trailer service and repair business with three…
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Market data may be delayed or end-of-day and is provided for informational context only.
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