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CCJ Top 250
Business: Page 39
Business
Injunction blocking California's AB 5 for trucking lifted, for now
Following the Supreme Court's decision to not hear trucking's challenge to AB 5, a California district judge lifted an injunction blocking the law from applying to trucking. A motion for another injunction is in the works, however, as challenges reemerge.
August 30, 2022
Business
PS Logistics acquires Phoenix Leasing of Tennessee, strikes deal with Colonial Freight Systems
PS Logistics has made two acquisitions this month, one each in the reefer and flatbed segments.
August 25, 2022
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Outlook and Benchmarking
Declining fuel prices threatened as OPEC hits 'a tough spot,' IRA imposes oil tax and refineries cash in on renewable diesel
Fuel prices have been dropping but experts warn that it may not last for long as OPEC considers cutting production and the recently passed Inflation Reduction Act gears up for an oil tax.
August 24, 2022
Economic trends
Trucking conditions negative for second straight month
FTR's Trucking Conditions Index fell from -0.3 in May to -3.36 in June. Also: Ascend names new President of Distribution and Dedicated; Kenworth T680s recalled over fuel tank issue; medium-duty Macks recalled; Hub Group acquires TAGG Logistics.
August 23, 2022
Business
Heartland Express acquiring CFI's non-dedicated dry van and temp-controlled truckload business
At the close of the transaction, Heartland Express will be the eighth largest truckload fleet and third largest irregular route, asset-based truckload carrier in the U.S.
August 22, 2022
Business
New program connects private fleets, owner-ops for freight opportunities
Broker/3PL Arrive Logistics this summer announced the launch of a pilot program aimed at helping private fleets connect with owner-operators, opening a new avenue to earning revenue for both sides of the partnership.
August 19, 2022
Business
Tesla boss says Semi deliveries will commence this year
Elon Musk says that deliveries of Tesla's electric Semi will begin this year. Also: HHG moving company employee sentenced for defrauding the United States.
August 11, 2022
Business
PS Logistics acquires Alabama flatbedder
PS Logistics' 26th acquisition since 2014 positions the company as one of the largest 53-foot lightweight flatbed carriers in the country with more than 400 power units and 1,000 trailers.
August 10, 2022
Business
Diesel national average falls below $5 per gallon
Fuel prices are at the lowest national average since early March. Also: FedEx opens new facility in Phoenix; SEKO Logistics has acquired California-based 3PL Pixior; two electric Thermo King refrigeration units eligible for CARB voucher.
August 10, 2022
Alternative power
Nikola announces plans to open three hydrogen stations in California
The stations will be located in Colton, Ontario and near the Port of Long Beach. Also: Werner's CFO John Steele set to retire; Thailand trailer manufacturer enters U.S. market; GreatWest Kenworth expanding in Alberta.
August 5, 2022
Outlook and Benchmarking
Chinese ire over Taiwan could lead to 'devastating' microchip and rare earth metal shortages
Worrisome supply lines of microchips and rare earth metals used in EV motors may be further at risk following House Speaker Nancy Pelosi's controversial trip to Taiwan, which prompted a sullen China to engage in military drills that are impeding commerce.
August 4, 2022
Business
Cummins closes $3.7B deal for Meritor
Cummins will onboard Meritor’s people, products and capabilities in axle and brake technology into its components business. Also: Fastfrate completes Challenger Group acquisition; FMCSA grants target recruiting veterans; HHG mover sentenced for fraud.
August 4, 2022
Business
Kam-Way Transportation acquiring Produce Supply Express
PSE will continue to operate under its current management with the Kam-Way Transportation leadership team providing additional support.
August 3, 2022
Business
A.N. Webber acquires flatbed brokerage
Hicks Co., a force in the west-coast flatbed brokerage market for 40 years, will continue to operate under its own name and authority until the end of the year.
August 2, 2022
Insurance
New insurtech company offers instant access to all-risk cargo insurance
It’s estimated that over 60% of cargo on the road goes uninsured daily, racking up $15+ billion worth of damages that cannot be recouped.
July 28, 2022
Business
Mergers and acquisitions changing the landscape of the country's largest carriers
More than 8% of CCJ's Top 250 for-hire carriers have been involved in a merger or acquisition this year.
July 25, 2022
Business
Shelley Simpson named new president of J.B. Hunt
Simpson will take over the role on Aug. 1, and current president John N. Roberts III, will remain chief executive officer and a member of the J.B. Hunt Board of Directors. Also: Yellow partnering with U.S. Army; Merchants Fleet acquired.
July 22, 2022
Business
Learning to trust fuel economy test results
When you start with an unreliable testing method you are bound to get invalid test results.
July 21, 2022
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Technology
Court halts NYSTA surcharge on commercial trucking toll management service providers
The court's rulings pause the implementation of the surcharge and allow Bestpass by Fleetworthy and PrePass to continue their participation in NYSTA’s existing Standard Commercial Charge Account program while the court reviews legal and procedural issues related to the authority's newly established program.
Business
Abilene Motor Express folding into Swift Transportation
Business
Quantix partnering with liquid bulk haulers MC Tank Lines, Leahy Transport
Mergers & Acquisitions
Koch doubles its nationwide square footage with SOS acquisition
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