Road
Multimodal transportation giant Schneider National Inc. in November entered into a definitive agreement to acquire Cowan Systems LLC and affiliated entities for a cash purchase price of about US$390 million, subject to certain adjustments.The sale includes separate agreements to purchase certain real estate assets relating to Cowan Systems’ business for about US$31 million in cash.Baltimore-based Cowan Systems is primarily a dedicated contract carrier with a portfolio of complementary services including ...
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Estes Express Lines and R+L Carriers affiliate Ramar Land Corp. said they will pay US$192.5 million for eight owned properties and four leased terminals from the administrators of Yellow Corp., the bankrupt less-than-truckload carrier.Estes will pay US$142.5 million for seven owned and four leased terminals ...
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U.S. trucking companies were T-boned by US$165 billion in nuclear verdicts, or jury awards of more than $10 million, in 2023, according to a report from Marathon Strategies.Overall, U.S. juries ordered companies in 47 different industries to pay a nuclear verdict last year, in a ...
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The American Trucking Associations welcomed the U.S. Senate’s unanimously passage of the Transportation Security Screening Modernization Act Nov. 21. It now awaits passage by the U.S. House.
ATA, which has lobbied heavily for the bipartisan bill, said the legislation would eliminate redundant fees and background ...
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U.S. trucking activity rose modestly in October, according to the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index, the third increase since July.“The slow, and choppy, climb off of the bottom continued in October,” said ATA Chief Economist Bob Costello. “Since hitting a ...
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U.S. Transportation Command, or USTRANSCOM, has awarded Trailer Bridge Inc. a stevedoring and terminal services contract for Danish ports, an indefinite-delivery/indefinite-quantity pact potentially worth more than US$60 million.Under the five-year single-source contract, Trailer Bridge will be responsible for providing all stevedoring and related terminal services ...
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J.B. Hunt Transport Services Inc. reported third quarter net earnings of US$152.1 million, down early 19 percent from US$187.4 million in the year-earlier period.Operating revenue slipped 3 percent in the latest quarter to $3.07 billion, which the Lowell, Arkansas-based motor carrier said was primarily driven ...
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American Trucking Associations ended its 2024 Management Conference & Exhibition on Oct. 15 celebrating Dennis Dellinger’s selection as the federation’s 80th chairman.Dellinger, CEO of Claremont, N.C.-based Cargo Transporters, is a 38-year industry veteran.“I look forward to working with all of you to represent the millions ...
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Federal Highway Administrator Shailen Bhatt has left his post on Sept. 10, after less than two years on the job.Kristin White, who was appointed FHWA deputy administrator in May, has stepped in to lead the agency in an “acting capacity.”Bhatt announced his departure through a ...
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Descartes Systems Group, the on-demand software-as-a-service solutions provider, said it has acquired Assure Assist Inc., doing business as MyCarrierPortal, or MCP, a provider of carrier onboarding and risk monitoring solutions for the trucking industry.MCP’s solutions are designed to help freight brokers and shippers quickly set ...
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