ARLINGTON, Va., Nov. 13, 2015 /PRNewswire-USNewswire/ — On November 7, American Trucking Associations announced the winners of the 2015 Excellence in Trucking Security Award and the 2015 Excellence in Trucking Claims and Loss Prevention Award. The awards are the only nationally-recognized awards of their kind in the trucking industry and were…
The Kroger Co. and Roundy’s, Inc. announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share in cash. The purchase price is estimated at around $800 million, according toSupermarket News. The transaction price represents a premium of approximately 65 percent to the Roundy’s closing…
DALLAS. An unprecedented capacity crisis, driven by the impacts of trucking regulations, will be followed by a revolution in transportation productivity, and the winners and losers in the supply chain will be sorted out based their preparations for the coming market upheaval, industry analysts explained at Connected 2015, the Truckstop.com…
Canadian Pacific Railway, the second-largest railroad in Canada, is exploring a takeover of U.S. carrier Norfolk Southern Corp. in a fresh attempt to consolidate the North American industry, according to people familiar with the matter. Canadian Pacific is raising financing and has held early-stage merger talks with Norfolk Southern, which…
WASHINGTON — The Senate highway bill says the Department of Transportation “may” establish a pilot program to permit drivers under 21 to take big rigs across state lines. The version approved by the House last week says the department “shall” pursue such a pilot program for young drivers. In the…
Trucking, the backbone of American commerce, is in a tough spot. There might be a future, a very long time from now, when long-haul drivers are replaced by fully self-driving vehicles. But today, trucking has the opposite problem. It’s looking at a significant shortage of drivers — 48,000 open positions…
OMAHA, Neb. — Werner Enterprises recently announced the largest owner-operator per-mile increase in the company’s history. Effective November 3, the increase equates to a total of $10,000 in increased annual payments for all 48-state van solo owner-operators, which impacts approximately one third of Werner’s owner-operator fleet. Werner also announced additional…
Kraft Heinz will close seven plants in the U.S. and Canada over the next two years as part of a downsizing that will eliminate 2,600 jobs, or roughly 14 percent of its North American factory workforce, the newly-merged food company announced Wednesday, according to USA Today. The company said it…
Kenco, a Chattanooga, Tennessee-based logistics firm, said it is exploring the use of drones to manage its warehouse and yard operations. “Kenco wants to use drones for managing real-time data gathering in outside yard operations,” said Kristi Montgomery, vice president of Kenco Innovation Labs. Kenco said it is working with…
XPO Logistics Inc. on Wednesday appointed Tony Brooks, a veteran transportation executive with some of the country’s largest shippers, to run its recently acquired trucking fleet, a move that analysts said signaled the company’s intent to land bigger customers. The company also reported a net loss of $35.4 million in…
